Many Metrobank home loan borrowers are paying 8.50% or more — when today's best refinance rates start at just 5.99% p.a. through Nook partner banks. Find out in minutes how much you could save.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Metrobank is one of the Philippines' largest banks and a well-known name in home financing. However, like most traditional banks, Metrobank's re-pricing cycles mean many existing borrowers find themselves locked into rates of 8% to 10% or higher — rates that made sense when they signed, but look expensive compared to what's available today. If your loan has been running for three years or more and you haven't reviewed your rate, there's a strong chance you're overpaying every single month. For a deeper look at whether refinancing your Metrobank loan is the right move, see our full guide on whether switching is worth it.
Refinancing away from Metrobank — or into a Nook partner bank — is more straightforward than most homeowners expect. The process involves submitting updated documents (income, property title, loan statement), a new appraisal, and approval from your new lender. The new bank settles your outstanding Metrobank balance, and you begin paying the lower rate immediately. Through Nook, this entire process is managed for you at zero cost. Nook's partner banks have verified, competitive rates and a streamlined digital process — so you're not navigating multiple bank branches or comparing fine print on your own. For a step-by-step breakdown of what the transfer involves, our rates, steps and savings guide covers everything in detail.
One important note: the Metrobank rates referenced on this page are approximate figures based on publicly available information and general market knowledge. Actual rates offered to you by Metrobank may differ depending on your loan tenure, re-pricing schedule, and the current promotional tiers they offer. Rates are subject to change without notice and should always be verified directly. What Nook can guarantee is access to the best available rates from its panel of partner banks — starting at 5.99% p.a. — with a free, no-obligation quote so you know exactly where you stand before committing to anything.
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
Based on publicly available information, Metrobank home loan rates typically range from approximately 7% to 10% p.a. for standard re-priced loans, though promotional rates for new borrowers may differ. These figures are approximate and subject to change, so you should contact Metrobank directly or check your latest loan statement to confirm your current rate before making any refinancing decision.
Yes — refinancing away from Metrobank to another bank is entirely legal and common in the Philippines. Your new lender pays off your outstanding Metrobank balance, and your loan is transferred under the new bank's terms and interest rate. There is typically a penalty-free window after your fixed-rate period ends, so timing your refinance correctly can help you avoid early settlement fees.
On a 3,000,000 peso loan with a remaining 20-year term, moving from 8.50% to 5.99% could reduce your monthly payment by roughly 4,500 pesos — that's over 54,000 pesos saved per year. Your actual savings depend on your outstanding balance, remaining term, and the rate you qualify for, which is why Nook provides a personalised savings estimate before you commit to anything.
Nook's service is completely free to the borrower. Nook is compensated by its partner banks, not by you, so you get access to verified competitive rates and full loan processing support at no extra cost. The only fees you'll typically encounter are standard government and bank charges (like appraisal and documentary stamp tax) that apply to any home loan refinancing in the Philippines.
The refinancing process in the Philippines generally takes between 4 to 8 weeks from document submission to loan release, depending on the lender and how quickly documents are processed. Nook's digital-first approach and dedicated processing team help keep things moving efficiently, and you'll have a single point of contact throughout — rather than chasing multiple bank branches yourself.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →