Overseas Filipino Workers (OFWs) will soon be able to apply for a housing loan and pay amortizations through a seamless online process with online mortgage broker Nook and property development solutions provider AQWIRE. The recent partnership between the fintech and proptech companies aims to pave the way for more housing investments in the Philippines by OFWs.
Under this collaboration, OFWs will be able to obtain and complete a home loan process application and secure a trusted payment process despite being away from the Philippines. Through Nook, OFWs can find the right housing loan and submit documents online for the approval of a major local bank. Upon approval of the housing loan, settlements to the bank can be coursed through AQWIRE’s platform.
