Many Metrobank borrowers are paying 8% or more on their home loan — refinancing through Nook could bring that down to as low as 5.99% p.a., completely free of charge.
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Why this matters
Metrobank is one of the Philippines' largest and most established banks, and its housing loan products are widely used by Filipino homeowners and property investors. For 2026, Metrobank's published home loan rates are broadly in line with the industry — typically ranging from around 7% to 10% per annum depending on the fixed-rate period you choose, your loan amount, and your borrower profile. Shorter fixed periods (such as 1 or 2 years) generally carry lower introductory rates, while longer fixed periods of 5 to 10 years offer more payment stability but at a slightly higher rate. Note that the rates shown on this page are approximate, based on publicly available information, and are subject to change — always verify the latest rates directly with Metrobank or through a licensed broker before making a decision.
If you've had your Metrobank housing loan for several years, there's a strong chance you're locked into a rate that no longer reflects what the market can offer. Refinancing — moving your loan to a new lender with better terms — is one of the most effective ways Filipino homeowners reduce their monthly amortisation and free up cash. Through Nook, you can compare verified rates from multiple partner banks side by side, and our team handles the entire application process for you at zero cost. If you're still gathering your paperwork, our step-by-step guide to Metrobank housing loan requirements can help you understand what documents you'll need whether you're refinancing or applying fresh.
When comparing your options, keep in mind that working with a Nook partner bank gives you access to verified, up-to-date promotional rates — not estimates pulled from a website. Nook's partner banks have committed to transparent pricing, and our brokers confirm the actual rate you qualify for before you submit a single form. There are no broker fees, no hidden charges, and no obligation. If you want to see exactly what documents lenders will ask for, check out the full checklist for employed and self-employed borrowers to get a head start. Interest rates are subject to change — all figures on this page are illustrative and should be confirmed with the relevant lender.
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 home loan rates for 2026 are approximately 7% to 10% per annum depending on the fixed-rate period, loan amount, and borrower profile — though these figures are based on publicly available information and are subject to change without notice. Shorter fixing periods like 1 year typically carry lower rates, while 5- to 10-year fixed terms offer stability at a slightly higher rate. For the most accurate and current rate, contact Metrobank directly or apply through Nook, where our brokers can pull verified rates from multiple lenders on your behalf.
Metrobank generally offers a range of fixed-rate periods including 1, 2, 3, 5, and in some cases 10 years, after which the loan typically reprices to the bank's prevailing rate at that time. Choosing a longer fixed period gives you predictable monthly payments but usually comes with a slightly higher rate upfront. If your current fixed period has already expired and your loan has repriced upward, that's often the best time to consider refinancing.
Yes — refinancing your Metrobank housing loan to another lender offering a more competitive rate is entirely possible and is one of the most common reasons Filipino homeowners approach Nook. The process involves paying off your existing loan with the proceeds of a new one, ideally at a significantly lower interest rate. Nook can match you with partner banks offering rates as low as 5.99% p.a. and will handle the paperwork and coordination at no cost to you.
The savings depend on your outstanding loan balance, remaining term, and the rate difference between your current loan and the new one. As an illustration, a borrower with a 3,000,000 loan at 8.50% paying roughly 26,035 per month could reduce their payment to around 21,534 per month at 5.99% — saving over 54,000 per year. Use Nook's free calculator or speak to one of our brokers to get a personalised estimate based on your actual figures.
Yes, Nook's mortgage brokering service is completely free for borrowers — Nook earns a referral fee from the lending bank, not from you. You won't be charged any broker fees, consultation fees, or application processing fees at any stage. Our brokers will help you compare options, prepare your documents, and manage the end-to-end process so you can focus on making the right financial decision for your family.
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