The pre-qualification process, step by step.

Pre-qualification is a prerequisite for a home loan application. Before you apply, Nook runs a quick check to determine which banks suit your situation — and which lender you're best off taking your home loan from. Instead of approaching banks one by one, you answer a single short questionnaire and see your matched options side by side.

And remember: with Nook you never fill in the actual bank application or visit a branch. Once you've pre-qualified, a dedicated Nook loan consultant takes over and runs the entire application for you, end to end. Because the banks pay Nook a commission once your loan is released, all of this is free to you.

A. Property information

• Property value (Php) — the price of the property you plan to acquire. Because of some banks' minimum requirements, this should generally be at least Php 625,000.
• Property type and property status — if the status is pre-selling, you'll also be asked for the property developer (this field appears automatically), as required by some banks.

Click Next to continue.

B. Work information

• Employment type, rank and tenure — the basics of your job.
• Your gross monthly income (Php) — some banks set a minimum here. You can increase your borrowing power by adding other income sources, or by adding a co-borrower on the next page.

Click Next to continue.

C. Other information

• Birthdate and nationality — foreign applicants should note that banks may ask for additional requirements.
• Credit card — if you hold one, banks will ask you to declare your credit card limit (and any record of negligence).
• Other investments, spouse or co-borrower — because banks have minimum salary requirements, adding any of these can extend your borrowing power.

Click Next to proceed.

D. Loan information

• Loan type and loan term — these also depend on the type of property you're acquiring.
• Loanable amount — this depends on the bank. Some banks may offer more than 80% of the property value.

Talk to a Nook home loan consultant and we'll refer you to the banks that fit you best. Click Finish to view your bank results page.

Step 4 — Your bank results page

You can now see the banks that match you and choose which one to get your home loan from. To apply, click the Apply Now button, create a Nook account (or log in), and continue to the application wizard to submit your requirements. Once you submit, we'll call you straight away to discuss your application and the next steps.

If you'd like more information about a bank's offer first, get in touch with our live chat support through your preferred channel, or book a free consultation call with one of our consultants.