UnionBank offers competitive housing loan rates starting at 7.00% p.a. — but through Nook, you could refinance to as low as 5.99% p.a. and save thousands every month.
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Why this matters
UnionBank is one of the Philippines' most digitally progressive banks, and their housing loan product reflects that — with accessible income requirements starting at P30,000 monthly, a maximum debt-to-income ratio of 50%, and loan purposes covering everything from ready-for-occupancy units and pre-selling condos to home equity, renovation, and new construction. Their 1-year fixed rate of 7.00% p.a. is competitive within the Philippine market, making them a solid option for first-time homebuyers and seasoned property investors alike. You can learn more about eligibility and documents in our UnionBank housing loan requirements guide.
However, even a small difference in interest rate can translate into significant long-term savings. On a P3,000,000 loan over 20 years, moving from 7.00% to 5.99% reduces your monthly amortisation and frees up real money each month — money that could go toward your children's education, emergency savings, or simply a better quality of life. If your current loan is already with UnionBank, or you're considering refinancing from another bank into UnionBank, it's worth comparing all available options before committing. For a detailed breakdown of what UnionBank currently charges across different fixing periods, see our UnionBank housing loan interest rates guide.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work with multiple partner banks — including UnionBank — to find you the lowest rate you actually qualify for, without the paperwork headaches of applying bank by bank. Whether you're a salaried employee, an OFW, a self-employed professional, or a government worker, Nook can match you to the right lender and guide you through every step of the refinancing process. Interest rates are subject to change — we always recommend verifying current rates directly before finalising any loan 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 rate of 7.00% p.a. on their standard housing loan product, which also applies to their home equity loan option. Rates may change over time, so it's important to confirm the current offering directly with UnionBank or through a broker like Nook before proceeding.
UnionBank accepts applications from a wide range of borrowers including private employees, government workers, BPO employees, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is P30,000, and your total debt obligations should not exceed 50% of your gross monthly income.
UnionBank's housing loan covers a broad range of property purposes including the purchase of ready-for-occupancy (RFO) homes, pre-selling properties, reselling of existing units, new construction, home renovation, and home equity loans. This flexibility makes it suitable for both first-time buyers and homeowners looking to leverage existing property.
Yes to both. You can refinance an existing home loan from another bank into UnionBank if their terms suit your needs, or if you're already with UnionBank and want a lower rate, Nook can help you explore other partner banks offering rates as low as 5.99% p.a. Our UnionBank refinancing guide walks through how this process works and what to expect.
Nook's service is 100% free to borrowers — there are no broker fees, no consultation charges, and no hidden costs on our end. We're compensated by the partner banks when a loan is successfully processed, which means you get access to multiple lenders and expert guidance at no cost to you.
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