Housing Loans: Move Into Your Dream Home Faster
Owning your dream home should be accessible and affordable for every Filipino — and with Nook's 100% free housing loan help, your next home is closer than you think.
At Nook, we find flexible home loans to turn your homeownership goals into reality. With packages starting from just P600,000, competitive rates and easy application requirements, buying a house or condo doesn't have to be the slow, stressful, paperwork-heavy ordeal it used to be. As the Philippines' original and award-winning mortgage broker, Nook compares 20+ banks and runs the entire application for you — and because the banks pay us a commission only once your loan is released, it costs you nothing.
Housing loan features available
With a wide range of major lenders behind us, Nook can find the right home loan for you. Here's what a Nook-arranged housing loan can offer:
- Borrow up to 80% of the property's appraised value — and up to 90% in the case of some property developers.
- Housing loans from P600,000 or more for your dream home.
- Flexible loan terms, generally from 1 year up to 20 years.
- Easy income requirements — generally around P40,000 joint gross monthly income.
- Fast approval in days, not weeks or months — conditional approval in as little as 24 hours.
Current housing loan interest rates
What are the current home loan interest rates in the Philippines? Rates move with the market and the lender, but here's the kind of pricing available through our banking partners: standard home loans from as low as around 6.5%, home equity loans from around 7.50%, and even qualified foreign borrowers from around 10%. The best rate for you depends on your profile and property — a Nook expert compares all 20+ partner banks to find the sharpest one you'll actually qualify for.
All-in financing options available
What is all-in housing loan financing? It's where eligible borrowers can include upfront bank fees as part of their loanable amount and pay them off over the life of the loan, meaning far less out-of-pocket expense at the time of loan takeout. Standard fees that all-in financing can cover include:
- Documentary Stamp Tax on the REM and Promissory Note
- Mortgage registration fees
- Notarial fees on the REM and Promissory Note
- Processing fees
- Cancellation fees
- Mortgage Redemption Insurance premium for the first year
- Fire insurance premium for the first year
What can you do with a housing loan?
Getting a home loan is usually a boring process — but not when Nook handles it from start to finish, completely free of charge. Here's what your new housing loan finance can be used for:
Buy a home
Buy your dream house, condo or townhouse with your housing loan proceeds.
Build a home
Ready to build your dream home? Construction loans start here.
Renovate
Updating and improving your home is a dream that's well within reach.
Refinance
Paying too much on your current housing loan? Nook will help you save big — see our refinance application.
How to apply for a housing loan
Here's the general process to apply for a home loan. You can follow it yourself — or a Nook home loan expert can do it all for you, fast and 100% free. Either way, it's six stress-free steps to a fast approval.
Budgets
Evaluate your budget and eligibility — Nook can help you work it out.
Nook assessment
Book a free call with a housing loan expert who maps your options.
Requirements
Get your key documentary requirements ready (Nook tells you exactly what's needed).
Application
Complete the application with your Nook expert handling the heavy lifting.
Approval
The bank assesses your housing loan application — Nook chases it for you.
Loan signing
Review and sign the loan agreement, and your loan is paid out.
Multiple advantages with Nook
A dedicated consultant, minimal paperwork, and access to the country's biggest lenders — at no cost to you.
Fast approval processing
With tech-enabled systems, applying is quick and paperwork is minimal — get approval in days without agonising delays.
Flexible repayment options
Pick a payment plan from 12 months up to 20 years — whatever aligns with your financial circumstances.
Access to low interest rates
Through partnerships with the top banks in the Philippines, you enjoy some of the most competitive rates in the market.
Done-for-you, end to end
A dedicated Nook consultant handles the bank communication, follow-ups and paperwork, so you never deal with a bank directly.
Housing loan eligibility and documentary requirements
This is the part that usually gets boring — but don't worry. A Nook home loan expert can guide you through every step of the housing loan process, so you can read this for context but never have to memorise it. Nook will handle it all for you. In general, lenders want to confirm three things: your identity, your income, and the property. Your consultant will give you a tailored checklist for the specific bank you're matched to.
Check your housing loan numbers
Before you apply, it's worth knowing what you can comfortably afford. Use our home loan calculators to estimate your monthly amortisation and budget — then get pre-qualified in under 3 minutes. Pre-qualification is where Nook matches you to the lending criteria of all our banking partners, so you know exactly where you stand before any paperwork starts.
Housing loan questions, answered
The questions Filipino home buyers ask most about housing loans — answered straight.
How much can I borrow for a housing loan in the Philippines?
You can typically borrow a percentage of the property's value: up to 90% of the selling price if you buy from a top-tier property developer, up to 80% of value from an individual seller or non-top-tier developer, and up to 60% of the selling or appraised value for a vacant lot. Housing loans through Nook's banking partners start from P600,000. A Nook home loan expert will work out your exact loanable amount across 20+ banks — for free.
What is the minimum income to qualify for a housing loan?
It depends on the bank, but a joint gross monthly income of around P40,000 is a good general guide. If you're a little short, your Nook expert can suggest co-borrowers and other ways to strengthen your application, then match you to the lender most likely to approve you.
How long is a housing loan term in the Philippines?
Loan terms are flexible, generally from 1 year up to 20 years. The maximum depends on the bank and property type — a condo is typically up to 15 years, while a house and lot can range from 20 to 25 years. You choose the term that fits your monthly budget.
What is all-in financing for a housing loan?
All-in financing lets eligible borrowers add upfront bank fees to their loanable amount and pay them off over the loan term, so you have far less out-of-pocket cost at loan takeout. It can cover documentary stamp tax, mortgage registration and notarial fees, processing and cancellation fees, the first year of Mortgage Redemption Insurance, and the first year of fire insurance.
How fast can a housing loan be approved?
Conditional approval can be as fast as 24 hours, and qualified borrowers are often approved within days rather than weeks or months. The exact timeline depends on the lender, but Nook's tech-enabled systems keep paperwork minimal and chase the bank for you so nothing stalls.
Can OFWs and foreigners get a housing loan in the Philippines?
Yes. Nook finds tailored packages for OFWs buying Philippine property, and foreigners can usually qualify if they hold a permanent visa such as an SSRV or 13a — banks just want to see concrete ties to the country. Speak with a Nook home loan expert to confirm your options for free.
Does it cost anything to use Nook for a housing loan?
No — Nook is 100% free for borrowers. The banks pay Nook a commission only once your loan is released, so a dedicated loan consultant can run your entire application end to end — paperwork, follow-ups and all the bank communication — at no cost to you.
Move into your dream home faster
Check your home loan options in just 3 minutes, or chat to a live agent now. Nook does the entire application for you — and it's 100% free.
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