UnionBank offers housing loans starting at 7.00% p.a. — but through Nook, you could access rates as low as 5.99% p.a. across multiple Philippine banks, completely free.
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Why this matters
UnionBank is a well-regarded digital-forward bank in the Philippines, and its housing loan product is genuinely competitive — with rates starting at 7.00% p.a. for a 1-year fixed period and flexible options for employed professionals, OFWs, self-employed individuals, and even BPO workers. If you're exploring a new home purchase, construction, or a UnionBank housing loan refinance, it's a strong option worth considering. Minimum monthly income requirement starts at just P30,000, making it accessible to a wide range of Filipino borrowers.
That said, the smart move is never to apply to just one bank. Interest rates, approval speed, and loan terms vary significantly across lenders — and what works best for your income, property type, and loan size may differ from the next borrower. Nook is the Philippines' first digital mortgage broker, and we compare UnionBank alongside BDO, BPI, Security Bank, Metrobank, and more to find you the lowest rate you actually qualify for. Our service is 100% free to you — we're paid by the banks, not the borrowers.
For a full breakdown of what UnionBank requires and how its rates stack up year by year, see our complete 2026 guide to UnionBank housing loan interest rates. Whether you're buying your first home or refinancing an existing loan, Nook's team of mortgage specialists will handle the paperwork, bank negotiations, and follow-ups on your behalf — so you can focus on what matters. Please note that interest rates are subject to change; always verify current rates 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 period, including their Home Equity product. Rates may vary depending on your loan amount, term, and borrower profile, so it's worth comparing across multiple banks before committing. Nook can check your eligibility across all major Philippine lenders for free.
UnionBank accepts applications from a wide range of borrowers including private and government employees, BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is P30,000, and your total debt-to-income ratio must not exceed 50%. This makes UnionBank one of the more accessible home loan options in the Philippines.
UnionBank's housing loan can be used for purchasing ready-for-occupancy (RFO) or pre-selling properties, reselling homes, new construction, renovation, home equity, and even foreclosed property acquisitions. This flexibility makes it suitable for a broad range of real estate goals. If you're unsure which purpose category fits your situation, Nook's mortgage specialists can guide you.
If you're currently paying above 7.00% p.a. on your home loan, refinancing could reduce your monthly payments and total interest significantly. However, UnionBank is just one of many lenders Nook works with, and the best refinance deal depends on your specific loan balance, remaining term, and financial profile. Nook compares all options for free so you don't have to apply blind.
Nook submits your application to multiple Philippine banks simultaneously — including UnionBank — and presents you with the best offers based on your profile. You pay nothing for this service; Nook earns a referral fee from the bank you choose, not from you. It's the fastest and most cost-effective way to find the lowest housing loan rate you qualify for in 2026.
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