UnionBank offers competitive housing loan rates — but are you getting the best rate available? Nook compares UnionBank and top PH banks so you can refinance for free and save significantly every month.
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Why this matters
UnionBank is one of the Philippines' most digitally advanced banks, and its housing loan products reflect that — offering competitive fixed rates, flexible repayment terms, and a streamlined application experience. UnionBank's current 1-year fixed rate starts at 7.00% p.a., making it one of the more accessible options for homebuyers and refinancers alike. Eligible borrowers include salaried employees in private or government sectors, BPO workers, OFWs, seafarers, self-employed professionals, and more — with a minimum monthly income requirement of just P30,000.
But even if you already have a UnionBank housing loan, there's a strong chance you're still on an older, higher rate from a previous fixing period. Many Filipino homeowners with loans taken out between 2018 and 2023 are paying rates of 8% to 10% or more — sometimes without realising that refinancing is an option. Through Nook, you can check whether refinancing to a lower rate (currently as low as 5.99% p.a.) makes sense for your situation, at zero cost to you.
Nook is the Philippines' first digital mortgage broker. We work with UnionBank and a panel of top PH banks to find you the most competitive refinance rate based on your loan size, remaining term, and income profile. Our service is completely free — banks pay us a referral fee, so you never pay a single peso for our advice. Whether you're looking to take out a new UnionBank housing loan or refinance an existing one, Nook helps you make a smarter, faster decision. Note: interest rates are subject to change — always verify the latest rates directly with the bank or through Nook before applying.
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 current 1-year fixed housing loan rate starts at 7.00% p.a. as of 2026. Rates may vary depending on loan amount, term, and borrower profile, and are subject to change — Nook recommends verifying the latest rates before applying.
UnionBank accepts applications from a wide range of employment types, including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and professionals. The minimum monthly income requirement is P30,000, and your total debt obligations should not exceed 50% of your gross monthly income.
Yes — Nook can help you refinance your existing home loan to UnionBank or to any of our partner banks, whichever offers the best rate for your profile. Our refinancing service is 100% free to borrowers, and we handle the comparison and coordination on your behalf.
Savings depend on your outstanding loan balance, remaining term, and the rate gap between your current loan and the best available refinance rate. For example, on a P3,000,000 loan with 20 years remaining, switching from 9.40% to 5.99% p.a. could save you over P6,300 per month — or more than P1,500,000 over the life of the loan.
UnionBank's housing loan can be used for a variety of purposes including purchasing a ready-for-occupancy (RFO) property, pre-selling units, reselling properties, new construction, renovation, foreclosed property acquisition, and home equity or multi-purpose loans. Nook can help you determine which product and bank best fits your specific purpose.
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