Thousands of Filipino homeowners with Metrobank home loans are paying rates of 8% or higher. Nook can help you switch to a partner bank offering as low as 5.99% p.a. — for free.
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Why this matters
Metrobank is one of the Philippines' largest and most trusted banks, and many homeowners took out their home loans with Metrobank years ago when rates were the best available to them. But home loan rates change, and if your Metrobank loan is past its fixed-rate lock-in period, there's a strong chance you're now sitting on a repriced rate of 8% to 10% p.a. — significantly above what Nook's partner banks are currently offering. You can learn more about the Metrobank home loan refinancing process and current rates to understand what your existing loan terms look like before you make any decisions.
Refinancing your Metrobank home loan means taking out a new loan with a different bank at a lower interest rate, using the proceeds to fully pay off your existing Metrobank balance. The process involves submitting updated documents, a new property appraisal, and credit evaluation — but Nook handles the heavy lifting for you at absolutely no cost. Our team compares verified offers from multiple partner banks simultaneously, so you don't have to approach each bank one by one. Note that rates shown here are approximate figures based on publicly available information about Metrobank's standard home loan rates and are subject to change; always verify your current rate on your latest Statement of Account before calculating your potential savings.
Before starting your refinance application, it's worth reviewing the full eligibility and document requirements for Metrobank housing loans so you understand what records you'll need to gather. Whether you're refinancing away from Metrobank or simply exploring your options, Nook gives you a transparent, side-by-side comparison of real partner bank offers — giving you the information and leverage you need to make the best financial decision for your family.
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
Technically yes, but refinancing during your lock-in period typically triggers a prepayment penalty from Metrobank, which can range from 1% to 3% of the outstanding loan balance. It's important to weigh this cost against your projected interest savings before proceeding. Nook can help you run the numbers so you know whether refinancing now or waiting until your lock-in expires makes more financial sense.
You'll generally need government-issued ID, proof of income (payslips or ITR), your latest Metrobank Statement of Account, a copy of the Transfer Certificate of Title (TCT), and the Condominium Certificate of Title (CCT) if applicable. The receiving bank will also require a new property appraisal, which they typically arrange. Nook will give you a complete checklist tailored to your situation once you start your application.
The full refinancing process typically takes 4 to 8 weeks from application to loan release, depending on the receiving bank's processing speed and how quickly you can submit complete documents. Delays are most often caused by incomplete document submissions or title issues, so preparing your paperwork early makes a big difference. Nook's team guides you through each step to help keep things moving as efficiently as possible.
Yes, Nook's service is 100% free to you as the borrower — there are no broker fees, consultation fees, or hidden charges. Nook earns a referral fee from the partner bank only if your loan is successfully approved and released. This means Nook's incentive is fully aligned with getting you the best possible approved offer, not just any offer.
Through Nook's partner banks, qualified borrowers can access rates as low as 5.99% p.a. on a fixed-rate term, compared to the 8% to 10% that many repriced Metrobank borrowers are currently paying. Your actual rate will depend on your loan amount, remaining term, property type, and credit profile. All rates are subject to change and final rates are confirmed upon formal bank approval, so starting your Nook application is the fastest way to see real, current offers available to you.
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