Metrobank home loan rates typically range from 7% to 9% p.a. — but Nook borrowers are refinancing to as low as 5.99% p.a., saving thousands every month at zero cost.
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Why this matters
Metrobank is one of the Philippines' largest and most established banks, and its housing loan products are popular among Filipino homebuyers for good reason — competitive processing, wide branch access, and a range of repayment terms. However, like most Philippine banks, Metrobank's standard home loan interest rates — generally estimated between 7% and 9% p.a. based on publicly available information — are repriced periodically, meaning the rate you locked in at the start of your loan may no longer be the best deal available to you today. It's worth reviewing your current rate, especially if your loan is more than two years old. Note that all rates shown here are approximate and subject to change; always verify current rates directly with Metrobank.
This is exactly where Nook comes in. As the Philippines' first digital mortgage broker, Nook compares verified offers from multiple partner banks on your behalf — completely free of charge. Instead of visiting branch after branch and filling out the same forms repeatedly, you submit once and Nook does the legwork. If you currently have a Metrobank housing loan and want to explore whether refinancing makes financial sense for you, our guide to Metrobank home loan refinancing walks you through the rates, process, and what to expect step by step.
The numbers can be striking. On a 3,000,000 peso loan with a 20-year remaining term, moving from an estimated 8.50% rate to Nook's best available rate of 5.99% p.a. could reduce your monthly payment by over 4,000 pesos — that's real money back in your pocket every single month. Want to run the numbers on your own loan? Try our Metrobank housing loan calculator to get an accurate estimate based on your actual balance and remaining term.
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 home loan interest rates are generally estimated to fall between 7% and 9% p.a., depending on the fixing period, loan amount, and your credit profile. These rates are subject to change and repricing at the end of each fixed-rate period, so we strongly recommend confirming the latest rates directly with Metrobank or visiting a branch. If you want to compare Metrobank's rate against other banks, Nook can do that for you for free.
Yes — refinancing your Metrobank home loan is a common and straightforward process, especially if your fixed-rate period has recently ended or is about to reprice. Through Nook, you can compare refinancing offers from multiple partner banks without paying any broker fees, and without needing to visit a single branch. See our full breakdown of the Metrobank home loan refinance process to understand what documents you'll need and how long it typically takes.
Savings depend on your outstanding balance, remaining loan term, and the rate difference between your current loan and a new offer. As an illustration, refinancing a 3,000,000 peso loan from an estimated 8.50% to 5.99% p.a. over 20 years could save you more than 4,000 pesos per month, or roughly 800,000 pesos over the life of the loan. Use Nook's free calculator to get a personalised estimate based on your actual figures.
Metrobank's standard home loan requirements typically include a completed application form, valid government-issued IDs, proof of income (payslips, ITR, or audited financial statements for the self-employed), a copy of the property's Transfer Certificate of Title (TCT), and a tax declaration. Requirements may vary depending on whether you are salaried or self-employed, and Metrobank may request additional documents during processing. Always confirm the latest checklist directly with Metrobank, as requirements can change.
Yes, completely free — Nook charges borrowers nothing at all. Nook earns a referral fee from the bank once your loan is successfully processed, which means you get expert mortgage comparison, application support, and rate negotiation without paying a single peso out of pocket. There are no hidden fees, no commitment required to get a quote, and no pressure to proceed if you don't find a rate that works for you.
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