Introducing Nook, the First Online Mortgage Broker Platform in the Philippines

Company news · January 20, 2020

Buying a home is one of the most exciting phases of life. With new real estate developments sprouting all over the country, and with banks offering different financing schemes, you can actually fulfil your goal of getting your dream home sooner than you think.

Unfortunately, getting a bank loan and fulfilling all the documentary requirements can be a time-consuming, burdensome and confusing process. Each bank offers different financing terms and often differs in its requirements — leaving you, the prospective home buyer, wondering whether you're doing what's best for you.

Thankfully, you can now navigate through all of the housing loans in one place and get pre-qualified in minutes with the use of the country's newest home loan website — Nook.

One place to compare every home loan

Rather than approaching banks one at a time, Nook brings the major Philippine lenders together in a single guided flow. You answer a few questions, see your options in about three minutes, and Nook matches you to the lender most likely to approve you. Instead of repeating the same paperwork at branch after branch, the whole journey starts online.

Nook is a mortgage broker, not a bank. It compares 20+ partner banks — including names like BDO, BPI, Security Bank, UnionBank and RCBC — then matches each borrower to the bank that best fits their needs. A dedicated Nook loan consultant runs the entire application end to end: preparing and lodging the bank forms, gathering documents, following up and handling all the back-and-forth with the bank, so the borrower never has to deal with a lender directly.

Built to make home loans simple

The idea behind Nook is straightforward: getting a home loan shouldn't mean queuing at branches, submitting the same documents over and over, and filling in form after form only to wait weeks for an answer. By putting the process online and pairing it with real human consultants, Nook aims to take the laborious parts out of the home loan journey.

And it's free for the borrower. Nook is paid a commission by the bank once a loan is released — never by the client — so expert brokering, bank comparison and a dedicated consultant come at no cost to Filipino home buyers, whether they're based in the Philippines or working abroad.

Nook is on a mission to help 1,000,000 Filipino families buy their own home — making home loans simple, one approval at a time.

This launch was also featured on adobomagazine.com.