UnionBank offers housing loan rates starting at 7.00% p.a. — but through Nook, eligible borrowers can access refinance rates as low as 5.99% p.a. See how much you could save every month.
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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-rate periods, a streamlined online application process, and flexible loan purposes ranging from ready-for-occupancy units and pre-selling condos to home equity and renovation financing. For 2026, UnionBank's published 1-year fixed rate starts at 7.00% p.a., with terms available up to 20 years and a minimum monthly income requirement of ₱30,000. These rates are accessible to a wide range of borrowers including salaried employees, BPO workers, OFWs, seafarers, and self-employed professionals. If you're comparing lenders before committing, our detailed BDO vs UnionBank housing loan comparison breaks down the key differences in rates, fees, and eligibility side by side.
For existing homeowners already carrying a mortgage — whether with UnionBank or another lender — refinancing is often the fastest way to reduce monthly costs without selling or moving. With Nook, you can compare UnionBank's refinance offering against multiple partner banks and find the lowest rate you qualify for. Our best available refinance rate is currently 5.99% p.a., and on a ₱3,000,000 loan with a 20-year remaining term, that difference can translate to over ₱4,000 in monthly savings. Nook's service is completely free to borrowers — we're compensated by the bank, not by you. Many borrowers also find it helpful to read real borrower experiences before deciding; our UnionBank housing loan Reddit review roundup surfaces what actual customers have shared about the application process, approval timelines, and surprises along the way.
Whether you're taking out a new UnionBank housing loan or refinancing an existing one, the smartest move is to compare before you sign. Interest rates, processing fees, and repricing terms vary significantly between banks and even between loan officers at the same bank. Nook does that comparison for you — for free — and handles the paperwork from application to approval. Rates are subject to change and final terms will depend on your credit profile and the bank's current offerings, so it pays to check what's available today rather than locking in yesterday's rate.
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's 1-year fixed housing loan rate for 2026 starts at 7.00% p.a. for eligible borrowers. After the fixed period ends, your loan reprices based on the bank's prevailing rate at that time, so it's worth understanding both the initial fixed rate and what the variable rate environment looks like. Always confirm the latest rates directly with UnionBank or through a broker like Nook, as rates are subject to change.
UnionBank accepts applications from a broad range of borrowers including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱30,000, and your total debt-to-income ratio (DTI) must not exceed 50% — meaning your total monthly loan obligations, including the new housing loan, should be no more than half your gross monthly income. Filipino citizens and qualified foreign nationals with eligible Filipino spouses may also apply.
UnionBank's housing loan covers a wide range of purposes: purchasing ready-for-occupancy (RFO) properties, pre-selling units, reselling homes, new construction, renovation, home equity (cash-out), and foreclosed property acquisitions. This flexibility makes UnionBank a practical option for both homebuyers and existing homeowners looking to access equity or improve their property.
Yes — refinancing to UnionBank is one of the options Nook can facilitate, and it's completely free to you as the borrower. Nook compares UnionBank's refinance rates alongside other partner banks to find the best rate you qualify for. If you're currently paying 8% or more on your existing mortgage, refinancing could reduce your monthly payment significantly and save you hundreds of thousands of pesos over the remaining loan term.
UnionBank's 1-year fixed rate of 7.00% p.a. is competitive with the major banks, though BDO, BPI, and Metrobank each have their own rate structures, repricing terms, and eligibility criteria that affect the true cost of borrowing. The best way to compare is side by side on the same loan amount and term — our BDO vs UnionBank housing loan comparison gives you a detailed breakdown. Through Nook, you can get quotes from multiple banks at once without applying separately to each one.
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