Metrobank Housing Loan Calculator Philippines 2026: Estimate Your Monthly Payments

A Metrobank housing loan calculator estimates your monthly amortization based on three inputs: the loan amount, the interest rate (fixed for a chosen repricing period), and the loan term in years. It uses a standard amortizing loan formula — the same one all Philippine banks apply — so every peso you pay each month goes partly toward interest and partly toward reducing your principal balance.

To use one effectively, you'll need to know: (1) how much you plan to borrow, (2) the applicable interest rate for your chosen fixed-rate period (e.g., 1-year fix, 3-year fix, 5-year fix), and (3) your preferred loan term, typically between 10 and 25 years. The calculator will output your estimated monthly payment. Keep in mind that after your fixed-rate period ends, Metrobank will reprice your loan at the prevailing market rate at that time — which can significantly change your monthly obligation. Always factor this into your long-term planning.

Metrobank's housing loan interest rates are variable depending on the fixing period you choose and current market conditions. Based on publicly available information, indicative rates are approximately in the following ranges for 2026:

• 1-year fixed: approximately 7.00% – 7.50% p.a.
• 3-year fixed: approximately 7.25% – 7.75% p.a.
• 5-year fixed: approximately 7.50% – 8.00% p.a.
• 10-year fixed: approximately 8.00% – 8.75% p.a.

Important: These figures are approximate, based on publicly available information, and subject to change at any time. They do not represent a formal rate offer. Always contact Metrobank directly or speak with a licensed broker to confirm the latest applicable rates before making any financial decision. For a side-by-side view of how Metrobank rates stack up, see our BPI vs Security Bank vs Metrobank home loan rates comparison.

Your monthly payment depends on the loan amount, interest rate, and term. Here are sample estimates using an approximate rate of 7.50% p.a. to illustrate how the numbers work — these are for reference only and not a formal quote:

• Loan of 2,000,000 over 20 years at 7.50%: approximately 16,110 per month
• Loan of 3,500,000 over 20 years at 7.50%: approximately 28,190 per month
• Loan of 5,000,000 over 20 years at 7.50%: approximately 40,270 per month
• Loan of 5,000,000 over 15 years at 7.50%: approximately 46,350 per month

As a general rule, a shorter loan term means higher monthly payments but significantly less total interest paid over the life of the loan. A longer term lowers your monthly obligation but increases total interest cost. Use these figures as a starting point, then verify directly with Metrobank for a personalised computation.

Metrobank generally offers housing loans with the following parameters, based on publicly available information:

• Minimum loan amount: approximately 500,000
• Maximum loan amount: up to 80% of the appraised value of the property (loan-to-value ratio)
• Loan terms: typically 1 to 25 years
• Fixed-rate periods available: 1, 2, 3, 5, 10 years (after which the loan is repriced)

The maximum loan amount you qualify for also depends on your income, existing financial obligations, and Metrobank's credit assessment. Most borrowers in the Philippines take out loans in the range of 1,500,000 to 10,000,000, with 15 to 20-year terms being the most common choice for balancing monthly affordability with total interest cost.

Beyond the interest rate, a Metrobank housing loan typically involves several one-time and recurring fees. Based on general industry practice and publicly available information, these may include:

• Appraisal fee: typically 3,500 – 6,000, paid upfront for property valuation
• Processing fee: varies; some promotions waive this fee
• Documentary stamp tax (DST): 1.5% of the loan amount, a government-mandated tax
• Mortgage registration fee: based on BIR schedule, typically 0.25% – 0.50% of the loan
• Notarial fees and other miscellaneous charges
• Fire and MRI insurance: required annually for the life of the loan

These fees can add up to 2% – 4% of your loan amount in total upfront costs, so factor them into your budget. Always request a full breakdown of fees from Metrobank before signing any loan documents. If you are refinancing, note that some of these fees apply again with any new lender.

