UnionBank offers competitive housing loan rates starting at 7.00% p.a. — but through Nook, you could refinance and access rates as low as 5.99% p.a., saving thousands every year at zero cost to you.
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Why this matters
UnionBank is one of the Philippines' most digitally forward banks, and its housing loan product reflects that — with accessible income requirements starting at just P30,000 per month, a flexible maximum debt-to-income ratio of 50%, and loan purposes that cover everything from ready-for-occupancy units and pre-selling condos to home equity, renovation, and new construction. Whether you're employed in the private sector, working for the government, in the BPO industry, an OFW, a seafarer, or self-employed, UnionBank's housing loan is designed to accommodate a wide range of Filipino borrowers. You can learn more about eligibility and required documents in our UnionBank housing loan requirements guide.
UnionBank's 1-year fixed rate currently stands at 7.00% p.a. — a fair starting point, but for many homeowners who took out their loan several years ago at rates of 8%, 9%, or higher, this represents a meaningful opportunity to refinance and lock in a lower rate. Through Nook, the Philippines' first digital mortgage broker, you can compare UnionBank's rates alongside other leading banks in minutes — and if a better deal is available, Nook will help you apply for it, completely free. Our full breakdown of rates, terms, and how to apply is covered in our UnionBank housing loan refinance guide.
Nook works with UnionBank and a panel of other top Philippine lenders to find you the most competitive home loan rate based on your profile. There are no broker fees, no hidden charges, and no obligation — just a smarter way to make sure you're not overpaying on one of the biggest financial commitments of your life. Interest rates are subject to change; always verify the latest rates directly with the bank 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's current 1-year fixed housing loan rate is 7.00% p.a., and its home equity loan rate is also 7.00% p.a. These rates are among the more competitive in the Philippine market, though rates are subject to change and you should confirm the latest figures directly with UnionBank or through Nook before applying.
UnionBank accepts applications from a broad range of borrowers including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is P30,000, and your total monthly debt obligations should not exceed 50% of your gross monthly income.
UnionBank's housing loan covers a wide range of purposes: purchasing a ready-for-occupancy (RFO) property, buying a pre-selling unit, home construction, renovation, home equity (cash-out), and acquiring foreclosed properties. This flexibility makes it a strong option for both first-time buyers and existing homeowners looking to tap into their property's equity.
Yes — if you currently have a housing loan with another bank at a higher rate, you may be able to refinance to UnionBank or another Nook partner bank at a lower rate. Nook will compare options across its panel of lenders and handle your application at no cost to you, so you always get the best available deal for your profile.
Nook is a digital mortgage broker that compares housing loan rates across multiple Philippine banks on your behalf, then guides you through the full application process. Nook's service is 100% free to borrowers — Nook earns a referral fee from the bank if your loan is successfully processed, meaning you pay nothing extra and may end up with a significantly lower rate than applying directly.
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