UnionBank offers competitive housing loan rates starting at 7.00% p.a. — but Nook can help you compare all banks and potentially 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 advanced banks, and its housing loan product reflects that — offering competitive rates, flexible loan purposes, and accessible income requirements starting at just P30,000 per month. Whether you're buying a ready-for-occupancy unit, financing a renovation, or looking at a home equity loan, UnionBank covers a wide range of needs. Their 1-year fixed rate of 7.00% p.a. is among the more competitive offerings in the market, and they accept borrowers from a broad range of employment types including private employees, government workers, BPO staff, OFWs, seafarers, self-employed professionals, and more. You can learn more about eligibility and documents in our UnionBank housing loan requirements guide.
That said, 7.00% isn't the lowest rate available in the Philippine market today. Nook is a free digital mortgage broker that shops multiple banks simultaneously — including UnionBank — to find you the best possible rate for your specific profile. If you currently have a home loan with another bank at 8%, 9%, or even higher, refinancing through Nook could save you tens of thousands of pesos every year. On a 3,000,000 loan over 20 years, dropping from a typical older rate to 5.99% p.a. can mean substantial savings over the life of your loan. See how your current rate stacks up with our complete guide to UnionBank housing loan interest rates.
The best part? Nook's service is completely free to borrowers. There are no broker fees, no hidden charges, and no obligation to proceed. You simply fill out one application, and Nook's team handles the bank comparisons and paperwork on your behalf. Whether UnionBank turns out to be the best fit for you or another partner bank offers a sharper rate, you win either way. Interest rates are subject to change — we always recommend verifying current rates directly with Nook or your chosen bank before making any financial decisions.
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. and a home equity rate also starting at 7.00% p.a. These are among the more competitive rates available from Philippine banks, though rates are subject to change — always confirm the latest rates with UnionBank or through Nook before applying.
UnionBank requires a minimum monthly income of P30,000 for housing loan applicants. They accept a wide range of employment types including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. Your maximum debt-to-income ratio (DTI) must not exceed 50%, meaning your total monthly debt payments should be no more than half your gross monthly income.
UnionBank housing loans can be used for a variety of purposes including purchasing ready-for-occupancy (RFO) properties, pre-selling units, reselling homes, new construction, renovation projects, foreclosed properties, and home equity loans. This flexibility makes UnionBank a strong option for both first-time buyers and existing homeowners looking to leverage their property's value.
Yes — if you currently have a home loan with BDO, BPI, Metrobank, or any other bank, Nook can help you explore whether refinancing to UnionBank or another partner bank makes financial sense. Nook will compare rates across multiple lenders and handle the application process on your behalf, completely free of charge. Check out our UnionBank refinance guide to understand the process and potential savings.
Applying through Nook gives you a significant advantage: instead of evaluating just one bank's offer, Nook compares UnionBank's rates alongside all other partner banks to ensure you're getting the most competitive deal for your profile. There is no additional cost to you — Nook is paid by the bank, not the borrower — so you get expert guidance and broader market access at zero extra cost.
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