Many Metrobank borrowers are paying 7.5% or higher on their home loan — but the best refinance rates available today start at just 5.99% p.a. Find out how much you could save, for free.
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Why this matters
Metrobank is one of the Philippines' largest banks and a popular choice for home financing. Their housing loan products cover a range of purposes — purchase, construction, renovation, and refinancing — and are available to both employed and self-employed borrowers. However, like most Philippine banks, Metrobank's advertised rates are approximate and subject to change based on your loan tenure, fixing period, and credit profile. Borrowers who took out a Metrobank housing loan several years ago are often locked into rates between 7.5% and 10%, which can mean tens of thousands of pesos in unnecessary interest every year. Note: Rates shown on this page are approximate figures based on publicly available information and are subject to change. Always verify current rates directly with Metrobank before making any financial decisions.
Refinancing your Metrobank home loan through a broker like Nook means you can compare verified, live offers from multiple partner banks — without doing the legwork yourself. Instead of calling each bank individually and submitting multiple applications, Nook matches you with the best available rate in a single, streamlined process. The service is completely free to borrowers. If you're weighing your options, it's also worth reading our detailed BPI vs Metrobank home loan comparison to see how Metrobank stacks up against another major lender before you decide.
The savings from refinancing can be significant. On a 3,000,000 loan, moving from 7.5% to 5.99% over a 20-year term reduces your monthly payment by over 2,600 pesos — that's more than 480,000 pesos saved over the life of the loan. Even if you're mid-way through your Metrobank loan, it may still make financial sense to refinance, especially if your original fixing period has expired and your rate has repriced upward. Use Nook's free assessment to find out exactly where you stand.
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
Metrobank's housing loan rates are not fixed publicly and vary depending on your loan amount, tenure, and chosen fixing period. Based on publicly available information, rates have generally ranged from around 6.5% to 9% or higher for standard borrowers, but these figures are approximate and subject to change. We recommend contacting Metrobank directly or using Nook to compare current verified rates from multiple banks at once.
Yes — refinancing your Metrobank home loan with another bank is entirely possible and is one of the most common ways Filipino homeowners reduce their monthly repayments. The process involves taking out a new loan from a different lender to pay off your existing Metrobank balance, ideally at a lower interest rate. Nook can help you identify the best available refinance offer at no cost to you.
Both Metrobank and BPI are major Philippine banks with competitive housing loan products, but the better choice depends on your loan amount, fixing preference, and borrower profile. For a detailed side-by-side breakdown, see our BPI vs Metrobank home loan guide, which compares rates, features, and refinancing suitability for 2026. Ultimately, working with a broker like Nook lets you compare both banks — and others — simultaneously.
Metrobank may charge a prepayment or early termination fee if you refinance during a fixed-rate period. The specific fee structure depends on your loan agreement, so it's important to review your contract or call Metrobank directly to confirm any applicable charges. Nook's advisors can also help you factor in prepayment penalties when calculating whether refinancing makes financial sense for your situation.
The refinancing process in the Philippines typically takes four to eight weeks from application to loan release, depending on how quickly documents are submitted and the processing timelines of the new lender. Nook helps streamline this by preparing your application package and coordinating directly with partner banks on your behalf. Most borrowers find the process significantly faster and less stressful when working through a broker.
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