Metrobank's general eligibility criteria for a housing loan include:

• Age: at least 21 years old at application, and not older than 65 years old at loan maturity
• Employment: locally employed applicants typically need at least 2 years of continuous employment; self-employed applicants usually need at least 2 years of profitable business operation
• Income: your monthly gross income must be sufficient to cover the required amortization — most banks require your total monthly debt obligations to not exceed 30% – 40% of gross monthly income
• Credit standing: a good credit history with no major defaults

Required documents typically include valid government IDs, proof of income (payslips and ITR for employed; audited financial statements for self-employed), and complete property documents. OFWs may also qualify with an SPA (Special Power of Attorney) and proof of remittance income. Contact Metrobank or an accredited broker for the full, current checklist.

Yes — and for many homeowners, this is one of the most impactful financial moves available. If you took out your Metrobank housing loan a few years ago when rates were higher, or if your loan has recently been repriced upward, you may be paying more than necessary. Refinancing means taking out a new loan (with a different lender or even back with Metrobank) to pay off your existing loan at a lower interest rate.

For example, if you have an outstanding balance of 3,500,000 with 15 years remaining and you're currently paying at 8.50% p.a., your monthly payment is approximately 34,450. By refinancing to 5.99% p.a. through a Nook partner bank, your monthly payment drops to approximately 29,560 — a saving of around 4,890 per month, or over 58,600 per year. Over the remaining loan term, that's a substantial difference. Nook's service is 100% free for borrowers, and our team will handle the entire process on your behalf.

Metrobank is a well-established lender with a broad branch network and a solid reputation — but it is not always the most competitive option on interest rates, particularly for refinancing. Based on approximate, publicly available rate information, Metrobank's rates tend to sit in line with the broader market (roughly 7% – 9% p.a. depending on the fixing period and tenure), while some specialist refinance lenders accessible through brokers like Nook currently offer rates as low as 5.99% p.a.

The key differences between banks typically come down to: (1) interest rate competitiveness, (2) flexibility of repricing periods, (3) quality and speed of processing, and (4) total fees charged. For a detailed breakdown, see our RCBC vs Metrobank home loan rates comparison or explore our full Metrobank vs BPI vs Security Bank rates comparison for 2026. Shopping around — ideally through a free broker — is the best way to ensure you're getting the most competitive rate available to you.

It depends on your specific situation, but the numbers often make a compelling case. The key factors to weigh are: (1) the interest rate difference between your current Metrobank rate and the best rate available elsewhere, (2) the remaining balance and term on your existing loan, and (3) the switching costs (appraisal fees, documentary stamp tax, registration fees, and other closing costs with the new lender).

As a rough guide: if you can reduce your interest rate by 1.50 percentage points or more, and you still have at least 7–10 years remaining on your loan, refinancing is very likely to be worthwhile even after accounting for switching costs. For example, on a 4,000,000 balance with 15 years remaining, moving from 8.00% to 5.99% p.a. saves approximately 4,600 per month — meaning your switching costs (typically 2% – 3% of the loan, or around 80,000 – 120,000) are recovered within 2–3 years, with savings continuing for the remaining loan life. Nook can model this calculation for your exact situation at no cost.

Nook is the Philippines' first digital mortgage broker, and our service is completely free for borrowers. Instead of approaching each bank one by one and filling out multiple applications, you submit your details once and Nook shops your loan across our network of partner banks to find the most competitive rate available for your profile. Our partner banks currently offer refinance rates starting from 5.99% p.a. — well below the approximate 7.50% – 8.50% range many existing Metrobank borrowers are currently paying.

Our team of licensed mortgage specialists will assess your current loan, run the savings calculation, handle all the paperwork, coordinate with the new lender, and guide you through the entire process from application to release. There are no broker fees, no hidden charges, and no obligation — just an honest assessment of whether refinancing makes financial sense for you. If it doesn't, we'll tell you that too. To get started, simply fill in your current loan details in our free calculator above, or submit an inquiry and one of our specialists will be in touch.