UnionBank Housing Loan Requirements: Documents, Eligibility & Application 2026

To qualify for a UnionBank housing loan, you generally need to meet the following eligibility criteria:

• Age: At least 21 years old at the time of application, and not older than 65 years old at loan maturity
• Citizenship: Filipino citizen or a foreign national married to a Filipino (subject to additional requirements)
• Employment type: UnionBank accepts a broad range of employment types — including private sector employees, government employees, BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals
• Income: Minimum gross monthly income of 30,000 pesos
• Credit standing: Good credit history with no major defaults or derogatory records

UnionBank's inclusive eligibility criteria make it one of the more accessible major banks for home loan applicants across different employment backgrounds.

UnionBank requires a minimum gross monthly income of 30,000 pesos to qualify for a housing loan. This applies across employment types — whether you are a salaried employee, a self-employed professional, a business owner, or an OFW.

For OFWs and seafarers, income is typically computed based on your verified monthly remittances or contract-based earnings. Self-employed applicants will need to demonstrate consistent income through financial statements and tax returns (see the documents section below).

Keep in mind that your actual loanable amount will depend on your income level, existing financial obligations, and the property's appraised value — not just whether you meet the minimum threshold. Use the UnionBank housing loan calculator to estimate how much you can borrow based on your income.

If you are a salaried or employed applicant (private sector, government, or BPO), you will typically need to prepare the following documents:

• Duly accomplished loan application form (provided by UnionBank or Nook)
• Valid government-issued IDs (two copies, front and back — e.g., passport, driver's license, SSS, UMID)
• Certificate of Employment (COE) with compensation details, issued within the last 3 months
• Latest 3 months' payslips
• Income Tax Return (ITR) for the last 2 years (BIR Form 2316 or stamped ITR Form 1700)
• Latest 3 months' bank statements

For the property:

• Photocopy of the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
• Vicinity map and floor plan of the property
• Contract to Sell or Deed of Absolute Sale (if applicable)
• Tax Declaration and latest Real Property Tax receipt

Requirements may vary depending on your specific employment situation and the loan purpose. Nook can help you prepare a complete checklist tailored to your profile at no cost.

Self-employed individuals, business owners, and licensed professionals (e.g., doctors, lawyers, accountants) are welcome to apply for a UnionBank housing loan. In addition to personal identification and property documents, self-employed applicants typically need to submit:

• Duly accomplished loan application form
• Valid government-issued IDs (two copies)
• Business Registration documents — DTI Certificate (for sole proprietors), SEC Registration (for corporations or partnerships), and Articles of Incorporation or Partnership
• Audited Financial Statements for the last 2 years (profit & loss statement and balance sheet, signed by a CPA)
• Income Tax Return (ITR) for the last 2 years (BIR Form 1701, stamped received)
• Latest 6 months' bank statements (business and/or personal accounts)
• List of trade references or business contracts (may be requested)

Licensed professionals practicing independently may also need to provide their PRC ID and proof of professional income. As with employed applicants, property documents will also be required.

UnionBank supports a wide range of property types and loan purposes, making it flexible for different homebuying and homeownership needs. Eligible loan purposes include:

• Ready-for-Occupancy (RFO) — purchase of a completed house and lot or condominium unit
• Pre-Selling — purchase of a property from a developer before it is completed
• Reselling — purchase of a pre-owned or second-hand property from a private seller
• New Construction — building a new home on your own lot
• Renovation — financing improvements or repairs to an existing property
• Home Equity / Equity Take-Out — using your existing property as collateral to release cash for other purposes
• Foreclosed Properties — purchasing bank-acquired or foreclosed assets

Properties must generally be located within areas where UnionBank operates and must meet the bank's minimum appraisal and marketability standards.

UnionBank's housing loan amount and term depend on several factors, including your income, the property's appraised value, and your existing financial obligations. Here are the general parameters:

• Minimum loan amount: Typically 500,000 pesos (though this may vary by property type)
• Maximum loan amount: Up to 80% of the property's appraised value (loan-to-value ratio)
• Loan term: Up to 20 to 25 years, depending on the borrower's age and loan purpose

For example, if you earn 60,000 pesos per month, your maximum monthly amortization under UnionBank's 50% debt-to-income (DTI) limit would be approximately 30,000 pesos. At a 1-year fixed rate of 7.00% p.a. over 20 years, this could support a loan of roughly 3,800,000 to 4,000,000 pesos — though the exact figure will depend on your full financial profile and the property's valuation.

Always verify the final loanable amount with the bank or through Nook, as these figures are indicative only.

UnionBank offers competitive fixed interest rates on housing loans. As of 2026, the rates available through Nook (a verified UnionBank partner) are:

• 1-Year Fixed Rate: 7.00% per annum
• Home Equity Rate: 7.00% per annum

These rates are fixed for the initial period and are repriced thereafter based on prevailing market rates. The rate that applies to your loan will depend on the fixing period you choose, the loan amount, and your credit profile.

For a full breakdown of all fixing periods and what they mean for your monthly payments, visit the complete UnionBank housing loan interest rates guide. Interest rates are subject to change without prior notice — always confirm the current rates at the time of your application.

UnionBank applies a maximum debt-to-income (DTI) ratio of 50%. This means your total monthly debt obligations — including the proposed housing loan amortization and any other existing loans (car loan, personal loan, credit card minimum payments, etc.) — should not exceed 50% of your gross monthly income.

Example: If your gross monthly income is 80,000 pesos, your total allowable monthly debt payments are up to 40,000 pesos. If you already have a car loan amortization of 10,000 pesos per month, your maximum housing loan amortization would be 30,000 pesos.

This DTI threshold is one of the more generous among Philippine banks, which generally range from 30% to 50%. It means borrowers with moderate existing obligations may still qualify for a meaningful loan amount at UnionBank.

You can apply for a UnionBank housing loan directly through the bank or through Nook as a free digital mortgage broker. Here's how the process generally works:

1. Check your eligibility — Confirm you meet the income, age, and employment requirements before preparing your documents
2. Prepare your documents — Gather all required personal, income, and property documents (see FAQs above for the full checklists)
3. Submit your application — Apply in person at a UnionBank branch, through their online portal, or through Nook's platform (which allows you to compare UnionBank against other partner banks at the same time)
4. Property appraisal — UnionBank will arrange an appraisal of the subject property to determine its market value and the maximum loanable amount
5. Credit evaluation — The bank reviews your income documents, credit history, and overall financial profile
6. Loan approval and offer — If approved, you will receive a formal loan offer letter detailing the approved amount, interest rate, and terms
7. Loan release — Upon acceptance and completion of legal documentation, the loan is released to the seller or credited to your account

Applying through Nook is 100% free and can help you compare multiple banks simultaneously, saving you time and potentially getting you a better rate. Nook's team handles the paperwork coordination so you don't have to chase the bank yourself.

Yes — UnionBank explicitly accepts applications from OFWs and seafarers as well as self-employed individuals and professionals. This makes UnionBank one of the more inclusive banks when it comes to non-traditional employment arrangements.

For OFWs and seafarers: You will need to provide proof of overseas employment (e.g., POEA-processed contract, employment contract, or COE from your employer), proof of remittances or foreign currency income, and a duly notarized Special Power of Attorney (SPA) if you are applying from abroad or need a local representative to act on your behalf.

For self-employed applicants: You will need audited financial statements, ITR, and business registration documents as outlined in the documents section above. Lenders typically want to see at least 2 years of stable business operation.

If you are unsure whether your income type or employment setup qualifies, Nook can do a free pre-qualification check and guide you to the bank most likely to approve your application — including UnionBank.