UnionBank offers competitive housing loan rates starting at 7.00% p.a. — and with Nook, you can apply or refinance for free with expert guidance every step of the way.
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Why this matters
If you're exploring a UnionBank housing loan, you're already on the right track. UnionBank is one of the Philippines' most digitally advanced banks, offering home loan products designed for a wide range of borrowers — from salaried employees in the private sector and BPO industry to self-employed professionals and OFWs. Their 1-year fixed rate starts at 7.00% p.a., which is among the more competitive offerings in the market today. To qualify, you'll generally need a minimum monthly income of 30,000 and a debt-to-income ratio (DTI) of no more than 50%. Loan purposes covered include ready-for-occupancy (RFO) units, pre-selling properties, reselling, renovation, new construction, home equity, and even foreclosed properties. For a full breakdown of eligibility and what to prepare, see our complete UnionBank housing loan requirements guide for 2026.
When it comes to documents, most applicants will need to submit a valid government-issued ID, proof of income (payslips, ITR, or audited financial statements for the self-employed), proof of billing, and property documents such as the Transfer Certificate of Title (TCT) and a signed contract to sell or deed of sale. The exact checklist may vary depending on your employment type and the purpose of the loan. Processing timelines and specific documentary requirements can also shift, so it's always a good idea to confirm the latest details directly — or better yet, let Nook handle it for you at no cost. You can also review the full UnionBank housing loan rates and requirements guide for a deeper look at what to expect.
Applying through Nook means you get a dedicated mortgage broker who compares UnionBank's offer against other partner lenders to find the best rate for your situation — all without paying a single peso in broker fees. Whether you're buying your first home or refinancing an existing loan to take advantage of lower rates, Nook simplifies the process from document collection to loan approval. With rates as low as 5.99% p.a. available through our panel of partner banks, many Filipino homeowners are saving tens of thousands of pesos every year just by switching. Note: Interest rates are subject to change. Please verify current rates with UnionBank or through Nook before making any financial decisions.
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 be a Filipino citizen (or a qualified foreigner in certain cases), at least 21 years old at the time of application, and not more than 65 years old upon loan maturity. You'll also need a minimum monthly income of 30,000 and a debt-to-income ratio of 50% or below. UnionBank accepts borrowers from a wide range of employment types, including private sector employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals.
Most applicants will need to prepare a completed application form, at least one valid government-issued ID, the last three months' payslips (for salaried employees) or the latest two years' ITR and audited financial statements (for self-employed applicants), a proof of billing address, and property documents including the Transfer Certificate of Title (TCT), tax declaration, and a signed contract to sell or deed of sale. OFWs and seafarers will typically need additional documents such as an employment contract and proof of remittance. Requirements may vary, so confirming with UnionBank or your Nook broker is recommended.
UnionBank's 1-year fixed housing loan rate currently starts at 7.00% p.a., which is competitive relative to many other Philippine banks. Rates are repriced after each fixed period and will depend on prevailing market rates at the time of repricing. If you're an existing borrower whose rate has already been repriced upward, refinancing through Nook could help you access rates as low as 5.99% p.a. — potentially saving you thousands of pesos every month. Always verify the latest rates directly with UnionBank or through Nook before applying.
UnionBank's housing loan program covers a broad range of property types and purposes, making it flexible for many borrowers. You can use the loan to purchase a ready-for-occupancy (RFO) unit, a pre-selling property, or a resale home. It also covers new home construction on a lot you already own, renovation of an existing property, home equity (borrowing against your property's value), and even the purchase of foreclosed properties. This versatility makes UnionBank a viable option for a wide variety of housing needs.
Yes — if you have an existing home loan with any Philippine bank and are paying a higher interest rate, you can refinance to UnionBank (or any of Nook's other partner banks) to potentially lower your monthly payments significantly. Nook's service is 100% free to borrowers; we compare offers across multiple lenders to find you the best available rate. Many homeowners currently paying 8% to 10% are switching to rates as low as 5.99% p.a., resulting in monthly savings of several thousand pesos. Reach out to Nook to find out how much you could save.
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