UnionBank offers a 1-year fixed rate of 7.00% p.a. — but if you're already paying more than that, refinancing through Nook could save you thousands of pesos every month at no cost to you.
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Why this matters
UnionBank is one of the Philippines' most digitally advanced banks, and their housing loan product reflects that — offering competitive fixed rates starting at 7.00% p.a. for the first year, accessible income requirements (minimum P30,000 monthly), and a maximum debt-to-income ratio of 50%. Whether you're purchasing a ready-for-occupancy property, building a new home, or looking to tap your home's equity, UnionBank has a loan purpose to match. They also cater to a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed. For a full breakdown of what you'll need to apply, see our UnionBank Housing Loan Requirements & Application Guide 2026.
If you already have a home loan — whether with UnionBank or another lender — and your current interest rate is above 7.00%, you could be leaving significant money on the table every single month. Many Filipino homeowners are still paying rates of 8%, 9%, or even 10% on loans taken out several years ago, simply because refinancing feels complicated or expensive. Through Nook, it doesn't have to be. Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We compare rates across multiple partner banks — including UnionBank — and handle the paperwork on your behalf, so you can focus on what matters. Learn more about how the process works in our UnionBank Housing Loan Refinance guide.
The savings calculator above is based on a P3,000,000 loan with a 20-year remaining term. Your actual savings will depend on your current rate, outstanding balance, and the terms you qualify for. The best refinance rate currently available through Nook is 5.99% p.a. — a rate that could dramatically reduce your monthly amortisation. Even moving from 9.00% to 7.00% on a P3,000,000 loan saves over P4,000 per month. That's money you could redirect to your family, your retirement, or paying off your loan faster. Please note that interest rates are subject to change — verify current rates with Nook or directly with UnionBank 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. on standard housing loans, and the same rate applies to home equity loans. Rates are subject to change, so it's always best to confirm the latest figures directly through Nook or UnionBank before submitting your application.
UnionBank accepts applications from a wide range of borrowers, 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 monthly debt obligations must not exceed 50% of your gross monthly income.
UnionBank's housing loan can be used for purchasing ready-for-occupancy (RFO) properties, pre-selling units, reselling homes, new construction, renovation, home equity, and even foreclosed properties. This makes it one of the more flexible bank options for Filipino homebuyers and homeowners.
Yes — if you currently have a home loan with BDO, BPI, Metrobank, Security Bank, or any other lender and your rate is above 7.00%, Nook can help you refinance to UnionBank or another partner bank offering better terms. Nook's refinancing service is completely free to borrowers, and we handle the comparison and paperwork for you.
Nook earns a referral fee directly from the bank when your loan is successfully approved — similar to how a real estate agent is paid by the seller, not the buyer. This means you get expert mortgage brokering at zero cost, with no hidden charges added to your loan. Our incentive is fully aligned with getting you the best possible rate.
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