Many Metrobank housing loan borrowers are paying 7% to 9% or more on their home loan — when the best available refinance rate through Nook is just 5.99% p.a. Find out how much you could save.
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Why this matters
Metrobank is one of the Philippines' largest banks and a popular choice for housing loans, offering both fixed and variable rate options. However, like most Philippine banks, Metrobank's standard housing loan rates typically range from 7% to 9% or higher depending on the fixing period you choose, your loan amount, and your credit profile. These rates are approximate and based on publicly available information — actual rates are subject to change and may vary, so always verify directly with the bank. If you took out your Metrobank housing loan a few years ago, there is a strong chance your current rate is significantly higher than what is available in the market today. You can learn more about the eligibility requirements and full details of Metrobank housing loans to understand your current loan terms.
Refinancing your Metrobank housing loan through Nook could unlock a rate as low as 5.99% p.a. through one of Nook's verified partner banks. On a ₱3,000,000 outstanding balance with 20 years remaining, moving from 8.50% to 5.99% could reduce your monthly amortisation by over ₱4,500 — that is more than ₱54,000 saved every year. Nook is the Philippines' first digital mortgage broker, and the service is completely free to borrowers. Nook handles the comparison, paperwork coordination, and bank liaison on your behalf, so you get a better deal without the legwork. If you are considering switching away from Metrobank, see our full guide to Metrobank home loan refinancing: rates and process for a step-by-step walkthrough.
To get started, all you need to do is submit your loan details through Nook's free online platform. Nook will match you with the best available refinance offer from its panel of partner banks — giving you verified, competitive rates rather than estimated figures. There are no upfront fees, no obligation, and no pressure. Whether your goal is to lower your monthly repayments, shorten your loan term, or simply stop overpaying, Nook makes it easy to find out what you qualify for. Note: All interest rates shown on this page are indicative and subject to change. Please verify current rates with the relevant bank before making any financial decision.
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 in 2026 are estimated to range from around 7% to 9% or higher depending on the fixing period (1-year, 3-year, or 5-year fixed) and your loan profile. These figures are based on publicly available information and are approximate — rates are subject to change, so you should contact Metrobank directly or check their official website for the most current published rates.
Yes, and many borrowers find that refinancing to a different bank through Nook results in a significantly lower interest rate. Nook's partner banks currently offer refinance rates starting at 5.99% p.a., which could be well below what you are paying on your existing Metrobank loan. The process involves paying off your Metrobank loan with the new loan, and Nook coordinates everything for free on your behalf.
Savings depend on your outstanding balance, remaining term, and the rate difference between your current loan and your new refinance rate. As an illustration, a borrower with ₱3,000,000 outstanding at 8.50% with 20 years remaining could save around ₱4,554 per month — or over ₱819,000 over the life of the loan — by refinancing to 5.99%. Use Nook's free calculator to get an estimate based on your actual figures.
Nook's mortgage broker service is completely free to borrowers. Nook earns a referral fee from the partner bank when your loan is successfully settled, so there is no cost to you for using the platform, comparing rates, or getting matched with a lender. Standard bank fees such as appraisal and processing fees may still apply depending on the bank you refinance with.
Typical refinancing requirements include a valid government ID, proof of income (payslips or ITR), your Metrobank loan statement of account, and the title or condominium certificate of title to the property. Employed and self-employed borrowers may have slightly different document requirements. You can review the full list of Metrobank housing loan documents and eligibility requirements for more detail, and Nook's team will guide you through exactly what to prepare once you submit your application.
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