UnionBank offers competitive housing loan rates starting at 7.00% p.a. — but through Nook, eligible borrowers can access rates as low as 5.99% p.a. and save 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 — with a competitive 1-year fixed rate of 7.00% p.a., a minimum monthly income requirement of just ₱30,000, and support for a wide range of loan purposes including ready-for-occupancy properties, pre-selling units, renovation, home equity, and new construction. Whether you're a private employee, government worker, BPO professional, OFW, or self-employed, UnionBank has a housing loan structure designed to fit your situation. You can learn more about eligibility in our UnionBank Housing Loan Requirements & Application Guide 2026.
If you already have a housing loan — with UnionBank or another bank — refinancing could be one of the smartest financial moves you make this year. Most Filipino homeowners are still paying rates between 7% and 10%, locked in during a higher-rate environment. By refinancing to 5.99% p.a. through Nook, a borrower with a ₱3,000,000 outstanding balance on a 20-year term could reduce their monthly payment significantly and save hundreds of thousands over the life of the loan. For a full breakdown of what UnionBank charges across different fixing periods, see our UnionBank Housing Loan Interest Rates: Complete 2026 Guide.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We compare rates across multiple partner banks — including UnionBank — and handle the paperwork so you don't have to. There's no obligation to proceed, and no cost to find out how much you could save. Please note that interest rates are subject to change; we recommend verifying current rates directly with your lender or through Nook before making any financial decisions.
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 housing loan rate of 7.00% p.a., which also applies to their Home Equity loan product. Rates are subject to repricing after the fixed period ends, so it's worth reviewing your options before your next repricing date. Nook can help you compare this against other lenders at no cost.
UnionBank accepts applications from a broad range of borrowers, including private employees, government workers, BPO professionals, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱30,000, and your total debt-to-income ratio must not exceed 50%. Age, loan purpose, and property type may also affect eligibility.
UnionBank housing loans can be used for a wide range of purposes: purchasing ready-for-occupancy or pre-selling properties, reselling units, new construction, renovation, foreclosed properties, and home equity (loan against an existing property). This flexibility makes it a strong option for both homebuyers and existing homeowners looking to unlock equity.
Yes, both are possible. If you're paying a higher rate with another bank, you may be able to refinance to UnionBank and benefit from their 7.00% p.a. rate. Alternatively, if you already have a UnionBank loan and want to explore lower rates, Nook can check whether another partner bank can offer you a better deal. Our UnionBank Housing Loan Refinance guide walks you through both scenarios.
Savings depend on your outstanding balance, remaining term, and current interest rate. As an example, a borrower with a ₱3,000,000 loan on a 20-year term refinancing from 7.00% to 5.99% p.a. could save over ₱2,000 per month and more than ₱400,000 over the life of the loan. Use Nook's free calculator to get a personalised estimate based on your actual loan details.
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