UnionBank offers housing loans starting at 7.00% p.a. — here are the exact requirements, documents, and steps to apply. Nook makes it free and simple.
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Why this matters
UnionBank is one of the Philippines' most digitally advanced banks, and their housing loan product reflects that — with a competitive 1-year fixed rate of 7.00% p.a., a minimum monthly income requirement of just 30,000, and a maximum debt-to-income ratio of 50%. Whether you're buying a ready-for-occupancy unit, a pre-selling property, or looking to fund a renovation or new construction, UnionBank accommodates a wide range of loan purposes. They also accept borrowers from diverse employment backgrounds, including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed. For a full breakdown of eligibility and documentation, see our complete UnionBank housing loan requirements guide.
To apply, you'll typically need to prepare a valid government-issued ID, proof of income (payslips, ITR, or bank statements depending on your employment type), a filled-out application form, and property documents such as the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), plus a tax declaration and lot plan. The exact document checklist varies based on your employment type and loan purpose, so it's worth confirming with your broker before submitting. Nook's team will help you organise your documents correctly the first time — reducing back-and-forth with the bank and speeding up approval.
If you already have an existing home loan — whether with UnionBank or another bank — it's worth checking whether refinancing could lower your monthly payments significantly. Many Filipino homeowners are still paying rates of 8% to 10%, and switching to a lender offering 7.00% or lower can mean tens of thousands of pesos in annual savings. Use Nook to compare UnionBank's current rates against other lenders at no cost to you. You can also learn more about the UnionBank refinancing process here. Note: interest rates are subject to change — always verify the latest rates before submitting your application.
How it works
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Common questions
UnionBank requires a minimum monthly income of 30,000 to qualify for a housing loan. This applies to most employment types including private employees, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals. If you're unsure whether your income qualifies, Nook can assess your eligibility for free before you apply.
You'll generally need a valid government-issued ID, proof of income (such as payslips, Certificate of Employment, ITR, or business financial statements depending on your employment type), a completed application form, and property documents including the TCT or CCT, tax declaration, and vicinity map. Additional documents may be required depending on the loan purpose — for example, renovation loans require a bill of materials and floor plan. Nook will give you a personalised checklist based on your situation.
UnionBank currently offers a 1-year fixed rate of 7.00% p.a. and a Home Equity rate of 7.00% p.a. These are among the more competitive rates available from Philippine banks. Keep in mind that rates are subject to change, so it's important to verify the current rate at the time of your application — Nook always surfaces the latest available rates.
Yes — UnionBank accepts applications from a wide range of employment types, including OFWs, seafarers, self-employed individuals, and licensed professionals, in addition to private and government employees. Each employment category has slightly different documentary requirements, particularly around income verification. Nook can help you prepare the right documents for your specific employment type.
UnionBank's housing loan can be used for a range of purposes: purchasing a ready-for-occupancy (RFO) or pre-selling property, reselling, new construction, home renovation, foreclosed property acquisition, and home equity (cash-out). This flexibility makes it a strong option for both first-time buyers and existing homeowners looking to leverage their property's value. If you're considering refinancing your current loan, Nook can show you whether UnionBank or another partner bank offers better terms for your situation.
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