Metrobank housing loan interest rates typically range from 7% to 9% p.a. — but Nook can help you refinance to as low as 5.99% p.a. through a verified partner bank, for free.
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Why this matters
Metrobank is one of the Philippines' largest and most trusted banks, and its housing loan products are widely used by Filipino homebuyers and property investors. However, like most traditional banks, Metrobank's standard home loan interest rates — typically between 7% and 9% p.a. depending on your fixing period and loan profile — can leave borrowers paying significantly more than they need to. Rates shown here are approximate, based on publicly available information, and are subject to change without notice. Always verify the latest rates directly with Metrobank before making any financial decision.
If you took out your Metrobank housing loan more than two years ago, there's a strong chance you're now eligible to refinance at a meaningfully lower rate. Through Nook's panel of partner banks, eligible borrowers can access rates from as low as 5.99% p.a. — a difference that can translate to thousands of pesos saved every month. On a 3,000,000 loan with 20 years remaining, moving from 8.5% to 5.99% could save you over 36,000 pesos per year. You can explore your options further in our Metrobank home loan refinancing guide, which walks through the full process and what to expect.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We compare verified offers from multiple partner banks on your behalf, handle the paperwork, and guide you through every step — so you're not navigating the refinancing process alone. Not sure if you meet the requirements? Our Metrobank housing loan eligibility guide covers everything you need to know about income, tenure, and documentation. Interest rates and savings estimates are indicative only and based on standard amortisation over a 20-year remaining term.
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 interest rates in 2026 are approximately 7% to 9% p.a. for standard fixed-rate periods, though exact rates depend on your loan amount, fixing period, and credit profile. These figures are based on publicly available information and are subject to change — contact Metrobank directly or speak with a Nook advisor to get an up-to-date comparison.
Yes — if your Metrobank loan is at least one to two years old and your property has sufficient equity, you are likely eligible to refinance. Through Nook, you can compare offers from multiple partner banks and potentially secure rates as low as 5.99% p.a., which could significantly reduce your monthly amortisation.
Savings depend on your outstanding balance, remaining term, and the rate difference between your current loan and the new offer. For example, on a 3,000,000 loan with 20 years remaining, refinancing from 8.5% to 5.99% p.a. could save you over 3,000 pesos per month. Use Nook's free calculator to get a personalised estimate.
Refinancing does involve some upfront costs such as appraisal fees and transfer charges, but in most cases these are recovered within 12 to 24 months of lower monthly payments. Nook's service is 100% free to borrowers — we handle the comparison, application coordination, and documentation support at no charge to you.
Metrobank is not currently a Nook partner bank, but Nook works with a growing panel of reputable Philippine banks that offer competitive verified rates. This means you get access to transparent, up-to-date offers through a streamlined digital process — often with better rates and faster approval than applying to a single bank on your own.
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