UnionBank offers competitive housing loan rates starting at 7.00% p.a. — but if you already have a home loan, you could refinance through Nook and lock in 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 fixed rates starting at 7.00% p.a. for a 1-year fixed term, with flexible loan purposes including Ready for Occupancy (RFO), pre-selling, renovation, home equity, and even new construction. Minimum monthly income requirement is ₱30,000, and the bank accepts a wide range of employment types including private employees, government workers, BPO staff, OFWs and seafarers, self-employed professionals, and freelancers. Debt-to-income (DTI) ratio must not exceed 50%, meaning your total monthly loan obligations should be no more than half your gross monthly income. For a full breakdown of eligibility criteria and required documents, see our UnionBank housing loan requirements guide.
To apply for a UnionBank housing loan, you'll typically need to prepare a valid government-issued ID, proof of income (payslips, ITR, or audited financial statements for the self-employed), employment certificate or business registration documents, and property-related documents such as a Certified True Copy of the title, tax declaration, and lot plan. Processing timelines vary, but UnionBank's digital infrastructure means faster document submission and loan tracking compared to many traditional banks. Applying through Nook gives you an added advantage: our team prepares your application, liaises with the bank on your behalf, and helps you compare UnionBank's offer against other lenders — all at zero cost to you.
If you already have an existing home loan — whether with UnionBank or another bank — it's worth checking whether refinancing could save you money. Many Filipino homeowners are still paying rates of 8% to 10% per year, often because they've never reviewed their loan since it was first approved. With Nook's best available refinance rate of 5.99% p.a., the savings can be substantial. On a ₱3,000,000 loan with 20 years remaining, switching from 8.50% to 5.99% could reduce your monthly payment by over ₱4,500 — that's real money back in your pocket every month. Learn more about refinancing your UnionBank housing loan and see how much you could save. Interest rates are subject to change; please verify current rates with the bank or through Nook before applying.
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
To qualify for a UnionBank housing loan, you must have a minimum monthly gross income of ₱30,000 and a total debt-to-income ratio of no more than 50%. UnionBank accepts applicants across a wide range of employment types, including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals.
You'll generally need a valid government-issued ID, recent payslips or proof of income, an ITR (BIR Form 2316 for employed applicants or audited financial statements for the self-employed), an employment certificate or business registration documents, and property documents such as a Certified True Copy of the title, tax declaration, vicinity map, and lot plan. Requirements may vary depending on your loan purpose and employment type, so it's best to confirm the complete checklist with UnionBank or through Nook.
UnionBank's housing loan rate starts at 7.00% p.a. for a 1-year fixed period, applicable for both standard home purchase loans and home equity loans. Rates are subject to repricing at the end of each fixed-rate term, so your rate may change after the initial period. Always verify the latest rates directly with UnionBank or through Nook before committing.
Yes, UnionBank accepts refinancing applications, allowing you to move your existing home loan from another bank to take advantage of potentially lower rates. However, if you want to compare multiple banks at once and find the best refinance rate available — which currently goes as low as 5.99% p.a. — applying through Nook lets you do that in a single application at no cost to you.
When you apply through Nook, you get the same UnionBank housing loan product but with the added benefit of a dedicated mortgage broker who prepares your application, checks your documents, and submits on your behalf — all for free. Nook also compares UnionBank's offer against other partner banks so you can be confident you're getting the most competitive rate available for your situation, without having to visit multiple bank branches yourself.
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