UnionBank offers housing loans starting at 7.00% p.a. — but through Nook, you could access rates as low as 5.99% p.a. and save thousands every month. Our service is completely free for borrowers.
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Why this matters
UnionBank is one of the Philippines' most digitally progressive banks, and their housing loan product reflects that — offering competitive fixed rates, flexible loan purposes including refinancing, renovation, and home equity, and accessible income requirements starting at just P30,000 monthly. Whether you're buying a ready-for-occupancy property, pre-selling condo, or looking to tap into your home's equity, UnionBank's housing loan covers a wide range of needs. You can learn more about UnionBank's full housing loan rates and requirements to understand what they currently offer.
That said, having one bank's rate isn't the same as having the best rate. Most Filipino homeowners are paying between 7% and 10% annually on their home loans — often because they accepted the first offer they received or haven't reviewed their mortgage in years. A difference of even 1–2 percentage points on a P3,000,000 loan over 20 years can mean hundreds of thousands of pesos in extra interest paid. If you're already a UnionBank borrower and your fixed-rate period is ending, now is the ideal time to explore your options.
Nook is the Philippines' first digital mortgage broker, and we work with UnionBank alongside a panel of other leading lenders to find you the most competitive rate for your situation. We handle the comparison, paperwork coordination, and bank communication — all at no cost to you. If you're considering switching lenders, our guide on UnionBank housing loan refinancing walks through exactly how the process works and what to expect. Interest rates are subject to change; always verify current 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 currently offers housing loan rates starting at 7.00% p.a. for a 1-year fixed term, which applies to both standard home purchases and home equity loans. Rates may vary depending on your loan amount, term, and borrower profile, so it's worth getting a personalised quote. Through Nook, you can compare UnionBank's rate against other lenders to make sure you're getting the best deal available.
UnionBank requires a minimum monthly income of P30,000 and accepts a wide range of employment types including private employees, government workers, BPO professionals, OFWs and seafarers, self-employed individuals, and licensed professionals. Your debt-to-income ratio must not exceed 50%, meaning your total monthly debt obligations — including the new housing loan payment — should be within half your gross monthly income. You can find a full breakdown of documentary requirements in our UnionBank housing loan requirements guide.
Yes — refinancing to UnionBank is one of the most common requests Nook handles, particularly for borrowers whose fixed-rate period with another bank has just ended and whose rate is resetting higher. UnionBank accepts refinancing as a valid loan purpose and offers competitive rates for qualified borrowers. Nook will assess your current loan, run the numbers, and let you know whether refinancing to UnionBank — or another lender on our panel — makes financial sense for your situation.
UnionBank's housing loan is versatile and covers a broad range of purposes: purchasing foreclosed properties, home equity takeouts, new construction, pre-selling units, ready-for-occupancy homes, renovation financing, and reselling or secondary market purchases. This makes it a solid option whether you're a first-time buyer, a property investor, or an existing homeowner looking to access your equity or fund a renovation project.
Nook acts as a free digital mortgage broker — we compare UnionBank's offer against other lenders on your behalf, help you prepare your documents, and coordinate the application process so you're not dealing with multiple banks on your own. There's no fee charged to borrowers at any stage; Nook earns a referral fee from the bank only if your loan is approved and disbursed. The goal is simple: get you the lowest rate possible with the least amount of hassle.
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