Thousands of Filipino homeowners are refinancing to cut their monthly payments. Nook compares top Philippine banks for free so you get the lowest rate available — not just what one bank offers.
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Why this matters
Metrobank is one of the Philippines' most established banks, and many homeowners consider it when thinking about refinancing. Like all major local banks, Metrobank periodically adjusts its home loan rates based on market conditions. However, published rates — typically ranging from around 7% to 10% p.a. depending on the fixing period — are approximate figures based on publicly available information and are subject to change without notice. Before making any decision, always verify the current rate directly with Metrobank, as promotional tiers and specific terms vary and cannot be confirmed without a formal application.
Understanding why banks offer refinancing helps you negotiate from a position of strength. Banks compete for quality borrowers — homeowners with consistent payment histories, stable income, and meaningful equity in their property. When you refinance, you're not asking for a favour; you're bringing a valuable account to a new lender. This is why shopping across multiple banks through a broker like Nook almost always yields a better outcome than approaching a single institution. If you want to understand the full landscape of what switching banks looks like, our guide on switching banks and saving on interest walks through the process in detail. The best refinance rate currently available through Nook's partner banks is 5.99% p.a. — significantly below what most homeowners are currently paying.
Nook's service is completely free to borrowers. We work with a network of verified partner banks whose rates we can confirm in real time, which means you get accurate comparisons rather than estimates. Whether you're currently with Metrobank and exploring options elsewhere, or considering moving to Metrobank, the smartest first step is to see what the full market offers. Our team handles the paperwork, coordinates with lenders, and guides you through every step — so refinancing doesn't become a second job. Note: all interest rates mentioned are indicative, subject to change, and should be verified directly with the relevant bank before proceeding.
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% to 10% p.a. depending on your chosen interest fixing period and loan profile. These figures are approximate and subject to change — you should contact Metrobank directly or speak with a Nook advisor to get a verified current rate tailored to your situation.
No single bank is always the best option for every borrower — rates and terms vary based on your loan amount, remaining term, property type, and financial profile. Nook compares multiple partner banks simultaneously at no cost to you, which means you can see whether Metrobank or another lender offers the most competitive deal before committing. For a broader look at switching to Metrobank and what the process involves, our detailed guide covers the key steps.
Savings depend on your current rate, outstanding balance, and remaining term, but homeowners refinancing from rates of 8–10% down to around 5.99% p.a. can save tens of thousands of pesos per year. On a 3,000,000 peso loan with 20 years remaining, dropping from 8.50% to 5.99% saves over 37,000 pesos annually. Use Nook's free calculator or speak with an advisor for a personalised estimate.
Nook is genuinely free for borrowers — we're compensated by the bank you ultimately refinance with, similar to how a real estate broker is paid by the seller rather than the buyer. There is no fee to compare rates, no obligation to proceed, and no cost at any stage of the process for you as the homeowner.
Typically you'll need a valid government ID, proof of income (payslips or ITR for the past 2 years), your existing loan's statement of account or amortisation schedule, and the Transfer Certificate of Title (TCT) of your property. Nook's team will give you a precise checklist once you submit your details, and we handle coordination with the bank so you're not managing the paperwork alone.
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