Housing Loans: Move Into Your Dream Home Faster

With Nook's streamlined systems, qualified borrowers get approved within days.

Right now, rates start from as little as 6.5% fixed for 1 year.   See here.

Speak with a Nook housing loan expert to find what’s right for you.

Yes!  Nook can help you find refinancing schemes available to reduce your rates or monthly repayments.

Yes, Nook will find tailored packages for OFWs keen on Philippine properties.

The fixing period is the number of years an interest rate will be applied to a housing loan. After the fixing period, the housing loan will change to a new rate, typically the market rate at the time.

The amount you can borrow is a percentage (%) of the property’s value.

• Up to 90% of selling price – if buying from a top-tier property developer
• Up to 80% of value- if buying from an individual seller or non-top tier developer
• Up to 60% of the selling price or appraised value – for the purchase of a vacant lot

A full list of primary and secondary identification documents can be found here.

Housing loans, or home loans, are loans from banks that are used to buy a new apartment, house and lot, or other real estate property.  They are typically purchased from a property developer or someone looking to sell their home. You can use this type of loan to purchase new or existing properties or even properties still under-construction.

In the Philippines, the maximum length of a housing loan will depend on the bank and the type of property that is being purchased. 

For example, the maximum loan term for a condo is typically 15 years.  Whereas a house and lot can range from 20 up to 25 years.  

Conditional Approval can be as quick as 24 hours.  The actual length of the approval process will depend on the lender.

The first housing loan repayment will be collected a month after your loan is released and will continue to be collected every month around the same day of the month until the end of your loan term.

The short answer is - yes.  

Foreigners will typically need to have some sort of permanent visa in the Philippines (eg. SSRV, 13a visa, etc).  

Banks want to be sure they aren't lending to someone who has no concrete ties to the country and could leave at any time.

Speak with a Nook home loan expert to discuss your options.