UnionBank offers competitive housing loan rates starting at 7.00% p.a. — but if you're on an older loan, you could refinance to as low as 5.99% p.a. through Nook and save thousands every month.
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Why this matters
UnionBank is one of the Philippines' most digitally forward banks, and its housing loan products reflect that — offering competitive fixed rates starting at 7.00% p.a. for a 1-year fixed term, accessible income requirements (minimum monthly income of just P30,000), and a maximum debt-to-income ratio of 50%. Whether you're purchasing a ready-for-occupancy unit, building a new home, refinancing from another bank, or tapping your home's equity, UnionBank's housing loan lineup covers a wide range of borrower needs. It also serves a broad employment base, including private employees, government workers, BPO professionals, OFWs and seafarers, self-employed individuals, and licensed professionals.
If you already have a housing loan — whether with UnionBank or another bank like BPI or Security Bank — it's worth asking whether your current interest rate still reflects today's competitive landscape. Many Filipino homeowners locked in rates of 8% to 10% or higher years ago and haven't revisited their options since. Refinancing to a lower rate can meaningfully reduce your monthly payment and free up cash for other financial priorities. Nook, as a licensed digital mortgage broker, helps you compare UnionBank's rates alongside other top Philippine banks — all in one place, at no cost to you.
Using Nook to apply for a UnionBank housing loan or to refinance your existing loan is completely free. Nook's broker service is 100% complimentary for borrowers — we handle the paperwork coordination, bank comparison, and application submission on your behalf, so you don't have to navigate the process alone. The savings card above illustrates how much a typical borrower with a P3,000,000 loan could save by refinancing from a higher legacy rate down to today's best available rate. Your actual savings will depend on your outstanding loan balance, remaining term, and the rate you qualify for. Interest rates are subject to change — please verify current rates with UnionBank or through Nook before making any financial 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
UnionBank currently offers housing loan rates starting at 7.00% p.a. for a 1-year fixed term, as well as a home equity rate of 7.00% p.a. These rates are among the more competitive offerings from Philippine banks, particularly for borrowers with strong credit profiles. Rates are subject to change, so it's best to confirm the latest figures directly through Nook or UnionBank before you apply.
UnionBank accepts applications from a wide range of employment types, including private employees, government workers, BPO professionals, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is P30,000, and your total monthly debt obligations (including the new housing loan) should not exceed 50% of your gross monthly income. This makes UnionBank accessible to many middle-income Filipino borrowers.
UnionBank's housing loan can be used for a variety of purposes: purchasing a ready-for-occupancy (RFO) or pre-selling property, buying a resale home, new construction, home renovation, acquiring foreclosed properties, or accessing your home's equity through a home equity loan. This flexibility makes UnionBank a strong option whether you're a first-time buyer or an existing homeowner looking to unlock the value of your property.
Yes — refinancing your existing home loan to UnionBank is possible and can result in significant savings if your current rate is higher than what UnionBank now offers. Nook can help you evaluate whether a refinance makes financial sense by comparing your current loan terms against available rates from UnionBank and other partner banks. The entire process through Nook is free for borrowers.
Nook is the Philippines' first digital mortgage broker, and its service is 100% free for borrowers — the bank pays Nook a referral fee, so you never pay a cent for Nook's assistance. When you apply through Nook, you submit your details once and Nook matches you with the best-fit bank and loan product, including UnionBank. Nook handles coordination, document chasing, and follow-ups so you can focus on finding your home rather than managing paperwork.
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