NOOK HOME LOAN

After clicking the ‘Apply Now’ button, the system will ask you to log in or create a Nook account. Creating an account is required to validate your Nook home loan application.

Provide your personal information. If you selected a co-borrower or married as status in the pre-qualification, this page will automatically add fields where you can provide your co-borrower or spouse’s information.

Make sure to provide the correct info. All fields in the Nook home loan application wizard are required by banks. Providing wrong information may cause a delay in your housing loan application.

Provide your contact information. Nook, as well as the bank you’ve chosen, would need this info to verify your home loan application. Your address must be carefully filled out to avoid misinformation. Also provide the status of your home ownership.

Note: If you think you need more time to accomplish the home loan application form or your requirements are still incomplete, you can always choose ‘Save for later’. You can always go back to your account and continue editing your Nook home loan application once you have all the information you need.

Modify your Loan Term and Fixing Period if needed. This will help you achieve the lowest amount for Monthly Repayments that will suit your budget.

Provide your Company Industry, Company Name, TIN, SSS, and office contact details. If you have a co-borrower from the pre-qualification wizard, this is where you provide their employment information.

Provide your dependents. This is needed because some banks might require you to have a dependent. However, this is still on a case-to-case basis.

On the Legal Documents section, our partner banks will initially require proof of identification as well as employment records. Prepare the following requirements:

• Two (2) valid IDs and another two (2) valid IDs if you declared a co-borrower
• Certificate of Employment
• BIR Form 2316

Then, fill out the ‘Property to be Purchased’ section which includes the property’s Address, Contact Person, and Contact Number. You would also need to submit the applicable documents required by the bank related to the property you want to acquire.

• Title/Contract to Sell/Reservation Agreement
• Tax Declaration (Land/Condo/Townhouse)
• Tax Declaration (Improvement/Building)
• Bill of Materials or Building/Floor Plan. 

If these are not yet ready to be submitted, you can always choose ‘No, I will submit it later’ and complete the requirements first.

You can also inform Nook if you were assisted by one of their staff so they can acknowledge the individual.

Click ‘Review’ to proceed to your loan application summary page. Make sure to double check all info before submitting.

Tick the boxes to Agree to Nook’s Terms and Conditions. Click ‘Submit Application’ to finish.

Nook will provide a reference number for tracking purposes.

You can always check the status of your Nook home loan application in your Nook account. Just visit the ‘Home Loan Applications’ section to see your application’s status.

Here are terms and definitions to further guide you with your housing loan application:

• Draft – You have an unfinished application. You can then continue editing and submit when ready.
• New – Newly submitted Home loan application.
• Nook Review – Nook evaluates your home loan application before submitting to the bank. This might take longer if we still need more information regarding your application.
• Nook Declined – This can be due to invalid requirements/application or if you have a pending application that is not being submitted for a long time.
• Referred to Bank – Loan application passed Nook’s evaluation and is now submitted to the bank.
• Bank Approved – Bank reviewed and approved your home loan application. Bank will then contact you for the next steps.
• Bank Declined – Loan application did not pass the bank’s review. Bank will directly liaise with the borrower regarding the loan application issues.