UnionBank offers competitive housing loan rates starting at 7.00% p.a. — but through Nook, you could access refinance rates as low as 5.99% p.a. and save thousands every year.
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Why this matters
UnionBank is one of the Philippines' most digitally advanced banks, and its housing loan product reflects that — offering flexible terms, accessible income requirements (minimum monthly income of just P30,000), and a 1-year fixed rate starting at 7.00% p.a. Whether you're purchasing a ready-for-occupancy unit, funding a renovation, or looking to tap your home equity, UnionBank supports a wide range of loan purposes including pre-selling, new construction, reselling, and foreclosed properties. You can learn more about eligibility criteria in our UnionBank housing loan requirements guide.
If you already have a UnionBank housing loan — or any home loan in the Philippines — it's worth checking whether you're still on the most competitive rate available. Many Filipino homeowners are paying between 7.5% and 10% on loans that repriced years ago and were never reviewed. Refinancing through Nook means we do the legwork of comparing rates across multiple partner banks, including UnionBank, at absolutely zero cost to you. Our UnionBank housing loan calculator can help you estimate your current payments and see what you could save.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free for borrowers. We submit your application to the right lender, negotiate on your behalf, and guide you through every step of the process. With refinance rates as low as 5.99% p.a. now available, there's never been a better time to review your home loan. Note: Interest rates are subject to change — always verify current rates before making a decision.
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 starting at 7.00% p.a. for both standard housing loans and home equity loans. Rates may vary depending on your loan amount, term, and credit profile, so it's always worth confirming the latest rates directly or through a broker like Nook. For a full breakdown, see our UnionBank housing loan interest rates guide.
UnionBank accepts a broad range of borrower profiles including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals. The minimum monthly income requirement is P30,000, and your total debt-to-income ratio must not exceed 50%. Full eligibility details are covered in our UnionBank housing loan requirements guide.
Yes — if your current rate has repriced upward or you originally locked in at a higher rate, refinancing can significantly reduce your monthly payments. Through Nook, you can refinance your UnionBank loan with UnionBank itself or switch to another partner bank offering a better rate. Nook's refinance service is completely free for borrowers.
UnionBank's housing loan covers a wide range of purposes: purchasing ready-for-occupancy (RFO) or pre-selling properties, reselling transactions, new construction, home renovation, home equity (cash-out), and foreclosed property acquisitions. This makes it a versatile option whether you're buying your first home or unlocking equity in a property you already own.
Yes, completely free. Nook earns a referral fee from the bank when your loan is successfully processed — you pay nothing for our service. We compare rates across multiple lenders, handle your paperwork, and advocate for you throughout the application process, all at zero cost to you as the borrower.
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