Thousands of Filipino homeowners with Metrobank home loans are overpaying every month. Refinancing to as low as 5.99% p.a. through Nook could cut your monthly payment by thousands of pesos — and the service is completely free.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Metrobank is one of the Philippines' largest banks and a popular choice for home loans — but like most traditional banks, its standard variable rates typically range from 7% to 10% p.a. depending on your loan term and repricing period. If you took out your Metrobank home loan a few years ago and haven't reviewed your rate since, there's a strong chance you're paying significantly more than you need to. Please note: rates shown are approximate and based on publicly available information. Always verify current rates directly with Metrobank, as rates are subject to change.
Refinancing means switching your existing home loan to a new lender offering a lower interest rate. Through Nook, you can compare verified offers from multiple partner banks — all competing for your loan — and secure rates as low as 5.99% p.a. On a 3,000,000 peso loan with 20 years remaining, the difference between 8.50% and 5.99% translates to nearly 4,000 pesos saved every single month. That's real money back in your pocket, year after year. If you want to understand the full Metrobank home loan refinancing process and current rate landscape, Nook has a detailed guide to help you prepare.
The good news is that switching lenders is more straightforward than most people think, especially with a broker handling the legwork for you. Nook's service is 100% free to borrowers — we're paid by the bank you choose, not by you. You won't pay a broker fee, and you won't have to chase multiple banks yourself. If you're unsure whether you qualify or what documents you'll need, our guide to Metrobank housing loan requirements is a helpful starting point for understanding standard eligibility criteria before you apply.
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 can refinance your Metrobank home loan to any bank willing to take on your loan — this is called an external refinance or loan takeout. The new bank pays off your outstanding Metrobank balance, and you start fresh with a new loan at the new bank's rate. Nook can help you compare offers from multiple banks simultaneously at no cost to you.
Metrobank's home loan rates typically range from around 7% to 10% p.a. depending on the loan amount, term, and repricing period selected. However, rates change regularly and may vary based on your specific profile and the current promotional offers available. We strongly recommend verifying the latest rates directly with Metrobank, and comparing them against offers from Nook partner banks before making a decision.
Savings depend on your outstanding loan balance, remaining term, and the rate gap between your current Metrobank rate and the best rate you qualify for. On a 3,000,000 peso loan at 8.50% with 20 years remaining, switching to 5.99% p.a. saves approximately 3,921 pesos per month — nearly 705,780 pesos over the life of the loan. Use Nook's free calculator to estimate your personal savings in under two minutes.
There can be some costs to factor in, including a redemption or early settlement fee from Metrobank (check your original loan contract), as well as standard processing and documentation fees from the new bank. In most cases, the monthly savings from a lower rate recover these one-time costs within 12 to 24 months. Nook's team can help you calculate the true break-even point for your specific situation.
Yes, completely free. Nook is a mortgage broker, which means partner banks pay us a finder's fee when a loan is successfully placed — you pay nothing for the comparison, application support, or processing assistance. There are no hidden charges, no subscription fees, and no obligation to proceed after getting your comparison results.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →