Metrobank housing loan rates typically range from 7% to 9% p.a. depending on your fixed period — but Nook borrowers are refinancing to as low as 5.99% p.a., saving thousands every month.
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Why this matters
Metrobank is one of the Philippines' largest banks and offers home loans across a range of fixed-rate periods — typically 1, 2, 3, 5, and 10 years. Based on publicly available information, Metrobank's standard housing loan rates generally fall between 7.00% and 9.50% p.a. depending on the fixing period and your loan profile. Shorter fixed periods tend to carry lower rates, while longer fixed terms offer more payment certainty. However, these rates are approximate and subject to change — always verify the current rate directly with Metrobank before making any decisions. If you'd like to understand Metrobank's full eligibility criteria and loan requirements, our detailed guide covers everything you need to know.
If you already have a Metrobank home loan and your fixed period is ending — or has already repriced — there's a good chance your current rate is no longer competitive. Many Filipino homeowners find themselves locked into rates of 8% or higher simply because they haven't compared the market recently. Refinancing doesn't have to be complicated. Through Nook, the Philippines' first digital mortgage broker, you can compare verified rates from multiple partner banks in one place, at zero cost to you. Our licensed mortgage specialists handle the paperwork and negotiations so you get the best available deal without the hassle. For a full breakdown of what refinancing with Metrobank looks like, see our guide on Metrobank home loan refinancing rates and process.
The savings can be significant. On a ₱3,000,000 loan with 20 years remaining, dropping from 8.50% to 5.99% p.a. could save you over ₱4,500 per month — that's more than ₱800,000 over the life of your loan. Nook's service is completely free for borrowers: we're compensated by the banks, not by you. Whether you're looking to lower your monthly payment, shorten your loan term, or simply find out what rates you qualify for today, Nook makes it easy to find out — with no obligation to proceed.
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 standard housing loan rates in 2026 are approximately 7.00% to 9.50% p.a., varying by fixed-rate period and borrower profile. Shorter fixing periods (1–2 years) typically carry lower rates, while 5–10 year fixes are priced higher for added stability. These figures are approximate and subject to change — contact Metrobank directly or speak with a Nook mortgage specialist to get current verified rates.
All three banks — Metrobank, BPI, and BDO — price their home loans in a broadly similar range of 7% to 9.50% p.a. for standard fixed periods. The best rate for you will depend on your loan amount, income, property type, and the specific fixing period you choose. Rather than applying to each bank individually, Nook lets you compare verified rates from multiple lenders at once, completely free of charge.
Metrobank typically offers fixed-rate periods of 1, 2, 3, 5, and 10 years on their housing loans. After your chosen fixed period ends, the rate will be repriced based on prevailing market rates at that time — which is often when borrowers discover they can save significantly by refinancing to a new lender. If your fixed period is approaching its end, now is the ideal time to explore your options.
Yes — if your current Metrobank rate is above 6.50% p.a., refinancing through Nook could reduce your monthly payment substantially. Nook works with multiple accredited partner banks that offer rates starting from 5.99% p.a., and our mortgage specialists will assess your eligibility and handle the entire process at no cost to you. Most borrowers can complete the refinancing process within 4 to 8 weeks.
Yes, Nook's service is 100% free for borrowers. We are compensated directly by our partner banks when a loan is successfully placed — similar to how travel agents are paid by airlines, not passengers. You get access to expert mortgage advice, rate comparisons across multiple banks, and full application support without paying a single peso in broker fees.
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