UnionBank offers competitive housing loan rates starting at 7.00% p.a. — but through Nook, you may qualify for rates as low as 5.99% p.a., potentially saving you thousands every month.
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Why this matters
UnionBank is one of the Philippines' most digitally advanced banks, and its housing loan product reflects that — offering a streamlined application process, flexible loan purposes, and competitive fixed rates. For 2026, UnionBank's 1-year fixed rate stands at 7.00% p.a., which applies to a wide range of loan purposes including Ready For Occupancy (RFO) properties, reselling, renovation, new construction, pre-selling, foreclosed properties, and home equity. The bank accepts borrowers from diverse employment backgrounds including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals — with a minimum monthly income requirement of just ₱30,000 and a maximum debt-to-income ratio of 50%. If you're exploring your options, our UnionBank Housing Loan Requirements & Application Guide 2026 covers everything you need to prepare before you apply.
While UnionBank's 7.00% rate is already among the more competitive offerings in the market, many Filipino homeowners are still carrying older home loans at rates between 8% and 10% — often simply because they haven't explored refinancing. If your current loan was taken out two or more years ago, there's a strong chance you're paying significantly more than you need to. Refinancing through Nook means you can compare UnionBank's rate alongside other partner banks to find the best deal for your specific financial profile, all at zero cost to you. Nook's service is completely free for borrowers — we're compensated by the banks, not by you. Learn more about how switching could work in your favour on our UnionBank Housing Loan Refinance page.
To put this in concrete terms: on a ₱3,000,000 loan with 20 years remaining, refinancing from 8.50% down to 5.99% reduces your monthly payment by over ₱3,000. Over the life of the loan, that adds up to more than ₱550,000 in total interest savings. Whether you're already with UnionBank or considering them as your new lender, Nook can help you lock in the lowest available rate with minimal paperwork and no broker fees. Please note that interest rates are subject to change — we recommend verifying current rates at the time of your application.
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 is 7.00% p.a., which also applies to home equity loans. This rate is available for a broad range of loan purposes and borrower types. Rates are subject to change, so it's best to confirm the latest figures when you're ready to apply.
UnionBank accepts applications from private employees, government workers, BPO staff, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱30,000, and your total monthly debt obligations must not exceed 50% of your gross monthly income. You can check the full eligibility criteria in our UnionBank Housing Loan Requirements guide.
UnionBank's housing loan covers a wide range of purposes: purchase of RFO and pre-selling properties, reselling, new construction, renovation, home equity (cash-out), and even foreclosed property acquisitions. This makes it one of the more flexible bank offerings in the market. Each purpose may come with slightly different documentation requirements.
Yes — if you currently have a home loan with another bank and are paying a higher interest rate, you can refinance to UnionBank (or another Nook partner bank) to reduce your monthly payments. Nook will assess your profile and match you with the bank offering the best rate for your situation. The entire broker service is free for borrowers.
The savings depend on your loan balance, remaining term, and current rate, but the difference can be substantial. On a ₱3,000,000 loan with 20 years remaining, switching from 8.50% to 5.99% saves approximately ₱3,069 per month and over ₱550,000 in total interest. Use Nook's free refinancing assessment to get a personalised savings estimate based on your actual loan details.
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