UnionBank offers competitive housing loan rates starting at 7.00% p.a. — but through Nook, you can compare and potentially refinance to 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 its housing loan product reflects that — with a streamlined online application, competitive 1-year fixed rates starting at 7.00% p.a., and flexible eligibility that covers private employees, government workers, BPO staff, OFWs, seafarers, self-employed professionals, and more. The minimum monthly income requirement is ₱30,000, and the maximum debt-to-income ratio is 50%, making it accessible to a wide range of Filipino borrowers. Whether you're buying a ready-for-occupancy unit, a pre-selling property, or planning a renovation, UnionBank has a loan purpose to match. You can read the full UnionBank housing loan requirements and application guide for a detailed breakdown of eligibility and documents.
If you already have an existing home loan — whether with UnionBank or another bank — it's worth checking whether you're paying more than you need to. Many Filipino homeowners are still locked into rates of 8% to 10% from loans taken out several years ago. Refinancing to a lower rate can reduce your monthly payment significantly and save you hundreds of thousands of pesos over the remaining life of your loan. Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We compare offers from UnionBank and other leading banks so you get the best rate available — without the legwork. Learn more about refinancing your UnionBank housing loan through Nook.
The savings card above illustrates what a borrower with a ₱3,000,000 outstanding balance and 20 years remaining could save by moving from an 8.50% rate to 5.99% p.a. — over ₱4,000 less per month, and more than ₱725,000 in total interest savings. Even if your situation differs, the principle holds: a lower rate means more money stays in your pocket. Nook handles the comparison, documentation, and bank coordination on your behalf, at zero cost to you. Interest rates are subject to change — please verify current rates with the bank 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 a 1-year fixed rate starting at 7.00% p.a. for standard housing loans and home equity loans. Rates are subject to change, so it's best to verify the latest rates directly with UnionBank or by applying through Nook, where we can show you real-time offers from multiple banks at once.
UnionBank accepts applications from a broad range of borrowers including private employees, government workers, BPO professionals, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱30,000 and your total debt obligations should not exceed 50% of your gross monthly income.
Typically, you'll need a valid government-issued ID, proof of income (payslips, ITR, or employment certificate), bank statements, and property documents such as the Transfer Certificate of Title (TCT) and tax declaration. Self-employed applicants and OFWs may have additional document requirements — check the full UnionBank housing loan documents and eligibility guide for a complete list.
Yes — Nook can help you refinance an existing home loan from any bank, including UnionBank, to potentially secure a lower interest rate. Our service is 100% free to borrowers, and we handle the comparison and application process on your behalf. If UnionBank offers the best rate for your profile, we'll recommend it; if another bank does, we'll tell you that too.
Processing times can vary depending on the completeness of your documents and the type of loan, but UnionBank's digital-first approach generally allows for faster turnaround compared to more traditional banks. When you apply through Nook, we help ensure your documents are complete and correctly submitted, which can significantly reduce delays and back-and-forth with the bank.
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