Turn the equity in your home into cash.
A home equity loan lets you borrow against a property you already own — for renovations, education, medical needs, a business or consolidating other debts. Nook compares 20+ banks to find the right lender, then runs the entire application for you. It's completely free, and you never deal with a bank yourself.
What is a home equity loan?
In simple terms, a home equity loan — sometimes called a second mortgage — lets you borrow money from a bank by drawing on the equity built up in a property you already own. The amount you can borrow is based on your home's current market value, often the difference between what the property is now worth and any balance you still owe on it. Most home equity loans are fixed-rate, with repayments made monthly over an agreed term.
Here's how the value works in practice. Say you bought a house and lot for ₱5 million back in 2010. Over the years its market value may have grown thanks to its location, nearby developments and demand. If the property is now worth ₱6 million, the equity loan you can apply for is calculated on that higher, current value — not the ₱5 million you originally paid. That uplift is the equity you can put to work.
What can I use a home equity loan for?
A home equity loan is a flexible way to put the value you've built in your home to work — for almost any worthwhile goal.
Home improvements
Renovate, extend or upgrade your home — work that can raise its market value even further over time.
Education
Fund tuition and study costs for yourself or your family, with predictable monthly repayments.
Medical needs
Cover major medical expenses with a larger, lower-stress loan secured against your property.
Debt consolidation
Refinance and combine other loans into one — useful for tidying up multiple repayments.
Business purposes
Buy equipment and supplies or invest in your business to streamline and grow your operations.
Life's bigger plans
From leisure to major purchases, the cash is yours to direct toward the goals that matter most.
Who can get a home equity loan?
Different banks set their own eligibility guidelines, but in general, to qualify for a Philippine home equity loan you'll need a property title in your own name that can be used as collateral. Most banks also require the title to have been transferred to you more than one year ago. Note too that non-residential properties generally can't be used as collateral by most lenders.
The good news: you don't have to memorise each bank's rules or guess where you'll qualify. Tell Nook about your property and your goal, and we match you to the lender most likely to approve you — then handle everything from there.
Requirements for a home equity loan.
Banks each have their own checklist, but borrowers are typically asked to submit documents along these lines:
Loan application form
The bank's housing or home equity loan application form, completed in full — which your Nook consultant fills in for you.
Government-issued IDs
Valid identification to verify who you are, in line with the bank's know-your-customer requirements.
Marriage certificate
If applicable, to confirm marital status and any co-borrower or property arrangements.
Income documents
Proof of income — payslips, an employment certificate, or business and remittance records for self-employed and OFW applicants.
Sounds like a lot? It isn't, because Nook does all of this for you — for free. Once we match you to a bank, your dedicated consultant tells you exactly which documents that lender needs, then prepares, packages and submits the lot on your behalf. You never wrangle a bank's paperwork yourself.
You don't deal with banks. We do.
Nook is partnered with multiple major Philippine banks, several of which offer home equity loans. Instead of approaching them one by one, you tell Nook your goal once — and a dedicated loan consultant compares the options across 20+ lenders to find the bank most likely to approve you on terms that suit you.
From there, your consultant does the entire application for you. We fill in every bank form, prepare and submit all the documents, chase the follow-ups and handle all the back-and-forth with the bank on your behalf. You never fill in a bank application or visit a branch — Nook is a full-service brokerage, not a self-serve platform. You simply get constant progress updates by text and email, so you're never left wondering what's happening.
And it costs you nothing — 100% free. Banks pay Nook a commission once your loan is released, not you, so you get expert brokering and a real human running the whole thing at zero cost. Filipinos here and abroad are all welcome; OFWs can complete the entire application online, wherever in the world you are.
Pre-qualify
Answer a few questions about your property and goal, and see your options in about 3 minutes.
We match you
Nook compares 20+ banks and finds the best-fit lender for your home equity loan.
We do the legwork
Paperwork, document submission, follow-ups and bank chasing — all handled for you.
Get your funds
Once approved and released, you put your equity to work — with Nook beside you the whole way.
20+ of the Philippines' biggest banks.
Nook is partnered with major Philippine banks, several of which offer home equity loans. We compare them for you and match you to the right one.
Home equity loan questions, answered.
Still unsure if a home equity loan is right for you? Chat to a Nook consultant any day from 9am to 9pm — we're happy to walk you through it.
What is a home equity loan in the Philippines?
A home equity loan lets you borrow money from a bank using a property you already own as collateral. The amount you can borrow is based on your home's current market value — often the gap between what your property is now worth and what you still owe on it. Most are fixed-rate and repaid monthly over a set term. It's sometimes called a second mortgage. Nook matches you to a bank that offers it and runs the whole application for you, free.
Who can get a home equity loan in the Philippines?
Generally, you need a property title in your own name that you can use as collateral, and most banks require the title to have been transferred to you more than a year ago. Non-residential properties usually can't be used as collateral. Each bank sets its own eligibility rules, so the simplest path is to pre-qualify with Nook in 3 minutes and let us match you to a lender you'll actually be approved for.
How is the loan amount on a home equity loan calculated?
It's based on your property's current market value, not what you originally paid. For example, if you bought a house and lot for ₱5 million years ago and it's now worth ₱6 million, the equity you can borrow against is calculated on the higher, current value. Banks then lend a percentage of that, factoring in any balance you still owe on the property.
What documents do I need for a home equity loan?
Requirements vary by bank, but most ask for a completed loan application form, valid government-issued IDs, a marriage certificate if applicable, income documents, and the property title and documents for the home you're using as collateral. Once Nook matches you to a lender, your dedicated consultant tells you exactly what's needed and helps you prepare and submit everything.
Is it free to use Nook for a home equity loan?
Yes — 100% free. Banks pay Nook a commission once your loan is released, not you. So you get a dedicated loan consultant comparing 20+ banks and running your whole application at zero cost.
Can OFWs get a home equity loan?
Yes. Filipinos here and abroad are welcome. Much of Nook's service is built so OFWs can complete the entire application online, wherever in the world you are, while we coordinate with the bank back home. Pre-qualify in 3 minutes to see your options.
Put your home's equity to work.
Pre-qualify in 3 minutes, or chat to a live agent for free advice. Nook compares 20+ banks and runs the whole application for you.
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