UnionBank offers a 1-year fixed rate of 7.00% p.a. — but through Nook, eligible homeowners can refinance to as low as 5.99% p.a. and save thousands every month. Our service is 100% 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 term. With a minimum monthly income requirement of just 30,000 and a generous 50% maximum debt-to-income ratio, UnionBank accommodates a wide range of borrowers including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed. Their loan programs cover ready-for-occupancy homes, pre-selling properties, reselling, renovation, home equity, new construction, and even foreclosed assets. For a full breakdown of what you'll need to prepare, see our UnionBank housing loan requirements and application guide.
While UnionBank's rates are genuinely competitive, your current mortgage rate may have been fixed years ago — when market conditions were very different. Many Filipino homeowners are still locked into rates of 8%, 9%, or even higher. Refinancing through Nook could move you onto a rate as low as 5.99% p.a., which on a 3,000,000 loan with a 20-year remaining term translates to monthly savings of over 2,300 and more than 414,000 saved over the life of the loan. If you want to understand exactly how UnionBank structures its pricing, our complete 2026 guide to UnionBank housing loan interest rates walks through every fixed-rate period in detail.
Nook is the Philippines' first digital mortgage broker, and we work with UnionBank alongside other leading lenders to find you the lowest rate you qualify for — without charging you a single peso for the service. We handle the comparison, paperwork coordination, and bank communication on your behalf, so you get a faster, less stressful path to a better deal. Whether you're an existing UnionBank borrower looking to refinance or a new applicant comparing your options, Nook gives you access to the full market in one place. Note that interest rates are subject to change; always verify current rates with your chosen lender before proceeding.
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. on its standard housing loan, and the same 7.00% rate applies to its home equity loan product. Rates are subject to change, so it's worth checking the latest figures directly with the bank or through Nook before you apply.
UnionBank accepts applications from a broad range of borrowers, including private and government employees, BPO workers, 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 that doesn't exceed 50%.
UnionBank's housing loan covers a wide range of property purposes including ready-for-occupancy homes, pre-selling units, reselling transactions, new construction, renovation projects, home equity, and even foreclosed properties. This makes it one of the more flexible options among Philippine banks.
Yes — if you're an existing UnionBank borrower whose fixed-rate period has ended or is about to end, refinancing is one of the best ways to reduce your monthly repayment. Nook will compare UnionBank's refinance rate against other lenders and help you apply for the best deal at no cost to you. You can learn more in our guide to UnionBank housing loan refinancing.
On a 3,000,000 loan with 20 years remaining, moving from UnionBank's standard 7.00% rate to Nook's lowest available rate of 5.99% p.a. saves approximately 2,303 per month — that's over 27,000 a year and more than 414,000 across the remaining loan term. Use Nook's free calculator to get a personalised estimate based on your actual balance and remaining term.
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