RCBC partners with Nook

MANILA, Philippines — Yuchengco-led Rizal Commercial Banking Corp. (RCBC) has partnered with online mortgage broker platform Nook to ease the process of home loan application.

RCBC consumer lending group head Rommel Latinazo said the bank is looking forward to bringing this convenient banking solution to clients to help fast-track their dream of buying a home.

Through this partnership, Nook acts as an intermediary between borrowers and the bank, allowing Filipinos to choose and evaluate their options carefully, while RCBC will process and evaluate applications coursed through Nook.

“We understand RCBC’s loan requirements. With our technology and team of Nook home loan consultants, we can help clients secure a housing loan quickly without ever leaving their home and with free assistance the entire way through to loan completion,” Nook chief executive officer Chris Elder said.

Nook is an online platform that offers clients an end-to-end home purchase process, from choosing a home to approval of a loan.  It guides the users through the application process where pre-qualification can be completed within a few minutes.

The platform facilitates submission of required documents online, significantly shortening the loan application process.