UnionBank offers competitive housing loan rates starting at 7.00% p.a. — but if you're already paying more, Nook can help you refinance to as low as 5.99% p.a. for free.
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Why this matters
UnionBank is one of the Philippines' most digitally forward banks, and its housing loan products reflect that — with competitive fixed rates starting at 7.00% p.a. for a 1-year fixed period, accessible income requirements (minimum monthly income of just ₱30,000), and a maximum debt-to-income ratio of 50%. UnionBank accepts a wide range of borrower profiles, including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. Whether you're buying a ready-for-occupancy home, a pre-selling unit, or planning a renovation or new construction, UnionBank's housing loan covers a broad set of loan purposes. You can review the full UnionBank housing loan requirements and application guide to understand exactly what documents and eligibility criteria apply to your situation.
If you already have an existing home loan — whether with UnionBank or another bank — and your current rate is above 7%, it's worth comparing what's available in the market today. Through Nook, the Philippines' first digital mortgage broker, you can apply to multiple lenders including UnionBank in a single process, completely free of charge. Nook's platform is designed to find you the lowest rate you qualify for, and our team handles the paperwork and bank coordination on your behalf. Many Filipino homeowners are still paying between 8% and 10% on loans originated several years ago, which means they could be saving thousands of pesos every single month by refinancing. For a deeper look at how UnionBank stacks up against current market rates, see our UnionBank housing loan refinance guide.
To get the most out of your UnionBank housing loan application — or any refinancing decision — it pays to be prepared. Gather your latest payslips or income documents, a recent Statement of Account from your existing lender if you're refinancing, and your property title or contract to sell. Nook's advisors can walk you through the process step by step, help you compare offers side by side, and submit your application to UnionBank and other partner banks simultaneously. There are no broker fees, no hidden charges, and no obligation to proceed. Interest rates are subject to change; always verify the latest rates directly with UnionBank or through Nook before making a financial 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 available from Philippine banks in 2026. Rates are subject to repricing after the fixed period ends, so it's important to understand the full loan structure before committing. Through Nook, you can compare UnionBank's rate against other lenders to ensure you're getting the best deal.
UnionBank accepts borrowers from a wide range of employment backgrounds, including private-sector employees, government workers, BPO professionals, 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. Filipino citizens and qualifying non-resident Filipinos (such as OFWs) are generally eligible to apply.
UnionBank's housing loan covers a broad set of purposes: purchasing a ready-for-occupancy (RFO) property, buying a pre-selling unit, reselling a property, home equity (cash-out), renovation, new construction, and even acquiring foreclosed properties. This flexibility makes UnionBank a practical choice for a wide range of real estate transactions across the Philippines.
When you apply through Nook, a licensed mortgage broker, your application is submitted to multiple partner banks — including UnionBank — at the same time, so you can compare offers and choose the best rate and terms for your needs. Nook's service is completely free to borrowers; there are no broker fees or hidden charges. You also get a dedicated advisor who guides you through documentation, eligibility checks, and bank follow-ups.
Yes — if you have an existing home loan with another bank and your current interest rate is higher than what UnionBank or other Nook partner banks are offering, refinancing could save you a significant amount every month. Nook will assess your current loan balance, remaining term, and income to find the most competitive refinance rate available to you. Many borrowers save tens of thousands of pesos annually simply by switching to a lower rate through Nook's free service.
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