UnionBank offers housing loan rates from 7.00% p.a. — but through Nook, qualified borrowers can access rates as low as 5.99% p.a. Compare your options in minutes, for free.
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Why this matters
UnionBank is one of the Philippines' most digitally progressive banks, and its housing loan product reflects that — offering competitive fixed rates starting at 7.00% p.a. for a 1-year fixed period, with flexible loan purposes including RFO purchases, pre-selling units, home renovation, new construction, and home equity. Eligibility is accessible too: UnionBank accepts a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals, with a minimum monthly income requirement of just ₱30,000 and a maximum debt-to-income ratio of 50%. If you're considering a UnionBank housing loan, you can review the full UnionBank housing loan requirements and application guide to understand what documents you'll need and whether you qualify.
That said, if you already have an existing home loan — whether with UnionBank or another lender — it's worth asking whether your current rate is still competitive. Most Filipino homeowners are paying between 7% and 10% on their mortgage, often on repricing schedules that haven't been revisited in years. Nook is the Philippines' first digital mortgage broker, and our job is to find you the lowest available rate across multiple lenders — including UnionBank — at absolutely no cost to you. On a ₱3,000,000 loan, moving from 7.00% to 5.99% could save you over ₱2,000 every single month. For a deeper look at how UnionBank compares as a refinancing option, see our UnionBank housing loan refinance guide.
Whether you're a first-time buyer evaluating UnionBank's housing loan, or an existing borrower wondering if you're on the best rate available, Nook gives you a transparent, unbiased view of the market. We handle the paperwork, coordinate with lenders, and guide you through the entire process — from initial rate comparison to loan release. There are no broker fees, no hidden charges, and no obligation to proceed. Interest rates are subject to change; always verify the latest rates directly with the bank or through Nook before making a decision.
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 housing loan interest rate starts at 7.00% p.a. for a 1-year fixed period, as well as for home equity loan purposes. Rates are subject to change and may vary based on your loan amount, term, and borrower profile — it's always best to confirm the latest rates with UnionBank directly or by applying through Nook, where we can compare live offers across multiple lenders.
UnionBank accepts a broad range of borrower profiles including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱30,000, and your total debt obligations must not exceed 50% of your gross monthly income. You can review the full eligibility criteria in our UnionBank housing loan requirements guide for 2026.
UnionBank's housing loan can be used for a wide range of purposes: purchasing a ready-for-occupancy (RFO) or pre-selling property, home renovation, new construction, reselling, foreclosed properties, and home equity or cash-out refinancing. This flexibility makes it a strong option for both buyers and existing homeowners looking to unlock equity or fund improvements.
Yes — if you have an existing mortgage with any bank and want to explore whether UnionBank or another lender can offer you a lower rate, Nook can assess your situation and submit your application to the most competitive option available. Our service is completely free for borrowers, and we handle the coordination with the bank on your behalf. You can start by submitting your details on our website for a no-obligation rate check.
The savings depend on your outstanding loan balance, remaining term, and the rate difference between your current loan and what you can qualify for. On a ₱3,000,000 loan with 20 years remaining, moving from 7.00% to 5.99% reduces your monthly payment by approximately ₱2,288 — that's over ₱27,000 saved in the first year alone. Use Nook's free calculator to estimate your own potential savings based on your actual loan details.
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