If you took out a Metrobank home loan a few years ago, there's a good chance you're paying a rate that's 2% to 4% higher than what's available today — refinancing through Nook could save you thousands of pesos every single month.
YOUR ESTIMATED SAVINGS
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Why this matters
Metrobank is one of the Philippines' largest and most trusted banks, and many Filipino homeowners have relied on its home loan products for years. However, like most traditional banks, Metrobank's home loan rates — which have historically ranged from around 7% to 10% per annum depending on the fixing period and market conditions — may no longer be competitive compared to what's available in today's market. If your loan was repriced or originated when rates were higher, you could be significantly overpaying each month without realising it. It's worth noting that the rates shown here are approximate, based on publicly available information, and are subject to change; always verify current rates directly with Metrobank or a qualified broker.
Refinancing means switching your existing Metrobank home loan to a new lender that offers a lower interest rate, potentially saving you millions over the remaining life of your loan. Through Nook — the Philippines' first digital mortgage broker — you can compare verified offers from multiple partner banks in one place, all at no cost to you. Nook's service is completely free for borrowers, and their team handles the paperwork and coordination so you don't have to navigate the process alone. If you want to understand exactly how Metrobank home loan refinancing works and what rates to expect, Nook's resources can walk you through every step.
Before you begin the refinancing process, it helps to know what documents and eligibility requirements are involved. A smooth application depends on having the right paperwork ready from day one — from proof of income to your existing loan statements and property title. You can get a head start by reviewing the full Metrobank housing loan eligibility guide to understand what lenders typically look for. Whether you end up refinancing away from Metrobank or simply want to explore your options, taking action now could be one of the best financial decisions you make in 2026. Interest rates are subject to change, so the sooner you lock in a lower rate, the more you stand to save.
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 in to staying with Metrobank once your fixed-rate period expires or if you are willing to pay any applicable break costs. Many Filipino homeowners successfully refinance to a different bank to secure a lower interest rate or better terms. Nook can help you compare offers from multiple lenders to find the best fit for your situation.
Savings depend on your outstanding loan balance, remaining term, and the difference between your current rate and the new rate offered. Based on a 3,000,000 loan with approximately 20 years remaining, switching from around 8.50% to 5.99% could save you over 3,900 pesos per month and nearly 705,000 pesos over the life of the loan. Use Nook's free calculator to get a personalised estimate based on your actual figures.
Metrobank's home loan rates vary depending on the fixing period selected and prevailing market conditions, and have historically ranged from around 7% to 10% per annum. The rates shown on this page are approximate figures based on publicly available information and are subject to change — you should contact Metrobank directly or speak with a Nook advisor to get the most current rates. Nook's partner banks offer verified rates starting at 5.99% p.a., which may be significantly lower than what you're currently paying.
Yes, Nook's mortgage brokering service is 100% free for borrowers — Nook earns a referral fee from the bank when your loan is successfully placed, so you pay nothing for the advice or application support. There are still standard bank fees involved in refinancing (such as appraisal and registration fees), but Nook will be transparent about these upfront. There are no hidden charges or surprise costs on Nook's end.
The refinancing process in the Philippines typically takes between 4 to 8 weeks from initial application to loan release, depending on the lender and how quickly documents are submitted. Nook streamlines the process by guiding you through each step and coordinating directly with the bank on your behalf. Having your documents prepared early — such as income proof, property title, and your current loan statement — can help speed things up considerably.
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