Online mortgage broker Nook is driving for a more inclusive banking and loaning system in the Philippines as it strengthens its partnership with local banks and provides Filipinos with more home loan options across its online platform. By being a part of Nook’s growing list of partners, these banks also open more opportunities to reach their market in all parts of the country.
Despite various initiatives of both the private and public sectors in bridging the gap between financial institutions and the unbanked Filipinos, a huge number of the total population of the Philippines still remains bereft of securing, applying for property and commercial loans.
As the first online mortgage broker in the country, Nook aims to provide easy application access to many Filipinos without any charges and help a borrower save thousands in home loan repayments. With its partnership with PH banks, more Filipinos will have access to easier home loan processes that would allow them to secure their dream properties in no time.
Today, every Filipino around the country who has access to the internet can now easily adopt online systems and perform convenient digital transactions. Nook encourages people to utilize such platforms to avoid having the need to go out, visit banks, and procure options from various institutions.
“Our continuous search for more bank partners is a testament to our commitment to push for a more inclusive banking and loan environment in order to help Filipinos to get to their properties faster. Especially during this time, we aim to bridge our customers to their banks of choice at the comfort and safety of their homes,” Chris Elder, Chief Executive Officer of Nook, said. “We are excited to add more banks to our list of partners as we continue to expand and understand the Filipino market.”
