UnionBank offers housing loans starting at 7.00% p.a. — but if you already have a home loan, you could refinance to as low as 5.99% p.a. through Nook and save thousands every month.
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Why this matters
UnionBank is one of the Philippines' most digitally forward banks, and its housing loan product reflects that — with a streamlined online application, flexible loan purposes, and competitive fixed rates starting at 7.00% p.a. for a 1-year fixing period. Whether you're buying a ready-for-occupancy unit, funding a renovation, or tapping your home equity, UnionBank accepts a wide range of borrower profiles including salaried employees, self-employed professionals, BPO workers, OFWs, and seafarers. The minimum monthly income requirement is P30,000, and the maximum debt-to-income ratio allowed is 50% — giving most qualified borrowers meaningful borrowing power. For a full breakdown of eligibility criteria and what to prepare, see our UnionBank housing loan requirements guide covering documents, eligibility, and the application process.
To apply for a UnionBank housing loan, you'll typically need to prepare government-issued ID, proof of income (payslips, ITR, or business documents depending on your employment type), and property-related documents such as a contract to sell or Transfer Certificate of Title (TCT). The bank evaluates your application based on creditworthiness, income stability, and the appraised value of the property. Processing times can vary, but UnionBank's digital channels make it easier to track your application and submit documents online. If you're still comparing lenders, our complete UnionBank housing loan rates and requirements guide for 2026 walks through how the bank stacks up against other options in the market.
Already have an existing home loan — whether with UnionBank or another bank? It may be worth checking whether refinancing could reduce your monthly payments significantly. Many Filipino homeowners are still paying rates of 8% to 10% or higher, and switching to a lower rate through Nook costs nothing. Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We compare offers across multiple partner banks to find you the best available rate — currently as low as 5.99% p.a. Interest rates are subject to change; we recommend verifying current rates directly with the bank 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 generally need to be a Filipino citizen (or a Filipino married to a foreign national), at least 21 years old at the time of application, and not older than 65 at loan maturity. You must have a minimum monthly income of P30,000 and a total debt-to-income ratio that does not exceed 50%. UnionBank accepts a broad range of employment types including private-sector employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals.
The standard documents include a completed application form, one or two valid government-issued IDs, and proof of income — which varies by employment type. Salaried employees typically submit recent payslips and a Certificate of Employment, while self-employed applicants provide ITR with audited financial statements and business registration documents. You'll also need property documents such as a Contract to Sale, Transfer Certificate of Title (TCT), and a lot plan or vicinity map depending on the loan purpose.
UnionBank's housing loan product covers a wide range of purposes: purchasing a ready-for-occupancy (RFO) unit, buying a pre-selling property, acquiring a resale home, funding new construction, financing a renovation, purchasing a foreclosed property, or taking out a home equity loan against an existing property you own. This flexibility makes it a strong option for both first-time buyers and existing homeowners looking to leverage their property's value.
UnionBank currently offers a 1-year fixed rate starting at 7.00% p.a., which also applies to home equity loan products. Rates may vary depending on your loan amount, term, and credit profile, and are subject to repricing after the fixed period ends. We recommend confirming the most current rates directly with UnionBank or through Nook, as rates can change without prior notice.
Yes, UnionBank accepts refinancing applications, and if you currently have a loan with another bank at a higher rate, switching to UnionBank could reduce your monthly payments. However, it's worth comparing multiple lenders before committing — through Nook, you can access offers from several partner banks at once, with rates currently as low as 5.99% p.a. Nook's service is 100% free to borrowers, so there's no cost to finding out how much you could save. You can learn more in our guide to UnionBank housing loan refinancing options.
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