UnionBank offers a competitive 7.00% fixed rate for housing loans — but if you're on an older repriced rate, you could be paying significantly more. Nook can help you refinance for free and find the best rate available today.
YOUR POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
UnionBank is one of the Philippines' most digitally progressive banks, and their housing loan product reflects that — with a 1-year fixed rate starting at 7.00% p.a. and a Home Equity option also at 7.00%. They accept a wide range of borrowers including private and government employees, BPO workers, OFWs, seafarers, self-employed professionals, and more, with a minimum monthly income requirement of just ₱30,000 and a maximum debt-to-income ratio of 50%. Whether you're buying a ready-for-occupancy unit, a pre-selling property, or planning a renovation or new construction, UnionBank's loan purposes cover the full spectrum of homeownership needs. You can learn more about eligibility in our UnionBank Housing Loan Requirements & Application Guide 2026.
However, many existing UnionBank borrowers — or those currently with another bank — find themselves stuck on a rate that's crept up after their fixed period ended. It's not uncommon to be paying 8%, 9%, or even 10% per annum after repricing, especially on loans taken out several years ago. On a ₱3,000,000 loan, the difference between 9.00% and 5.99% translates to over ₱4,000 per month in unnecessary interest payments. Refinancing your home loan is one of the most impactful financial decisions you can make, and it costs you nothing when you apply through Nook. If you're considering switching, our UnionBank Housing Loan Refinance guide walks you through exactly how the process works.
Nook is the Philippines' first digital mortgage broker, and our service is completely free for borrowers. We compare rates across multiple partner banks — including UnionBank — and match you with the best offer for your profile. There are no hidden fees, no pressure, and no obligation. Interest rates are subject to change; always verify the latest figures directly with the bank or through Nook before making a decision. If you want a comprehensive overview of UnionBank's current offerings, check out our UnionBank Housing Loan 2026 full guide covering rates, requirements, and how to apply.
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. for standard housing loans, and the same rate applies to their Home Equity loan product. These rates are competitive within the Philippine market, but they are subject to change — always confirm the latest rate with UnionBank directly or through Nook before applying.
UnionBank accepts a broad range of borrowers including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of ₱30,000 and a total debt-to-income ratio of no more than 50%, meaning your total monthly debt obligations — including the new loan — should not exceed half your gross monthly income.
UnionBank's housing loan can be used for a wide variety of purposes: purchasing a ready-for-occupancy (RFO) or pre-selling property, reselling, new construction, renovation, acquiring foreclosed properties, or taking out a home equity loan against an existing property. This makes it a flexible option for both first-time buyers and existing homeowners.
That depends on your current rate and remaining loan balance. If you're paying above 7.00% p.a., there may be meaningful savings available — either by refinancing into UnionBank or by switching to another bank offering an even lower rate. Nook compares offers from multiple banks simultaneously, so you'll always see the best available deal for your specific profile, completely free of charge.
Nook is a licensed mortgage broker that works with UnionBank and other Philippine banks to help borrowers find the most competitive home loan rates. You submit your details once, and Nook handles the comparison, coordination, and application process on your behalf — at zero cost to you. Banks pay Nook a referral fee, so the service is completely free for borrowers.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →