EastWest Bank offers refinance rates starting at 5.99% p.a. — significantly lower than typical Metrobank standard rates. See how much you could save by switching through Nook, completely free.
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Why this matters
If you currently have a home loan with Metrobank, you may be paying a standard variable or repriced fixed rate somewhere between 7% and 10% per annum — especially if your loan has already passed its initial fixed-rate period. Metrobank is a well-established lender with a strong reputation in the Philippine market, but like most traditional banks, their repricing rates can climb significantly after the honeymoon period ends. For an indicative sense of what Metrobank borrowers are typically paying, you can explore our Metrobank housing loan calculator to model your current payments. It's worth noting that Metrobank rates shown on this page are approximate, based on publicly available information, and subject to change — always verify directly with the bank.
EastWest Bank, a verified Nook partner bank, currently offers some of the most competitive refinance rates in the Philippines: 5.99% p.a. on a 1-year fixed, 6.25% on a 3-year fixed, and 6.49% on a 5-year fixed. With a minimum monthly income requirement of just P40,000 and typical approval in around 19 days, EastWest is accessible to a wide range of borrowers — including those in private employment, government service, BPO, OFW/seafarer roles, and self-employed professionals. The bank supports refinancing as a loan purpose, making it a strong destination for homeowners looking to lower their monthly outgoings. For a broader head-to-head overview of how these two banks compare across loan features, see our EastWest Bank vs Metrobank home loan rates comparison.
When you apply through Nook, the entire broker service is 100% free to you as the borrower. Nook does the heavy lifting — comparing offers, preparing your documents, and coordinating with EastWest Bank on your behalf — so you can focus on what matters: saving money. On a P3,000,000 loan with 20 years remaining, refinancing from a typical 8.50% Metrobank rate to EastWest's 5.99% could reduce your monthly payment by thousands of pesos and save you close to P1,000,000 over the life of the loan. There's no obligation to proceed, and getting a free assessment takes just a few minutes.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
EastWest Bank, as a Nook partner, currently offers verified refinance rates starting at 5.99% p.a. for a 1-year fixed term. Metrobank's refinance rates are generally estimated in the 7–10% range for standard or repriced loans, though exact figures vary and should be confirmed directly with Metrobank. Based on publicly available information, EastWest currently holds a meaningful rate advantage for borrowers refinancing through Nook.
Yes — EastWest Bank is a Nook verified partner with competitive rates, a relatively accessible minimum income requirement of P40,000/month, and a typical approval timeline of around 19 days. They support refinancing as a loan purpose and accommodate a wide range of employment types including OFWs, self-employed individuals, and BPO workers. Applying through Nook means you get expert guidance and a streamlined process at no cost to you.
Yes, you can refinance an existing Metrobank home loan with EastWest Bank — this is one of the most common refinancing scenarios Nook handles. The process involves EastWest Bank paying out your remaining Metrobank balance and issuing you a new loan at a lower rate. Nook will help you assess whether the savings outweigh any applicable fees, such as Metrobank's early termination charges if you are still within a fixed-rate period.
Standard requirements include a valid government-issued ID, proof of income (payslips, ITR, or business financials for the self-employed), your existing loan statement of account from Metrobank, and property documents such as the TCT and tax declaration. Nook will provide you with a personalised checklist based on your employment type and guide you through each step of the submission process.
Nook's broker service is completely free for borrowers — there are no fees charged by Nook at any stage of the process. Standard bank-side costs such as appraisal fees, documentary stamp tax, and mortgage registration fees will still apply, and Nook will give you a full breakdown of these before you commit. Please note that interest rates are subject to change; Nook will confirm the latest available rates at the time of your application.
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