UnionBank offers competitive housing loan rates starting at 7.00% p.a. — but through Nook, you could refinance to as low as 5.99% p.a. and save thousands every month.
YOUR POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
UnionBank is one of the Philippines' most digitally forward banks, and its housing loan product reflects that — offering fixed rates from 7.00% p.a. on 1-year terms and home equity facilities at the same rate. With a minimum monthly income requirement of just P30,000 and a maximum debt-to-income ratio of 50%, UnionBank's housing loan is accessible to a wide range of borrowers: salaried employees in the private sector, government workers, BPO professionals, OFWs, seafarers, and the self-employed. Whether you're purchasing a ready-for-occupancy unit, pre-selling property, or looking to renovate, UnionBank has a loan purpose that fits. You can learn more in this complete UnionBank housing loan guide for 2026.
That said, interest rates reprice at the end of every fixed period — and many homeowners who took out loans two or three years ago are now sitting on rates between 8% and 10%. If your current rate is higher than 7.00%, you may be leaving a significant amount of money on the table every single month. Refinancing doesn't mean leaving your bank; it means using your existing equity to negotiate a better deal — and Nook makes that process completely free. As a digital mortgage broker, Nook compares rates across multiple lenders, including UnionBank, to find you the lowest possible rate with no broker fees charged to you.
The best refinance rate currently available through Nook is 5.99% p.a. On a P3,000,000 loan with 20 years remaining, dropping from 8.50% to 5.99% can reduce your monthly repayment by nearly P4,000 — and save you almost P700,000 over the life of the loan. If you're already with UnionBank and your fixed period is ending, or you're considering switching, now is the right time to check your options. See how the process works in our guide to UnionBank housing loan refinancing. Note that all interest rates are subject to change — always verify current rates with the bank 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
UnionBank currently offers a 1-year fixed rate of 7.00% p.a. and a home equity rate of 7.00% p.a. These rates are subject to change, so we recommend verifying the latest figures directly with UnionBank or through Nook, where you can compare live rates across multiple lenders for free.
Yes — if your current rate is higher than what's available in the market today, refinancing is a smart move. Through Nook, you can refinance your UnionBank loan (or switch to another lender) to access rates as low as 5.99% p.a., with no broker fees charged to you. Check out our full UnionBank refinance guide for step-by-step details.
UnionBank accepts applicants from a broad range of employment types including private-sector employees, government workers, BPO professionals, OFWs, seafarers, the self-employed, and licensed professionals. You'll need a minimum monthly income of P30,000 and a total debt-to-income ratio not exceeding 50%. Full eligibility details and document requirements are covered in our UnionBank housing loan requirements guide.
UnionBank's housing loan can be used for a wide range of purposes: purchasing ready-for-occupancy (RFO) or pre-selling properties, home construction, renovation, reselling, foreclosed property acquisition, and home equity (cash-out refinancing). This flexibility makes it one of the more versatile housing loan products available from a Philippine bank.
Yes, completely. Nook is the Philippines' first digital mortgage broker, and its service is 100% free to borrowers. Nook is compensated by the banks, not by you — so you get access to multiple lenders, rate comparisons, and application support without paying a single peso in broker fees. It's the easiest way to make sure you're always on the best rate available.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →