UnionBank offers competitive housing loan rates starting at 7.00% p.a. — but through Nook, qualified borrowers can access 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 — with a competitive 1-year fixed rate of 7.00% p.a., a minimum monthly income requirement of just ₱30,000, and a flexible maximum debt-to-income ratio of 50%. Whether you're buying a ready-for-occupancy unit, financing a renovation, or tapping your home equity, UnionBank accommodates a wide range of loan purposes and borrower profiles including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and professionals. You can learn more about what documents and qualifications you'll need in our UnionBank Housing Loan Requirements & Application Guide 2026.
If you're an existing UnionBank borrower whose fixed-rate period has just repriced — or if you took out your loan when rates were higher — refinancing could unlock significant long-term savings. On a ₱3,000,000 loan with 20 years remaining, moving from 7.00% down to 5.99% saves over ₱1,700 every month. That's real money back in your pocket, compounding over the life of your loan. Nook works with UnionBank and other top Philippine lenders to find you the most competitive rate available, completely free of charge to you as the borrower. For a full breakdown of how UnionBank's rates compare year on year, visit our UnionBank Housing Loan Interest Rates: Complete 2026 Guide.
Applying through Nook means you get the benefit of a licensed mortgage broker who shops multiple banks on your behalf — without paying a single centavo in broker fees. We handle the paperwork coordination, lender negotiations, and rate comparisons so you don't have to. Whether you're applying fresh or refinancing an existing loan, Nook makes the process faster, clearer, and more cost-effective. Interest rates are subject to change; always verify the latest rates with your lender or through Nook 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 housing loan rate of 7.00% p.a., which is among the more competitive rates offered by major Philippine banks. This rate applies to both standard housing loans and home equity facilities. Rates are subject to change, so it's worth checking with Nook or UnionBank directly for the most up-to-date figures.
UnionBank accepts applications from a broad range of borrower types including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱30,000, and your total monthly debt obligations must not exceed 50% of your gross monthly income. Both Filipino citizens and certain qualified foreign nationals may be eligible depending on the loan purpose.
UnionBank's housing loan can be used for a wide range of purposes: purchasing a ready-for-occupancy (RFO) property, buying a pre-selling unit, acquiring foreclosed properties, home renovation, new construction, reselling, and home equity or cash-out refinancing. This flexibility makes it suitable for both first-time buyers and existing homeowners looking to leverage their property's value.
Yes — refinancing to UnionBank is one of the most popular options for borrowers whose current loan rates have become uncompetitive after repricing. Through Nook, you can apply to refinance with UnionBank at no cost, and Nook will also compare rates across other partner banks to ensure you're getting the best deal available. Learn more about the process on our UnionBank Housing Loan Refinance page.
Nook is the Philippines' first digital mortgage broker, and yes — the service is 100% free for borrowers. Nook earns a referral fee from the bank when your loan is approved, so you never pay a broker fee out of pocket. Nook compares rates across multiple lenders, helps you prepare your documents, and guides you through the application process from start to finish.
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