Use our free calculator to estimate your UnionBank housing loan monthly payments — then see how much you could save by refinancing to a lower rate through Nook.
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Why this matters
UnionBank is one of the Philippines' most digitally forward banks, and their housing loan products reflect that — offering competitive fixed rates starting at 7.00% p.a. for a 1-year fix, flexible loan purposes ranging from ready-for-occupancy units to renovation financing, and accessible income requirements starting at just P30,000 monthly. Whether you're calculating payments on a new purchase or trying to figure out if your existing loan is still competitive, this calculator gives you a fast, realistic estimate based on current 2026 rates.
But here's what many homeowners miss: a housing loan calculator only tells you what you're paying today. It doesn't tell you what you could be paying. If you took out your home loan two or three years ago at a rate above 8% or 9%, there's a real chance refinancing through Nook could meaningfully reduce your monthly amortization. Nook works with UnionBank and other partner banks to find you the most competitive refinancing rate available — and the service is completely free to borrowers. You can also compare UnionBank against BDO's housing loan rates to see how they stack up side by side.
To get the most accurate payment estimate, enter your outstanding loan balance (not the original loan amount), your remaining term in years, and your current interest rate. The calculator uses standard amortisation methodology to give you a consistent monthly figure. Keep in mind that actual payments may vary based on your specific loan structure, fees, and bank-applied adjustments. Interest rates are subject to change — always verify the latest rates directly with UnionBank or through a licensed broker like 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 period. This applies to both standard home purchase loans and home equity products. Rates beyond the fixed period are subject to repricing based on prevailing market conditions, so it's worth locking in a competitive rate now if you're refinancing.
UnionBank accepts a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is P30,000, and your total debt obligations should not exceed 50% of your gross monthly income. Loan purposes covered include new purchase (RFO and pre-selling), reselling, renovation, home equity, new construction, and foreclosed property acquisition.
The calculator uses standard amortisation methodology — the same formula banks use to compute equal monthly installments over your loan term. It gives you a reliable ballpark figure for budgeting purposes. However, actual payments may differ slightly based on processing fees, insurance premiums, or specific loan structures applied by the bank, so treat the result as a strong estimate rather than a final quote.
Yes — simply enter your current outstanding balance as the loan amount and your remaining years as the term, then compare the payment at your current rate versus Nook's best available refinancing rate of 5.99% p.a. The difference is your estimated monthly savings. If you want to dig deeper into how UnionBank compares to other lenders for refinancing, check out this Chinabank vs UnionBank home loan rate comparison for a detailed breakdown.
Yes, Nook's service is 100% free to borrowers. Nook acts as a digital mortgage broker, comparing rates across multiple partner banks — including UnionBank — to find you the best deal. You pay nothing for the comparison, the application assistance, or the processing support. Nook earns a referral fee from the bank only if your loan is successfully approved.
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