Moneymax and Nook Sign Partnership to Make Housing Loan Applications Easier
Manila, Philippines — May 2020. Nook, the Philippines' original online mortgage broker, partners with comparison platform Moneymax to help more Filipinos find and get approved for the right home loan — simply and free.
Nook, the Philippines' original online mortgage broker, has partnered with comparison platform Moneymax to help Filipinos find and get approved for the right home loan. The collaboration is a first for both online platforms and brings two of the country's fast-growing financial-services brands together with a shared goal — making home loan applications simpler, faster and free for the borrower.
Online mortgage brokers may still be new to many Filipinos, but their role in the Philippine housing market can make a real impact. So how does a platform like Nook work? Much like Moneymax, Nook partners with leading banks across the country and acts as an intermediary between those lenders and borrowers — helping Filipinos choose the right home loan and then guiding them all the way from application to approval.
Making home loan applications simple and free
Beyond making the home loan process faster and more convenient, Nook also helps Filipinos save money by letting them compare and apply for a loan without any charge. Borrowers don't fill in bank forms or queue at branches — a dedicated Nook loan consultant compares the panel of partner banks, matches each borrower to the lender most likely to approve them, and then runs the entire application end to end on their behalf.
It is completely free for the borrower. Nook is paid a commission by the bank only once a loan is released, so there is no cost to the Filipino family searching for a home — exactly the kind of transparent, money-saving service the partnership with Moneymax is designed to surface for more people.
What the Moneymax partnership means for Filipinos
- More Filipinos discover that a free, full-service mortgage broker exists — and that comparing banks before they apply can save them money.
- Borrowers reach Nook's panel of partner banks through a single application, instead of approaching each bank one at a time.
- A dedicated Nook loan consultant handles the paperwork, document collection and follow-ups with the bank, so applicants don't have to.
- The whole journey can be completed online, which is especially valuable for OFWs and Filipinos abroad who cannot visit a branch in person.
A first for both platforms
The tie-up marks the first partnership of its kind for both Nook and Moneymax. By combining Moneymax's reach as a financial-comparison platform with Nook's hands-on, done-for-you brokering, the two companies aim to bring the home loan process within easier reach of everyday Filipino families — part of Nook's mission to help one million Filipino families buy their own home.
Nook compares more than 20 partner banks for each borrower and is the Philippines' original and award-winning mortgage broker, recognised as the Best Mortgage Broker Philippines by Pan Finance. The partnership with Moneymax reflects that same purpose: putting clear, comparable options in front of borrowers, then doing the heavy lifting of the application for them.
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