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Nook is on its way to become the biggest loan originator in the Philippines Banner

Nook is on its way to become the biggest loan originator in the Philippines

Nook is on its way to become the biggest loan originator in the Philippines

Moi G. – Jan 24, 2023

MAKATI, Philippines (January 24, 2023) – After introducing their newest service, personal loan assistance, Nook is now on its way to launch two new services–car and business loan assistance.

According to Nook’s CEO and founder, Chris Elder, Filipinos are ready for a fully digitized loan application. “We’ve grown tremendously since offering personal loan assistance. As 77% of Filipinos now trust online financial services and transactions, 16% higher than what it was in 2019, we just know that there’s a lot more potential clients out there. Filipinos buy their clothes, shoes, and gadgets online. With online buying and selling platforms, this is just the next best move. So Nook is going to be there to let potential buyers know whether the vehicle that they are looking at is a viable option for them, funds-wise!”

Chris also encourages financial institutions to join them in simplifying and digitizing the process of loan application. “We already have the tools to make it happen, and in this climate, banks just need to jump in on a call with us so they can be a part of this revolution. With Nook, they are not just getting the client, they are getting access to our technology as well.”

Unlike direct loan applications with banks, Nook shows the clients all the different financing options that are available to them at the onset of the process. This allows them to compare and contrast the offers so they can make a conscious choice backed by data.

Nook’s team and technology approach is what keeps clients coming back. “We’re not just a loan origination website. Our loan consultants really talk to our clients, check in with them, and make sure they are comfortable with the terms of the loan. We educate, we listen, we recommend. Our favorite stories are always the ones that make us say, yes, we helped make that dream come true. That’s what makes this job worthwhile,” said Nook’s Loans Team Lead, Mabelle Sanchez.

As the company continues to partner with more banks, they hope that they are empowering more Filipinos to make better financial decisions.

If you want to know more about Nook, visit their website at www.nook.com.ph or check out their social channels on the links below.

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