If you have a UnionBank home loan, you may be paying more than you need to. Nook can help you transfer to a lender offering rates as low as 5.99% p.a. — for free.
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Why this matters
UnionBank is one of the Philippines' most digitally advanced banks, and many homeowners chose them for exactly that reason — a smooth online experience, a well-designed app, and a reputation for innovation. But when it comes to home loan interest rates, digital convenience doesn't always translate into the most competitive pricing. If your UnionBank home loan was fixed more than a year ago, there's a strong chance your current rate no longer reflects what the market can offer. A UnionBank home loan transfer might be one of the most valuable financial moves you can make this year. Check out our UnionBank Housing Loan Refinance guide for a deeper breakdown of how the process works.
Refinancing — or transferring your home loan to a new lender — doesn't mean giving up the digital experience you value. Many of Nook's partner banks offer their own robust online platforms and mobile banking tools, and the transition is handled entirely through Nook's digital process. You won't need to queue at a branch or manage paperwork on your own. Nook compares rates across multiple lenders to find the best fit for your income profile, property type, and loan balance. The best available rate through Nook right now is 5.99% p.a., and for a loan of 3,000,000 over 20 years, that difference adds up to real money every month.
The good news is that Nook's service is completely free for borrowers — there are no broker fees, no hidden charges, and no obligation to proceed after your initial assessment. Whether your current loan is with UnionBank or another lender, Nook handles the heavy lifting: document preparation, lender matching, and follow-up. If you want to understand what documents you'll need and whether you qualify, our guides walk you through everything step by step. Interest rates are subject to change — we recommend verifying current offers directly with lenders or through Nook before making any decisions.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
Yes, transferring your home loan away from UnionBank to another lender is a standard refinancing process in the Philippines. You'll need to meet the new lender's eligibility requirements and have your property reappraised. Nook can help you identify which lenders are most likely to approve your application and offer you the best rate.
Transferring your home loan doesn't affect your other UnionBank accounts — your savings account, credit card, or app access will remain unchanged. You're simply moving the mortgage to a lender with a more competitive rate. Many of Nook's partner banks also offer strong digital banking platforms.
On a 3,000,000 loan at 8.00% with 20 years remaining, switching to 5.99% p.a. could reduce your monthly payment by over 3,500 pesos — that's more than 42,000 pesos per year. Over the life of the loan, your total savings could exceed 600,000 pesos. Use Nook's free assessment to get a personalised estimate based on your actual balance and rate.
Some home loans include an early repayment or pre-termination penalty, typically applicable within the first few years of the loan or within the fixed-rate period. It's important to check your loan agreement or contact UnionBank directly to confirm whether any fees apply. Nook factors in transfer costs when calculating your net savings to ensure the move actually makes sense for you.
Nook is a digital mortgage broker that compares home loan offers from multiple Philippine banks on your behalf — at zero cost to you. Once you submit your details, Nook assesses your profile, matches you with the best available lender, and guides you through the application process. There are no broker fees charged to borrowers at any stage.
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