Many Metrobank home loan borrowers are paying 7.5% or more — refinancing through Nook could drop your rate to as low as 5.99% p.a. and save you thousands every year, completely free.
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Why this matters
Metrobank is one of the Philippines' most trusted banks, but like most traditional lenders, its repricing cycles mean many existing borrowers are locked into rates well above what the market currently offers. If your Metrobank home loan was fixed two or more years ago, your rate may have repriced to 7.5%, 8%, or even higher — and you could be significantly overpaying every single month. Refinancing lets you move your loan to a bank offering a lower rate, resetting your repayments and freeing up real cash each month. Please note that Metrobank rates shown here are approximate, based on publicly available information, and subject to change — always verify current rates directly with the bank.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We work with a panel of verified partner banks to find you the best available refinance rate for your specific loan size, remaining term, and property type. Rather than applying to multiple banks yourself — each with its own requirements, timelines, and paperwork — Nook handles the comparison and submission process on your behalf. If you're weighing your options, our BDO vs Metrobank refinance rates comparison is a helpful starting point to see how the numbers stack up side by side.
Switching banks can feel daunting, but it's more straightforward than most people expect — and the savings are very real. On a 3,000,000 peso loan with 20 years remaining, moving from a 7.75% rate to 5.99% could save you over 3,700 pesos per month. That's money back in your pocket every single month, without changing your property or your loan term. Interest rates are subject to change, and your actual savings will depend on your current rate, remaining balance, and the terms you qualify for. Start with a free Nook assessment to see exactly what you could 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 — refinancing from Metrobank to another bank is a standard and widely available option in the Philippines. The new bank pays out your remaining Metrobank balance, and you begin repaying the new lender at a lower rate. Nook's partner banks regularly accept refinance applications from existing Metrobank borrowers, and the process is generally smoother than applying for a new purchase loan.
Through Nook's partner banks, the best available refinance rate is currently 5.99% p.a. — significantly lower than the 7.5%–8.5% range many Metrobank borrowers are paying after repricing. Your actual rate will depend on your loan amount, remaining term, and credit profile. Rates are subject to change, so it's worth getting a personalised quote sooner rather than later.
Metrobank may charge a pre-termination fee if you refinance during a fixed-rate lock-in period — typically the first one to three years of your loan. Once your loan has moved past that lock-in window, penalties usually no longer apply. Nook will help you check your loan documents and calculate whether the savings from refinancing outweigh any exit costs before you commit.
Nook is a free digital mortgage broker — you pay nothing for our service. We compare rates across our panel of verified partner banks, match you with the best offer for your situation, and guide you through the application and approval process end to end. Our revenue comes from the bank, not from you, so there's no conflict of interest in the recommendation we make.
Metrobank is a reputable lender, but its repriced rates are often less competitive than what Nook's partner banks can offer on refinance deals. If you're curious how it stacks up, check out our BPI vs Metrobank refinance rates comparison for a detailed breakdown. Working through a broker like Nook means you get verified, up-to-date rates from multiple banks — not just the one you walk into.
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