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Inquirer.net

Firm Seeks to Ease Housing Loan Process

Firm Seeks to Ease Housing Loan Process

Nook Admin – January 17, 2020

Upstart property mortgage brokerage Nook seeks to make it easier for Filipino consumers to search for property assets to buy or rent, compare loans offered by various banks and apply for loans using a pioneering online platform.

“Applying for a home loan here in the Philippines can be a tedious and intimidating process. Before prospective clients even begin, they are already overwhelmed with the long list of requirements or the time they need to set aside to accomplish all the application steps. We aim to address this with Nook. We offer users an end-to-end platform, from property search to bank approvals, empowering more Filipinos to gain seamless access to financial options available to them,” Nook chief executive officer Chris Elder said during the company’s media launch on Wednesday.

Nook Philippines Management Team Photo Op

Nook allows potential borrowers to find the right housing loan and assist them throughout the application process—thereby sparing them from having to go to different banks to compare what each one has to offer. Through Nook, a prospective borrower will get a preview of the amount of monthly repayments to make, fees and other requirements from each bank and even gets prequalified for housing loan in just a few minutes.