UnionBank offers competitive housing loans starting at 7.00% p.a. — but Nook can show you if a better rate is waiting. Our service is 100% free.
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Why this matters
UnionBank is one of the Philippines' most progressive digital banks, and their housing loan product reflects that — with a 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%. They accept a wide range of borrower profiles including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals. Loan purposes covered include RFO properties, pre-selling, reselling, new construction, renovation, foreclosed properties, and home equity. If you're exploring your options, the full UnionBank housing loan guide for 2026 breaks down everything you need to know about rates and eligibility in one place.
To apply for a UnionBank housing loan, you'll typically need to prepare a government-issued ID, proof of income (payslips, ITR, or business documents depending on your employment type), a duly filled application form, property documents, and a certificate of employment. OFWs and seafarers will also need their POEA contract or employment contract. The document checklist can feel long, but being prepared upfront dramatically speeds up approval. If you want a side-by-side comparison of what UnionBank requires versus other banks like BDO or BPI, Nook's platform lets you compare UnionBank refinance rates against multiple lenders in one free application.
Whether you're applying for a new housing loan or considering refinancing an existing one, the smartest move is to know your options before you commit. Most Filipino homeowners are paying between 7% and 10% on their existing home loans — and many don't realise that switching lenders (or even re-pricing with their current bank) could save them thousands of pesos every month. Nook works with UnionBank and other top Philippine lenders to find you the lowest available rate. There's no broker fee, no hidden charges, and no obligation — just a clearer picture of what you could be paying instead. Note: Interest rates are subject to change. Please verify current rates directly 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 foreign national), at least 21 years old at the time of application, and no older than 65 at loan maturity. You need a minimum monthly income of ₱30,000 and your total debt obligations must not exceed 50% of your gross monthly income. UnionBank accepts private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals.
Standard requirements include a valid government-issued ID, a completed loan application form, recent payslips (typically the last 3 months), your latest ITR or BIR Form 2316, a certificate of employment, and property documents such as the TCT or CCT, tax declaration, and lot plan. Self-employed applicants will need audited financial statements and DTI or SEC registration. OFWs and seafarers must submit their employment contract or POEA documentation. Having all documents ready before submission helps avoid delays in processing.
UnionBank currently offers a 1-year fixed rate of 7.00% p.a. for housing loans, which is also the rate applied to home equity loans. After the fixed period, your rate will be re-priced based on prevailing market rates at that time. It's always worth comparing this against other lenders — Nook can check rates from UnionBank and multiple other banks simultaneously, completely free of charge. Note that rates are subject to change, so verify the latest figures before applying.
Yes — UnionBank's housing loan covers a broad range of property types and purchase scenarios. Eligible purposes include Ready for Occupancy (RFO) units, pre-selling condos and houses, reselling properties, new construction, renovation projects, foreclosed property acquisitions, and home equity loans. This flexibility makes UnionBank a strong option for buyers across different stages of the property market.
Applying through Nook gives you the same access to UnionBank's housing loan — but with one key advantage: Nook simultaneously checks rates from multiple banks, so you can see whether UnionBank's offer is the best one available to you before you commit. The service is completely free for borrowers, and Nook's advisors handle much of the paperwork coordination on your behalf. If UnionBank turns out to be the best fit, you'll apply with confidence; if another lender offers a lower rate, you'll know that too.
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