UnionBank and BPI borrowers are paying wildly different rates for essentially the same mortgage product.
TYPICAL BPI BORROWER SAVINGS
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Why this matters
BPI consistently charges higher home loan rates than UnionBank, often by 1-2 percentage points for similar borrower profiles. While BPI markets itself as premium banking, their mortgage rates rarely justify the extra cost. Most BPI borrowers locked into 8-9% rates could easily qualify for UnionBank's 6-7% offerings, but few banks will tell you this.
UnionBank has positioned itself as a digital-forward lender with competitive rates, while BPI relies on brand recognition to maintain higher margins. The rate gap becomes especially pronounced for refinancing customers, where BPI's renewal rates can hit 9-10% while UnionBank offers the same borrowers 6.5-7.5%.
Through Nook's platform, we've helped hundreds of BPI borrowers switch to better rates. The process is straightforward, and the savings are immediate. Most borrowers recover their switching costs within 3-4 months through lower monthly payments.
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 typically offers rates 1-2% lower than BPI for comparable loan products and borrower profiles. While BPI charges 8-10% for most home loans, UnionBank's rates usually range from 6-8% for similar customers.
Yes, you can refinance from BPI to UnionBank if you meet their qualification requirements. Many BPI borrowers save 15,000-30,000 monthly by switching to UnionBank's lower rates through refinancing.
BPI maintains higher rates due to their premium brand positioning and extensive branch network costs. UnionBank operates with lower overhead and passes these savings to customers through more competitive mortgage rates.
UnionBank's minimum home loan amount is typically 500,000 for new purchases and refinancing. They offer competitive rates across all loan sizes, with better terms for larger loan amounts above 2,000,000.
The refinancing process from BPI to UnionBank typically takes 30-45 days through Nook's platform. We handle all documentation and coordinate between both banks to ensure a smooth transition with minimal disruption.
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