If you have a Metrobank home loan, you could be paying more than you need to. Refinancing through Nook could lower your rate to as little as 5.99% p.a. — and our service is completely free.
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Why this matters
Metrobank is one of the Philippines' largest banks and a popular choice for home loans — but like most major banks, its standard home loan rates typically range from 7% to 10% per annum depending on the fixing period and your loan profile. If you took out your Metrobank home loan a few years ago, there's a strong chance your current rate no longer reflects what's available in the market today. Refinancing means switching your existing loan to a new lender offering a lower rate, reducing your monthly amortisation and freeing up cash every month.
Through Nook, you can compare verified rates from multiple partner banks — all in one place, with no broker fees charged to you. Instead of calling each bank individually, filling out separate forms, and trying to compare offers that use different terms, Nook does the legwork for you. Our mortgage specialists will assess your current Metrobank loan, identify which partner banks can offer you a better deal, and guide you through the entire switching process. For a broader look at how Metrobank compares to other lenders, see our detailed rate and savings comparison guide.
It's worth noting that the rates shown on this page are approximate figures based on publicly available information about Metrobank home loan products and are subject to change without notice. Actual rates will depend on your loan amount, remaining term, credit profile, and the fixing period you choose. We always recommend verifying your current rate directly with Metrobank before making any decision — and then using Nook to see whether a better option exists. If you're still weighing whether refinancing makes sense for your situation, our guide on why and when to switch banks breaks it down step by step.
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
Yes, you are not locked into staying with Metrobank once your current fixing period ends. Refinancing to a different bank — called an external refinance — involves taking out a new home loan with a new lender to pay off your existing Metrobank balance. Nook can help you identify which banks are currently offering the most competitive rates for your loan size and profile.
Metrobank's home loan rates are not publicly listed in real time and can vary depending on your loan amount, term, and chosen fixing period. Based on publicly available information, standard rates typically fall in the 7% to 10% range, but these figures are approximate and subject to change. Always confirm your exact current rate directly with Metrobank before making refinancing decisions.
Based on a 3,000,000 loan with a remaining 20-year term at approximately 8.50%, switching to a rate of 5.99% could reduce your monthly payment by over 3,000 pesos — adding up to more than 550,000 pesos in total interest savings over the life of the loan. Your actual savings will depend on your remaining balance, current rate, and the new rate you qualify for.
Many Philippine home loans carry a pre-termination penalty if you refinance during a fixed-rate period, typically ranging from 1% to 3% of the outstanding balance. Once your fixing period expires, this fee usually no longer applies, making it the ideal time to refinance. Nook's mortgage specialists can help you calculate whether the penalty cost is outweighed by your long-term interest savings.
Nook is a free digital mortgage broker — there is no fee charged to you at any point in the process. You share your loan details with Nook, and our specialists compare offers from multiple accredited partner banks to find the best available rate for your situation. We then support you through the paperwork and application until your new loan is disbursed and your Metrobank loan is settled.
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