Metrobank is one of the Philippines' most trusted home loan providers — but many existing borrowers are still paying 8% to 10% or more. Refinancing through Nook could cut your monthly payment by thousands of pesos, for free.
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Why this matters
Metrobank housing loan rates for 2026 are typically quoted across fixed-rate periods of 1, 2, 3, 5, and 10 years, after which the loan reprices to the bank's prevailing rate. Based on publicly available information, Metrobank's standard fixed rates generally range from approximately 7.00% to 9.50% per annum depending on the fixing period and loan term — though these figures are approximate and subject to change at any time. Borrowers on older loan vintages, or those whose fixed period has already expired, may find themselves paying significantly more than the best rates currently available in the market. If you're unsure what rate you're on today, check your latest Statement of Account or contact your branch directly. For a side-by-side view of how Metrobank stacks up against other lenders, see our Security Bank vs Metrobank refinance rates comparison.
The good news is that refinancing your Metrobank housing loan is entirely possible — and through Nook, it's completely free. As the Philippines' first digital mortgage broker, Nook shops your application across multiple partner banks simultaneously, surfacing verified rates as low as 5.99% p.a. That's a potential difference of 2 to 4 percentage points on your outstanding balance, which on a ₱3,000,000 loan over 20 years can translate to hundreds of thousands of pesos in total interest saved. There are no broker fees, no hidden charges, and no obligation to proceed until you see an offer you like.
Before deciding to stay with Metrobank or switch lenders, it's worth understanding exactly how fixed periods affect your long-term cost. A shorter 1-year fix might carry a lower headline rate today, but exposes you to repricing risk sooner. A longer 5- or 10-year fix offers payment certainty but may come at a premium. Nook's advisors can help you model these scenarios side by side so you choose the structure that fits your financial goals — not just the one that looks cheapest upfront. You can also explore how other banks compare in our Metrobank vs BPI vs Security Bank rates comparison for 2026. Please note: all rates mentioned on this page are indicative, based on publicly available information, and should be verified directly with Metrobank or a licensed advisor before making any financial decisions.
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 for 2026 are approximately 7.00% to 9.50% p.a. depending on the fixed-rate period selected (1, 2, 3, 5, or 10 years) and the loan amount. These are indicative figures only and are subject to change — you should contact Metrobank directly or apply through Nook to receive a verified current quote tailored to your loan profile.
Yes — refinancing a Metrobank housing loan is straightforward, and many borrowers do so when their fixed period expires or when market rates drop significantly. Through Nook, you can compare refinance offers from multiple partner banks at no cost, with rates currently starting at 5.99% p.a. The entire process is managed digitally, and Nook's advisors will guide you through every step.
Savings depend on your outstanding balance, remaining term, and the rate difference between your current loan and the best available refinance rate. For example, on a ₱3,000,000 loan with 20 years remaining, switching from 8.50% to 5.99% p.a. could reduce your monthly payment by nearly ₱4,000 — adding up to over ₱700,000 in total interest savings over the life of the loan. Use Nook's free calculator to get an estimate based on your actual figures.
Metrobank, like most Philippine banks, may charge a prepayment penalty if you refinance during an active fixed-rate period — this is typically a percentage of the outstanding balance or a set number of months' interest. Once your fixed period has expired and your loan is on a floating rate, prepayment charges usually no longer apply. Nook's advisors can help you calculate whether any penalty is outweighed by the savings from refinancing.
The refinancing process in the Philippines typically takes 4 to 8 weeks from application to loan release, covering document collection, bank evaluation, appraisal, and title transfer. Nook streamlines this by managing the paperwork and bank coordination on your behalf, keeping you informed at every stage. Since Nook's service is 100% free to borrowers, there's no financial risk to starting the process and seeing what rates you qualify for.
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