Thousands of Filipino homeowners are still paying 8–9% interest on their Metrobank home loans. Nook compares every major bank to find you a lower rate — completely free.
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Why this matters
Metrobank is one of the Philippines' largest and most trusted banks, and many Filipinos took out their home loans there years ago. But if you've been with Metrobank for more than three years and haven't revisited your interest rate, there's a good chance you're overpaying. Metrobank's standard home loan rates — based on publicly available information — typically range from 7.5% to 9.5% per annum depending on your loan term, fixing period, and when you originally applied. These rates are approximate and subject to change, so always verify directly with Metrobank or a licensed broker before making any decisions.
Refinancing doesn't necessarily mean leaving Metrobank. It means shopping the market to make sure you're getting the best possible deal. Through Nook, you can compare Metrobank's current refinancing offers against verified rates from our network of partner banks — all in one place, with no broker fees. If a Nook partner bank can offer you a significantly lower rate, like the 5.99% p.a. currently available, the savings over a 20-year loan can easily exceed half a million pesos. For a full breakdown of what Metrobank requires if you're refinancing to or from them, see our Metrobank housing loan requirements guide.
The refinancing process in the Philippines typically takes 4 to 8 weeks and involves submitting income documents, a property appraisal, and loan payoff coordination with your current bank. Nook's team handles the heavy lifting — coordinating with lenders, preparing your application, and keeping you updated every step of the way. Whether you're looking to lower your monthly payment, shorten your loan term, or simply get more certainty with a fixed rate, refinancing your Metrobank home loan through Nook is a smart place to start.
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 refinancing rates typically range from approximately 7.5% to 9.5% per annum, depending on your fixing period and loan tenure. These figures are approximate and subject to change — you should confirm current rates directly with Metrobank or through a broker like Nook, who can compare Metrobank's live offers against other lenders at no cost to you.
Yes, you can refinance from Metrobank to another bank as long as your loan has been active for at least one year and you've met your original bank's lock-in period requirements (typically 2–3 years). Nook works with multiple partner banks that may offer significantly lower rates than your current Metrobank loan, and our service is completely free for borrowers.
The refinancing process in the Philippines generally takes between 4 to 8 weeks from initial application to loan release, though timelines vary depending on document completeness and property appraisal scheduling. Working with Nook can help streamline the process since our team manages the coordination with your new lender and keeps your application moving forward.
You'll typically need your latest Statement of Account from Metrobank, proof of income (payslips, ITR, or audited financial statements for the self-employed), valid government-issued IDs, and your property's Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT). For a complete checklist, see our detailed Metrobank housing loan requirements guide.
It can still be worthwhile, especially if your current rate is significantly above today's best available rates. Even with a shorter remaining term, dropping from 8.5% to 5.99% on a 3,000,000-peso balance could save you tens of thousands of pesos in interest. Nook can run the exact numbers for your situation for free so you can make an informed decision.
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