Thousands of Filipino homeowners are refinancing away from rates of 8% or higher — Nook can help you compare Metrobank against top lenders and find the lowest rate available today, completely free.
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Why this matters
Metrobank is one of the Philippines' largest and most established banks, and many homeowners have held their home loans with Metrobank for years — sometimes decades. But long-standing loyalty doesn't always translate to the best interest rate. Based on publicly available information, Metrobank's standard home loan rates typically range from 7.50% to 9.50% per annum depending on the fixing period and loan terms. These rates are approximate, subject to change, and you should always verify current rates directly with Metrobank. If you locked in your rate several years ago, there's a strong chance you're paying significantly more than what's available in the market today. Note: Nook is not a Metrobank partner, so we cannot confirm live promotional rates from Metrobank — but we can show you verified rates from our network of partner banks.
Refinancing your Metrobank home loan means transferring your outstanding balance to a new lender offering a lower rate — potentially saving you hundreds of thousands of pesos over the life of your loan. The process involves a new loan application, property appraisal, and legal documentation, but Nook's team handles the heavy lifting for you at no cost. Whether you're considering whether it's worth switching from Metrobank or already ready to act, comparing your current rate against Nook's partner bank rates (starting from 5.99% p.a.) is the smartest first step. There are no broker fees, no hidden charges, and no obligation to proceed.
The key question isn't whether Metrobank is a good bank — it is. The question is whether your current rate is still competitive. If you took out your loan when rates were higher, or if your fixed-rate period has lapsed and you've rolled onto a standard variable rate, you may be significantly overpaying. Use the savings calculator above as a guide, then explore your refinancing options across multiple banks through Nook to find the best fit for your situation. Interest rates across all lenders are subject to change — always confirm the latest rates before making a decision.
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
Based on publicly available information, Metrobank's home loan rates generally range from approximately 7.50% to 9.50% per annum depending on the loan fixing period and borrower profile — but these figures are approximate and subject to change without notice. Because Nook is not a Metrobank partner bank, we are unable to provide verified live rates from Metrobank directly. We strongly recommend contacting Metrobank directly or visiting their website to confirm the most current rates before making any decisions.
Yes, you can transfer your Metrobank home loan to another bank through a process called refinancing or loan takeout — this is completely legal and common in the Philippines. Your new lender pays off your existing Metrobank balance, and you begin repaying the new lender at the agreed lower rate. Nook works with multiple partner banks and can help you identify which lender offers you the most competitive rate for your specific loan amount and remaining term, all at no cost to you.
Your savings depend on your current interest rate, your outstanding loan balance, and the new rate you qualify for. For example, a borrower with a 3,000,000 outstanding balance at 8.50% p.a. refinancing to 5.99% p.a. could save approximately 3,914 per month — that's over 46,000 per year and more than 700,000 over a 15-year remaining term. Use Nook's free calculator to get an estimate based on your actual numbers, then speak with a Nook advisor to confirm what's possible.
Standard refinancing requirements typically include a valid government-issued ID, your latest Metrobank loan statement showing the outstanding balance, proof of income (payslips or ITR for the past 2 years), a copy of your Transfer Certificate of Title (TCT), and a recent tax declaration and real estate tax receipts. The exact requirements will vary by your new lender, but Nook's team will guide you through the full document checklist once you're matched with a partner bank — saving you from having to figure it out alone.
The refinancing process in the Philippines typically takes between 4 to 8 weeks from application to loan release, depending on how quickly documents are submitted and how fast the new bank's internal processes move. Nook helps accelerate this by preparing your application correctly the first time and following up with the bank on your behalf. Most borrowers find the process significantly smoother with a broker than going directly to a bank, since Nook knows exactly what each lender needs.
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