If you have an existing UnionBank housing loan, you could be paying more than you need to. Refinancing through Nook could save you thousands of pesos every month — and our service is completely free.
POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
UnionBank is one of the Philippines' most trusted digital banks, and many Filipino homeowners have existing housing loans with them. But if your loan was taken out a few years ago, there's a good chance your interest rate has drifted above what's available in the market today. UnionBank's current housing loan interest rates may already be competitive — but refinancing through Nook could unlock rates as low as 5.99% p.a. by matching you with the right bank for your profile, which may or may not be UnionBank itself.
Nook is the Philippines' first digital mortgage broker, which means we do the heavy lifting for you: comparing offers across multiple partner banks, handling paperwork, and submitting your application — all at zero cost to you. For a ₱3,000,000 loan with a remaining 20-year term, moving from a 9.00% rate to 5.99% could reduce your monthly payment by over ₱4,000. That's money back in your pocket every single month, adding up to potentially hundreds of thousands of pesos over the life of your loan.
Whether you're looking to lower your monthly payments, shorten your loan term, or simply get a better deal, refinancing is worth exploring. Check UnionBank's housing loan requirements to understand eligibility, then let Nook compare the full market for you. Interest rates are subject to change — we recommend verifying current rates directly with lenders or through Nook 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
Yes, you can refinance your UnionBank housing loan with any other bank offering better terms — this is called external refinancing. Nook compares offers from multiple partner banks so you can find the lowest rate available for your profile. You're not locked in to staying with UnionBank just because your current loan is with them.
Savings depend on your remaining loan balance, current interest rate, and the new rate you qualify for. On a ₱3,000,000 loan with 20 years remaining, switching from 9.00% to 5.99% could save over ₱4,000 per month — or more than ₱700,000 over the life of the loan. Use Nook's free assessment to get a personalised savings estimate based on your actual loan details.
Nook's mortgage broker service is completely free for borrowers — we are compensated by the bank, not by you. There may be standard bank processing fees and documentary stamp taxes involved in the refinancing transaction itself, but you will never pay Nook a broker fee. We'll be upfront about any costs before you proceed.
Generally, you'll need to have made consistent payments on your existing loan, have a good credit standing, and meet the income requirements of the new lender. Most banks require a minimum monthly income of ₱30,000 and a debt-to-income ratio within acceptable limits. See the full UnionBank housing loan guide for a detailed breakdown of what to prepare.
The refinancing timeline in the Philippines typically ranges from four to eight weeks, depending on the bank and how quickly documents are submitted and verified. Nook streamlines the process by guiding you through every step digitally and liaising directly with the bank on your behalf. Starting early is the best way to avoid delays, especially if your current fixed-rate period is about to reprice.
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