Buying a home is one of the most exciting phases of life. With new real estate developments sprouting all over the country, and with banks offering different financing schemes, you can actually fulfill your goal to get your dream home soon.

While getting a bank loan and fulfilling all documentary requirements can be a time-consuming, burdensome, and confusing process, with each bank offers different financing terms, and often differ in their requirements. Now, you can now navigate through all the housing loans in one place and get pre-qualified in minutes.

Just launched in the country yesterday, Nook, the first online mortgage broker in the Philippines, is designed to make applying for a home loan much simpler and easier, and takes all the pain out of the loan application process. It has partnered with the top eight commercial banks in the Philippines to give home buyers a wide array of financing options that match their needs. You can choose from AUB, BDO, BPI Family Bank, Bank of Commerce, CTBC, Chinabank, RCBC, and Security Bank.

“In other countries, few people apply directly to banks because it is time-consuming and confusing. A mortgage broker does all these things for you. We saw how Filipinos often end up taking out loans offered by their real estate brokers who may be accredited by just one or two banks, thereby limiting the buyers’ options. This is why we launched Nook which lets users shop around widely to find the best home loan. Considering a borrower’s relationship with a bank can last 15 to 20 years, it is important for home buyers to find the best loan that they are most comfortable with,” said Chris Elder, CEO of Nook.

Nook lets you choose the right loan that suits your needs and apply for it right on the site. You’ll be spared from having to go to different banks to compare what each one has to offer. Using the online platform, Nook will let you know the amount of monthly repayments you have to make, fees, and other requirements from each bank that you will take time to learn if you went through the process manually.  Once you’ve chosen which bank offers the best option, you can take out a loan through the website, and submit everything online! Best of all, there is no loan application fee involved.

Plus, if you need assistance while using the platform, Nook also has home loan consultants who can help you with every step of the housing loan process around the clock that’s free of charge.