Metrobank offers home loans to millions of Filipinos — but if your loan is more than a year old, you could be paying a rate far higher than today's best available options. Refinancing through Nook could save you thousands every month, completely free.
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Why this matters
Metrobank is one of the Philippines' largest and most trusted banks, and its home loan products are widely used by Filipino homeowners and property buyers. However, like most Philippine banks, Metrobank's posted home loan interest rates typically range from 7.00% to 10.00% per annum depending on the fixing period and your loan profile. These rates are approximate figures based on publicly available information and are subject to change — always verify the current rate directly with Metrobank before making any decisions. If you took out your home loan two or more years ago, there's a good chance your repriced rate is sitting somewhere between 8% and 10%, meaning you could be significantly overpaying. For a deeper look at Metrobank home loan refinancing options and the process involved, we've put together a full guide that walks you through how it works.
So how does Metrobank stack up against BDO and BPI? All three banks offer competitive fixed-rate periods (typically 1, 2, 3, 5, or 10 years), after which your loan reprices to the prevailing rate. BDO and BPI often run promotional rates for new borrowers, but existing borrowers on repriced terms are rarely offered the same deals. This is exactly the gap that Nook was built to close. As the Philippines' first digital mortgage broker, Nook works with a panel of partner banks to surface the best available rates — currently as low as 5.99% p.a. — and handles the entire refinancing process for you at zero cost to you as the borrower. If you're unsure whether you qualify, our full eligibility guide for Metrobank housing loan requirements is a great place to start understanding what lenders look for.
The bottom line: if you're currently on a Metrobank home loan rate above 7.50%, refinancing is almost certainly worth exploring. On a 3,000,000 peso loan with 20 years remaining, moving from 8.50% to 5.99% could save you over 4,000 pesos every single month. That's money that stays in your family's pocket. Nook's free online application takes minutes, and our mortgage specialists will compare options across multiple banks on your behalf — so you don't have to negotiate alone. Interest rates shown on this page are approximate and subject to change. Always verify current rates with your bank or a licensed financial adviser.
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
Metrobank's home loan rates generally range from around 7.00% to 10.00% per annum depending on the fixing period chosen (1, 2, 3, 5, or 10 years) and your individual borrower profile. These are approximate figures based on publicly available information and are subject to change — we strongly recommend contacting Metrobank directly or speaking with a Nook mortgage specialist to get the most up-to-date rate applicable to your situation. Through Nook's panel of partner banks, rates as low as 5.99% p.a. are currently available.
Yes, absolutely — refinancing your Metrobank home loan with another bank is a common and straightforward process in the Philippines. You are not locked in to staying with Metrobank once your fixed-rate period ends or at any point after you've repaid any applicable lock-in penalties. Nook can help you compare offers from multiple banks and handle the paperwork, all at no cost to you.
Savings depend on your current rate, outstanding balance, and remaining term — but borrowers paying 8.50% on a 3,000,000 peso loan with 20 years remaining could save over 4,000 pesos per month by refinancing to 5.99% p.a. Over the life of the loan, that adds up to hundreds of thousands of pesos in interest. Use Nook's free savings calculator to get an estimate tailored to your loan.
To refinance, you'll typically need to be a Filipino citizen (or eligible foreign national), employed or self-employed with verifiable income, and have a good credit standing with no significant arrears on your current loan. You'll also need to provide documents including your title, tax declaration, and recent payslips or financial statements. For a complete checklist, see our detailed guide on Metrobank housing loan requirements, documents, and eligibility.
Yes — Nook's mortgage broking service is 100% free for borrowers. Nook is compensated by the lending bank when a loan is successfully placed, which is the standard broking model used in markets like Australia and the UK. You get access to multiple bank offers, expert guidance, and a fully digital application process without paying a single peso in broker fees.
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