Millennials poised to drive the Philippine home loan market ⁠—Nook

Millennials emerged as the fastest-growing generation to contribute to the growth of the home loan landscape in the country, according to PH’s first online mortgage brokering platform, Nook. As the platform disrupts the home loan process in the Philippines, millennials are seen to lead the industry as they express keen interest to invest in real estate properties.

The millennials or Generation Y are often lumped into somewhat narrow categories of traits and characteristics and are stigmatized for being self-absorbed and narcissistic according to a research article by Grubbs et al in 2019. While millennials are seen to prioritize other leisure activities, data shows that millennials, in fact, are generally good financial planners. Based on an article by Forbes in 2019, millennials are taking advantage of finding new alternative investments and securing stability to settle down for their future. The millennial generation is both captive to and captivated by growing their money over time, investing in various social and environmental causes. 

Why debit cards are a millennial’s best partner in adulting

Millennials like to do things in their own way. Unlike the generations before them, these passionate young adults do not follow a specific formula for their lifestyles. They are spontaneous, excited, and always going against the flow in search for experiences that will make their lives worth living.

But if there’s one thing that millennials have in common with other generations, it is that they are also financially conscious. And in this modern age, millennials can enjoy the convenience of saving money and shopping for their needs and wants using a trusty debit card. Here are a few reasons why debit cards are preferred by many young Filipinos:

Survey debunks (and confirms) workplace myths on millennials

Home Credit’s HR survey reveals interesting data about tweens—and thirtysomethings, too

Much has been said about millennials, the segment of the population that typically falls in the 18-29 age range. Every aspect of their behavior, from their TV viewing habits and shopping preferences to home and workplace behavior, is constantly being scrutinized. 

With many applicants and new hires coming from this segment, companies are eager to know what makes millennials tick, what motivates them, and perhaps most important of all, what would make them stay with the company. To do this, we need to separate the facts from the myths, the conclusions from the assumptions, and confirm or debunk them as needed. 

This is exactly what Prague-based fintech company Home Credit—itself an employer to more than 4,800 millennials, or 82% of the Home Credit PH workforce—did, as it recently surveyed close to 600 applicants about their career and workplace preferences (you can check out the survey here). 

With close to 80% of the respondents falling under the 18-29 range, it gave plenty of interesting insights about millennials, while shedding some light on the other/older respondents, too—allowing us to determine whether the following are simply myths, or solid facts: