Thousands of Filipino homeowners are refinancing in 2026 to escape high interest rates. Nook can show you if switching to — or away from — Metrobank saves you money, for 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 genuinely competitive for many borrowers. However, like all Philippine banks, Metrobank's advertised rates — typically ranging from around 7% to 10% depending on the fixing period and your loan profile — are starting points, not guaranteed offers. If you took out your Metrobank home loan more than three years ago, there is a strong chance your current rate no longer reflects what the market offers today. Refinancing, whether to Metrobank or through a Nook partner bank, could meaningfully reduce your monthly repayment. You can compare Metrobank and BDO refinance rates side by side to see how the numbers stack up before you commit to anything.
One important distinction worth understanding: Nook is a digital mortgage broker, not a bank. Nook's partner banks have provided verified, current refinance rates directly to Nook — meaning when you apply through Nook, you're getting real offers with no guesswork. Metrobank rates shown on this page are approximate figures based on publicly available information and are subject to change without notice. We always recommend verifying the latest Metrobank rates directly with the bank or through a qualified broker. If Metrobank turns out to be the best deal for your situation, great — Nook will tell you that. If a Nook partner bank can beat it, you'll see exactly how much you save before you sign anything.
The refinancing process in the Philippines typically takes four to eight weeks from application to loan release, and most borrowers are surprised by how straightforward it is. Nook handles the comparison, paperwork coordination, and bank communication on your behalf — at absolutely no cost to you. The broker fee is paid by the lending bank, not the borrower. If you're curious about the full switching process, our guide on why and how borrowers refinance their home loans walks through every step in plain Filipino English. Interest rates and loan terms are subject to change; all figures on this page are illustrative and based on a 20-year remaining term.
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 are generally reported in the range of 7% to 10% per annum depending on the loan amount, fixing period (typically 1, 2, 3, or 5 years), and the borrower's credit profile. These figures are based on publicly available information and are approximate — Metrobank adjusts its rates periodically, so you should confirm the latest rates directly with the bank or ask Nook to source a verified comparison from its partner banks at no cost to you.
Yes, absolutely — refinancing away from Metrobank to another bank is legal, common, and often financially worthwhile. You will need to settle any outstanding Metrobank balance using the proceeds of your new loan, and Metrobank may charge a prepayment penalty if you are still within a lock-in period (typically the first three to five years). Nook can help you calculate whether the savings from a lower rate outweigh any exit fees before you make a decision.
When you go directly to Metrobank, you only see Metrobank's rates and products. Nook is a free mortgage broker that sources verified offers from multiple partner banks simultaneously, so you can compare real rates side by side without doing the legwork yourself. Nook's service costs the borrower nothing — the fee is covered by whichever bank you ultimately choose, and you are never obligated to accept any offer.
The standard documentary requirements for home loan refinancing in the Philippines include a valid government-issued ID, proof of income (recent payslips and ITR for employed applicants, or financial statements for self-employed), a copy of your existing loan statement of account, the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), and a recent tax declaration. Your Nook advisor will give you a precise checklist based on your specific situation so nothing is missing when you submit.
The refinancing timeline in the Philippines typically runs between four and eight weeks from the submission of complete documents to loan release, though this can vary depending on the bank's processing load and the completeness of your paperwork. Title transfer and annotation steps can sometimes extend the timeline, particularly for properties in high-volume registries. Nook monitors your application throughout the process and follows up with the bank on your behalf to avoid unnecessary delays.
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