Get to know Nook, the first online mortgage broker platform in the Philippines

Nook, the first online mortgage broker platform in the Philippines, was officially launched to the public. The event was held on January 15, 2020 at the EDSA Shangri-La, BGC.

The new platform makes securing your dream home much easier. Buying a home is one of the most exciting phases of life — and with new real estate developments sprouting all over the country, and with banks offering different financing schemes, you can actually fulfil your goal to get into your dream home sooner.

Until now, getting a home loan in the Philippines often meant queuing at branches, submitting the same documents over and over, and approaching each bank one at a time, only to wait weeks for an answer. Nook was built to change that — by putting the whole journey online and matching every borrower to the bank that fits their needs.

What Nook does differently

Nook is a full-service mortgage broker, not a self-serve platform. Instead of running between lenders yourself, you answer a few questions and Nook compares 20+ banks for you, then matches you to the lender most likely to approve you — at the sharpest rate. A dedicated Nook loan consultant then runs the entire application for you: preparing and lodging the bank forms, gathering your documents, chasing the follow-ups and handling all the back-and-forth with the bank.

• Compare 20+ banks through a single guided flow, instead of approaching lenders one at a time.
• Get pre-qualified in about 3 minutes and see your options right away.
• A real loan consultant does the whole application for you and stays with you from pre-qualification all the way to approval.
• It's 100% free — the banks pay Nook a commission once your loan is released, not you.

Why it matters for Filipinos

For families here and overseas Filipino workers abroad, the launch meant the home loan process could finally be done online — without repeated branch visits and endless paperwork. Nook's vision is to help Filipinos around the world get the right home loan by matching them to the bank that fits their needs, as part of its mission to help 1,000,000 Filipino families buy their own home.

Since this 2020 launch, Nook has partnered with some of the biggest banks in the Philippines and grown into the country's original and award-winning mortgage broker — having been Awarded Best Mortgage Broker Philippines by the Pan Finance Business Awards.