UnionBank offers home loans starting at 7.00% p.a. — but if you're already paying more than that, Nook can help you refinance to as low as 5.99% p.a. for free.
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Why this matters
UnionBank is one of the Philippines' most borrower-friendly banks for housing loans in 2026. Their minimum monthly income requirement of just P30,000 makes homeownership accessible to a wide range of Filipinos — including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed. With a maximum debt-to-income ratio of 50%, UnionBank gives borrowers meaningful flexibility when structuring their loan. Eligible loan purposes include ready-for-occupancy (RFO) units, pre-selling properties, reselling, new construction, renovation, home equity, and foreclosed assets. For a full breakdown of what you'll need to prepare, see our UnionBank housing loan requirements and application guide.
If you already have a housing loan — whether with UnionBank or another bank — and your current rate is above 7.00%, now is a strong time to explore refinancing. Nook is the Philippines' first digital mortgage broker, and we work directly with UnionBank and other leading lenders to match you with the most competitive rate available for your situation. Our service is 100% free to borrowers: no broker fees, no hidden charges, no obligation. We handle the comparison and paperwork coordination so you don't have to chase multiple banks on your own. You can also review the UnionBank refinance options available through Nook to understand how the process works before you apply.
Rates and requirements listed on this page are based on the latest available data from UnionBank and are subject to change without prior notice. We recommend verifying current rates and eligibility criteria directly with UnionBank or through a Nook advisor before making any financial decisions. Nook updates its partner bank data regularly to keep comparisons as accurate and useful as possible.
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 P30,000, which is lower than many competing banks and makes their housing loan accessible to a broad range of applicants. This threshold applies across employment types including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. If you are unsure whether your income qualifies, a Nook advisor can assess your eligibility for free before you formally apply.
Standard requirements typically include a valid government-issued ID, proof of income (payslips, ITR, or business financial statements depending on employment type), a filled-out loan application form, and property documents such as the title, tax declaration, and appraisal. OFWs and seafarers will generally need to provide additional documentation such as a POEA contract or employment contract authenticated by the Philippine embassy. For a detailed checklist, refer to our UnionBank housing loan documents and eligibility guide.
UnionBank's 1-year fixed housing loan rate is 7.00% p.a. as of 2026, which is competitive among major Philippine banks. Their home equity loan rate is also 7.00% p.a. Interest rates are subject to change and repricing at the end of each fixed-rate period, so it's important to factor in potential rate movement over your loan term.
Yes — if you currently have a housing loan with another bank and your rate is higher than what UnionBank or other Nook partner banks are offering, refinancing could reduce your monthly payments significantly. Nook compares rates across multiple lenders at no cost to you and manages the application process from start to finish. On a P3,000,000 loan, switching from 8.50% to 5.99% could save you thousands of pesos every month.
Processing times vary depending on the completeness of your documents and the type of property involved, but applicants who submit a full document package typically receive a decision within 5 to 15 banking days. Working through Nook can help streamline this process, as our advisors review your documents before submission to reduce the likelihood of delays or back-and-forth with the bank. Applying early and preparing all required documents in advance is the best way to avoid unnecessary waiting.
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