UnionBank housing loan requirements are straightforward — but most applicants don't realize they could qualify for a lower rate elsewhere. Here's everything you need, plus how to compare.
YOUR POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
UnionBank is one of the Philippines' most digitally advanced banks, and its housing loan product reflects that — with a competitive 1-year fixed rate starting at 7.00% p.a., a minimum monthly income requirement of just ₱30,000, and acceptance of a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed. Eligible loan purposes cover nearly every scenario: ready-for-occupancy units, pre-selling properties, reselling, new construction, renovation, home equity, and even foreclosed properties. If you're shopping for a housing loan, UnionBank deserves a serious look — and you can read the full UnionBank housing loan rates and application guide to understand exactly what to expect.
To apply for a UnionBank housing loan, you'll need to prepare a standard set of documents. For employed applicants: a valid government-issued ID, latest payslips (typically 1–3 months), certificate of employment, Income Tax Return (ITR) or BIR Form 2316, and a duly accomplished application form. Self-employed applicants will need their DTI or SEC registration, audited financial statements, and bank statements for the past 6–12 months. OFWs typically need a POEA-verified employment contract and proof of remittance. UnionBank also applies a maximum debt-to-income (DTI) ratio of 50%, meaning your total monthly debt obligations — including the proposed housing loan payment — should not exceed half your gross monthly income.
Already have a home loan with UnionBank or another bank? It's worth checking whether refinancing could reduce your monthly payment. Through Nook, you can compare UnionBank's rates alongside other Philippine banks in minutes — for free. Many homeowners currently paying 8% to 10% p.a. are surprised to find rates as low as 5.99% p.a. are now available. Even a 1–2% reduction on a ₱3,000,000 loan can save you tens of thousands of pesos per year. Learn more about your options in our UnionBank housing loan refinance guide, or get started with Nook today at no cost to you. Note: interest rates are subject to change — always verify current rates directly with the bank or through Nook before making a decision.
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 requires a minimum gross monthly income of ₱30,000 for housing loan applicants. This applies across most employment types including salaried employees, self-employed individuals, and OFWs. Your total monthly debt obligations, including the proposed loan payment, must also not exceed 50% of your gross monthly income.
UnionBank accepts a broad range of employment types: private-sector employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals such as doctors and lawyers. This makes UnionBank one of the more inclusive housing loan providers in the Philippines, especially for non-traditional workers.
UnionBank supports a wide variety of loan purposes including ready-for-occupancy (RFO) units, pre-selling condominiums or houses, reselling of existing properties, new construction, home renovation, home equity (loan against an existing property), and even foreclosed properties. This flexibility makes it suitable for buyers at different stages of the property journey.
As of 2026, UnionBank offers a 1-year fixed rate starting at 7.00% p.a. for housing loans, including home equity products. Rates are repriced after the fixed period ends, so it's important to understand the full repricing schedule before committing. Interest rates are subject to change — verify the latest rates with UnionBank directly or through Nook before applying.
Possibly, yes. Nook is a free digital mortgage broker that compares housing loan and refinance rates across multiple Philippine banks simultaneously. The lowest refinance rate currently available through Nook is 5.99% p.a. — significantly below what many homeowners are paying today. If your current rate is 7.5% or higher, it's worth running the numbers to see how much you could save each month.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →