BDO Unibank, Inc. ("BDO") is one of the banking partners Nook works with. Nook ("Nook", "we", "us" or "our") is a mortgage broker and institutional referrer — not a bank. We help Filipino home buyers compare lenders, choose the right product, and submit a complete application to the bank that best fits their needs. When BDO is the best-fit lender for your situation, Nook can prepare and lodge your BDO home loan application and manage the process from end to end. These terms describe how that works.
How a BDO home loan through Nook works
BDO offers home loans for a range of purposes, which may include the purchase of a house and lot, townhouse, condominium or vacant lot, home construction, home improvement or renovation, and the refinancing or take-out of an existing housing loan from another bank. Nook does not lend money itself. As your broker, Nook matches you to BDO from a panel of 20+ lenders, helps you understand the product and the documents required, collects and checks your paperwork, submits your application to BDO, and follows up on your behalf until a decision is made.
- A dedicated Nook loan consultant is assigned to your application and handles the back-and-forth with BDO for you.
- You never have to fill in bank forms yourself or visit a BDO branch to lodge your application — Nook does the legwork.
- You receive progress updates by text and email so you always know where your application stands.
Cost — using Nook is 100% free
It costs you nothing to use Nook to apply for a BDO home loan. Nook does not charge borrowers a fee or commission for arranging your loan; BDO pays Nook a referral consideration once your loan is released. This does not change the interest rate, fees or charges BDO would otherwise apply to your loan. Bank-side costs — such as appraisal fees, processing or handling fees, documentary stamp tax, registration and notarial fees, mortgage redemption insurance and fire insurance — are set by BDO and any relevant third parties and are payable by you in accordance with BDO's terms.
Rates, fees and product terms are set by BDO
All interest rates, fixing periods, loanable amounts, loan-to-value limits, repayment terms, fees and charges for a BDO home loan are determined solely by BDO and are subject to change without notice. Any figures or examples Nook shares are indicative only, are not an offer of credit, and do not form part of any contract. The actual terms of your loan are those stated in BDO's loan documents, which you should read in full before signing.
Eligibility and approval
To be eligible for a BDO home loan you generally must meet BDO's age, income, employment or business, and creditworthiness requirements. BDO assesses each applicant on its own criteria and may approve, decline, or approve on different terms than requested. Nook is an independent broker and does not guarantee that BDO — or any lender — will approve your application. An application is only considered for approval once a complete application with all required documents and information is submitted to BDO. Nook has no authority to bind, oblige or commit BDO, and is not a partner, agent or employee of BDO.
Information you provide
You agree that the information and documents you provide to Nook and to BDO are true, complete and accurate. Incomplete, inaccurate or misleading information may delay your application or cause it to be declined. You authorise Nook to collect the documents and information BDO requires, to submit your application to BDO at your request, and to make a loan referral on your behalf. By proceeding, you consent to the handling of your personal information in line with Nook's Privacy Policy and BDO's own data privacy terms.
Your loan contract is with BDO
If your application is approved and you accept BDO's offer, your loan agreement is directly between you and BDO. That agreement is governed by BDO's own terms and conditions, which you accept when you sign BDO's loan documents. Nook is not a party to your loan contract with BDO, and meeting your obligations under the loan — including repayments — is your sole responsibility. Please read BDO's terms carefully, as Nook is not responsible for matters agreed directly between you and BDO.
Limitations and discretion
Nook may decline to refer an application to BDO, or cancel an existing referral, at its sole discretion — for example where information is incomplete or misleading, where fraud or other unlawful activity is suspected, where BDO is no longer offering a product, or where there are practical or communication difficulties. Nook is not liable for any delay, decision or action taken by BDO, or for any loss arising from BDO's assessment of, or decision on, your application.
Changes to these terms
Nook may update these terms from time to time. Any changes take effect when the updated terms are posted, and continuing to use Nook's services after that means you accept the revised terms. BDO's own home loan terms may also change at any time and are controlled by BDO, not Nook. We encourage you to review this page periodically.
Questions about a BDO home loan
If you have any questions about applying for a BDO home loan through Nook, you can chat to a live consultant any day from 9:00am to 9:00pm, or get in touch with our team. You can also explore our banking partners or see your options by checking your rate. Nook is based at V Corporate Center, 125 L.P. Leviste Street, Salcedo Village, Makati City 1227, Metro Manila, Philippines.