UnionBank offers competitive 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 advanced banks, and its housing loan product reflects that — offering a streamlined application process, flexible loan purposes (from ready-for-occupancy units to home equity and renovation), and a competitive 1-year fixed rate of 7.00% p.a. Eligible borrowers include salaried employees in the private sector, government workers, BPO professionals, OFWs, seafarers, and the self-employed, with a minimum monthly income requirement of just 30,000 pesos. If you're exploring your options, our complete UnionBank housing loan rates and requirements guide for 2026 covers everything from fixing periods to loan-to-value ratios in full detail.
To qualify for a UnionBank housing loan, you'll typically need to submit proof of income (payslips or ITR), a valid government-issued ID, a filled-out application form, and property documents such as a Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT). Self-employed borrowers will also need audited financial statements. UnionBank's maximum debt-to-income (DTI) ratio is 50%, meaning your total monthly debt obligations — including the new loan payment — should not exceed half your gross monthly income. For a detailed breakdown of every document required by employment type, see our UnionBank housing loan requirements: documents, eligibility and application guide.
Already have a home loan — whether with UnionBank or another bank — and paying a rate above 7%? Refinancing through Nook could significantly reduce your monthly payment. Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We compare offers from UnionBank and other partner banks to find you the best available rate, currently as low as 5.99% p.a. Interest rates are subject to change, so we recommend verifying current rates at the time of your application. Use the savings calculator above to see how much you could save, or explore UnionBank refinancing options through Nook to get started today.
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 pesos for housing loan applicants. This applies across most employment types including salaried employees, self-employed professionals, OFWs, and government workers. Your total monthly debt obligations, including the new loan payment, must not exceed 50% of your gross monthly income (the maximum DTI ratio).
UnionBank accepts applications from a wide range of employment types: private sector employees, government employees, BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals. Each employment category has slightly different documentary requirements, so it's important to prepare the correct income documents before applying.
Core requirements include a completed application form, a valid government-issued ID, proof of income (payslips for employed applicants, or ITR and audited financial statements for the self-employed), and property documents such as a TCT or CCT, tax declaration, and floor plan. OFWs will typically also need their employment contract and proof of remittance. Always confirm the latest checklist directly with UnionBank or through your Nook mortgage advisor, as requirements can be updated.
UnionBank housing loans cover a broad range of purposes including the purchase of ready-for-occupancy (RFO) and pre-selling properties, reselling (secondary market) homes, new construction, renovation, and home equity (cash-out). This flexibility makes UnionBank a strong option whether you're buying your first home, building, improving an existing property, or unlocking equity you've already built up.
If you're buying a property for the first time, a new UnionBank housing loan at 7.00% p.a. is a competitive starting point. However, if you already have an existing home loan — with UnionBank or any other bank — and your current rate is above 7%, refinancing through Nook could save you significantly more over the life of your loan. Nook's broker service is completely free to borrowers, and we can compare UnionBank's refinance offer alongside other partner banks to ensure you get the best rate available.
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