UnionBank offers housing loan rates starting at 7.00% p.a. — but if you're on an older repriced rate, you could be paying far more. Nook compares UnionBank alongside every major bank so you always know if a better deal exists.
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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, streamlined online applications, and flexible loan purposes ranging from ready-for-occupancy units and pre-selling condos to home equity and renovation loans. For 2026, UnionBank's 1-year fixed rate stands at 7.00% p.a., with the same rate applying to home equity loans. Minimum monthly income requirement is ₱30,000, and the bank accepts a wide range of borrower profiles including private employees, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals. You can learn more about eligibility in our UnionBank housing loan requirements guide.
Where many homeowners run into trouble is at repricing time. When your initial fixed-rate period ends — typically after 1, 2, or 3 years — your bank will offer a new rate based on prevailing market conditions. If you simply accept the repriced rate without shopping around, you may end up paying significantly more than necessary. For example, a borrower on a ₱3,000,000 loan at 9.00% p.a. pays roughly ₱26,992 per month. Refinancing to 5.99% p.a. through Nook could bring that down to around ₱22,966 — a saving of over ₱4,000 every month. That's money that could go toward your family, investments, or paying down your principal faster. Interest rates are subject to change, so always verify current rates before committing.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work with UnionBank and a wide network of partner banks to find you the most competitive rate for your specific situation — whether you're buying a new property or looking to refinance your existing UnionBank housing loan. Rather than applying to each bank individually and triggering multiple credit checks, you submit one set of documents through Nook and we handle the rest. It's the smarter, faster way to secure a home loan in 2026.
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 is 7.00% p.a. for 2026, and the same rate applies to home equity loans. Rates are subject to change based on market conditions, so it's worth verifying the latest figures directly with the bank or through a broker like Nook before you apply.
UnionBank accepts borrowers from a broad range of employment backgrounds, including private company employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱30,000, and your total debt obligations should not exceed 50% of your gross monthly income. See our full UnionBank eligibility and documents guide for details.
UnionBank covers a wide range of loan purposes including the purchase of ready-for-occupancy (RFO) units, pre-selling properties, reselling homes, new construction, renovation projects, and home equity loans. This flexibility makes UnionBank a strong option whether you're buying your first home or tapping into your existing property's value.
Nook acts as your mortgage broker, comparing UnionBank's rates against other major Philippine banks to find you the best available deal — at no cost to you. You submit your documents once, and Nook handles the bank comparisons, application coordination, and negotiation on your behalf. This saves you time and ensures you're not leaving money on the table at repricing time.
Generally, refinancing makes the most financial sense when you have at least 10 or more years remaining on your loan, as the monthly savings compound significantly over time. That said, every situation is different — if your remaining balance is large or your current rate is significantly above market, refinancing can still deliver meaningful savings even with a shorter remaining term. Nook can run a free calculation to help you decide.
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