Metrobank is one of the Philippines' largest home loan providers — but many borrowers are still paying 8% or higher on loans fixed years ago. See how today's best rates compare, and find out if refinancing could save you thousands every month.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Metrobank offers home loans with a range of fixing periods — typically 1, 2, 3, 5, and 10 years — after which your rate reprices to whatever the bank's prevailing rate is at that time. Based on publicly available information, Metrobank's standard housing loan rates generally range from around 7.50% to 9.50% per annum, depending on the fixing period and loan term. These are approximate figures subject to change; always verify the current rate directly with Metrobank before making any financial decisions. If your loan has already repriced once or twice, there's a good chance you're paying more than you need to.
That's where refinancing comes in. By switching your existing Metrobank home loan to a lender offering a lower rate, you can reduce your monthly amortisation and free up cash for other priorities. Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers — we work with a panel of partner banks to find you the most competitive rate available. If you're curious about the full process, our guide to Metrobank home loan refinancing: rates and process walks you through every step, from application to approval.
The savings can be substantial. On a 3,000,000 loan with 20 years remaining, moving from 8.50% to 5.99% reduces your monthly payment by over 3,000 pesos — that's more than 550,000 in total interest saved over the life of the loan. Even if you refinance and only hold the new loan for five to seven years before selling or upgrading, the savings still add up quickly. To understand what documents and eligibility criteria are involved, see our full guide to Metrobank housing loan requirements in the Philippines. Nook's team can help you assess whether refinancing makes sense for your specific situation — at no cost to you.
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 housing loan rates generally range from approximately 7.50% to 9.50% per annum depending on the fixing period you choose. These rates are approximate, subject to change, and should be verified directly with Metrobank or through a licensed broker. Nook can help you compare Metrobank's indicative rates against verified offers from our partner banks for free.
Metrobank typically offers fixing periods of 1, 2, 3, 5, and 10 years, after which your rate reprices to the bank's prevailing rate at that time. Shorter fixing periods usually come with lower initial rates but carry more repricing risk. If rate stability matters to you, a longer fixed period — or refinancing to a competitive fixed rate with a partner bank — may be worth considering.
Yes — refinancing your Metrobank home loan with another bank is straightforward, and many Filipinos do it when their loan reprices to a higher rate. The new bank pays off your Metrobank balance and you begin repaying the new lender at the lower rate. Nook handles the entire process for free, from comparing rates across partner banks to coordinating the documentation and bank requirements.
Savings depend on your current rate, outstanding balance, and remaining term, but the numbers can be significant. On a 3,000,000 loan at 8.50% with 20 years remaining, refinancing to 5.99% saves over 3,000 pesos per month and more than 550,000 pesos in total interest. Use Nook's free calculator to get an estimate based on your actual loan details.
Metrobank may charge a prepayment penalty if you refinance during a fixed-rate period, though the exact terms depend on your loan contract. It's important to check your loan agreement or contact Metrobank directly to confirm any applicable fees. In many cases, the interest savings from refinancing still outweigh the prepayment penalty — Nook can help you do the maths before you commit to anything.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →