Compute your UnionBank housing loan monthly amortization in seconds — then see how much you could save by refinancing to as low as 5.99% p.a. through Nook, completely free.
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Why this matters
UnionBank is one of the Philippines' most digitally forward banks, and its housing loan product reflects that — offering competitive fixed rates starting at 7.00% p.a. for a 1-year fixed term, with flexible loan purposes including RFO, pre-selling, renovation, home equity, and even foreclosed properties. Whether you're computing a new purchase or exploring a real borrower's perspective on UnionBank home loans, understanding your monthly amortization is the essential first step before committing to any loan.
To compute your UnionBank housing loan payment manually, use the standard amortization formula: multiply your loan principal by the monthly interest rate, then divide by one minus (1 + monthly rate) raised to the negative power of total months. For a 3,000,000 loan at 7.00% over 20 years, that works out to roughly 23,259 per month. But the real question isn't just what your payment will be — it's whether your current rate is still competitive. Most Filipino homeowners locked in rates between 7% and 10% years ago and haven't revisited them since. If your existing loan is repricing above 7.00%, you may already be paying more than necessary. If you're comparing your options, our guide on BDO vs UnionBank housing loan rates breaks down how the two banks stack up side by side.
That's where Nook comes in. As the Philippines' first digital mortgage broker, Nook shops multiple partner banks — including UnionBank — on your behalf to find the lowest rate you qualify for. The best rate currently available through Nook is 5.99% p.a. Refinancing from 8.50% to 5.99% on a 3,000,000 balance with 20 years remaining could save you nearly 4,000 per month. Nook's service is 100% free to borrowers — no broker fees, no hidden charges. Use the calculator above to run your own numbers, then let Nook do the legwork. Note: Interest rates are subject to change. Please verify current rates with your 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 of 7.00% p.a. for housing loans, which also applies to home equity loans. This is one of the more competitive bank rates available in the Philippines right now, though rates are subject to change — always confirm the latest rate directly with UnionBank or through a broker like Nook before applying.
You can use Nook's calculator above by entering your loan amount, interest rate, and loan term. For a quick manual estimate: a 3,000,000 loan at 7.00% over 20 years yields approximately 23,259 per month. Keep in mind that your actual payment may vary based on your specific rate, term, and any fees rolled into the loan.
Yes — Nook works with UnionBank as a partner bank, meaning you can apply for a refinance through Nook and Nook will handle the comparison and submission process for free. UnionBank accepts refinancing applications from employed borrowers (private, government, BPO), OFWs and seafarers, self-employed professionals, and more, with a minimum monthly income requirement of 30,000.
UnionBank housing loans cover a wide range of purposes: ready for occupancy (RFO) units, pre-selling properties, reselling, new construction, renovation, home equity, and even foreclosed properties. This flexibility makes UnionBank a strong option whether you're buying your first home, building, or tapping into your property's equity.
It depends on your remaining balance and term. If you secured your loan several years ago at a higher repriced rate — say 8.50% or above — refinancing down to 5.99% through Nook could save you tens of thousands annually. Even if you're at 7.00%, it's worth running the numbers: on a 3,000,000 balance, dropping to 5.99% saves over 1,100 per month. You can explore how UnionBank compares to other lenders in our Chinabank vs UnionBank home loan rates breakdown before deciding.
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