Metrobank housing loan rates typically range from 7% to 10% p.a. — but Nook partner banks can offer rates as low as 5.99% p.a. See how much you could save every month.
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Why this matters
Metrobank is one of the Philippines' largest banks and a popular choice for home loans, offering competitive terms and a wide branch network. However, like most Philippine banks, Metrobank reprices its housing loan interest rates periodically — meaning the rate you locked in two or three years ago may now be significantly higher than what the market offers. Many Metrobank borrowers find themselves paying rates between 7.50% and 10% p.a. after their initial fixed-rate period ends, without realising they have the option to refinance. Note that the rates shown on this page are approximate figures based on publicly available information and are subject to change — always verify current rates directly with the bank.
Refinancing your Metrobank housing loan through Nook means we shop across multiple partner banks on your behalf to find the lowest available rate — completely free of charge. Instead of visiting multiple banks, submitting duplicate paperwork, and negotiating without market context, Nook handles the entire process digitally. If you want to understand your current loan more clearly before deciding, try our Metrobank housing loan calculator to estimate your remaining balance and monthly payments. From there, it's easy to see whether refinancing makes financial sense for your situation.
The savings potential is real and significant. On a 3,000,000 loan with 20 years remaining, moving from 8.50% to 5.99% p.a. 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. If you're curious about what the refinancing process actually looks like, our guide to Metrobank home loan refinancing walks you through every step, from eligibility to approval. Nook's service costs you nothing, and there's no obligation to proceed after your free rate comparison.
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 are typically in the range of 7% to 10% p.a., depending on the fixing period, loan amount, and your borrower profile. These rates are approximate and based on publicly available information — they are subject to change and you should contact Metrobank directly or check their official website for the most current figures. Nook partner banks currently offer rates starting from 5.99% p.a., which may be significantly lower than your existing Metrobank rate.
Yes — refinancing your Metrobank housing loan with another bank is a standard and legal process in the Philippines. You simply apply for a new loan with a Nook partner bank, which pays off your Metrobank balance and gives you a new loan at a lower rate. Nook manages this entire process for you at no cost, including coordinating with both your current bank and your new lender.
As a general rule, refinancing is worth considering if your current interest rate is at least 1 to 2 percentage points higher than available market rates, and if you have at least five years remaining on your loan term. Use Nook's free calculator to estimate your potential monthly and total savings based on your actual loan balance and remaining term. If the numbers make sense, Nook can walk you through the next steps with no commitment required.
Requirements vary by lender but generally include proof of income (payslips or ITR for the last two years), a valid government-issued ID, your existing loan statement of account, and the Transfer Certificate of Title (TCT) for the property. Employed borrowers, self-employed individuals, and OFWs may each have slightly different documentation requirements. Nook will guide you through exactly what's needed based on your specific profile and chosen partner bank.
Yes, Nook's service is 100% free to borrowers. Nook earns a referral fee from its partner banks when a loan is successfully disbursed — similar to how a real estate broker earns a commission from the seller, not the buyer. You get access to multiple competitive rate offers, expert guidance, and full digital processing without paying a single peso in broker fees.
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