Metrobank is one of the Philippines' most trusted home lenders — but the rate you got years ago may no longer be your best option. See how much you could save by comparing your current rate against today's lowest available rates through Nook.
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Why this matters
Metrobank housing loans are among the most commonly held home loans in the Philippines, and for good reason — the bank has a strong reputation, wide branch network, and competitive products. However, interest rates in the Philippines are repriced periodically (typically every 1, 2, 3, or 5 years), which means many Metrobank borrowers are now locked into rates that were set during higher-rate environments. Based on publicly available information, Metrobank's standard housing loan rates have historically ranged from approximately 7% to 10% per annum, depending on the fixing period and prevailing market conditions. These figures are approximate and subject to change — always verify current rates directly with Metrobank or a licensed broker.
If your loan has already repriced once or twice, there's a real chance you're paying more than you need to. Through Nook, the Philippines' first digital mortgage broker, eligible borrowers can access rates as low as 5.99% p.a. through our panel of partner banks. That kind of difference on a ₱3,000,000 loan over a 20-year term can translate to thousands of pesos in monthly savings and hundreds of thousands saved over the life of the loan. You can use our Metrobank housing loan calculator to model your specific scenario with your actual balance and remaining term.
Refinancing your Metrobank housing loan doesn't have to be complicated or expensive. Nook's service is completely free to borrowers — we're compensated by the banks, not by you. Our team handles the comparison, paperwork, and coordination so you don't have to chase multiple banks on your own. If you're curious about what the refinancing process actually looks like, our guide on Metrobank home loan refinancing rates and process walks you through every step. Note that all rates shown are indicative and subject to change; final rates depend on your credit profile, loan amount, and the bank's current offerings.
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 housing loan rates have typically ranged from around 7% to 10% per annum depending on the repricing period — for example, a 1-year fixed rate is generally lower than a 5-year fixed rate. However, these figures are approximate and change regularly, so you should contact Metrobank directly or speak with a broker like Nook to get the most current rates applicable to your situation. Nook can also show you how Metrobank's rates compare to other lenders in real time, at no cost to you.
Yes — if your loan has already passed its initial lock-in period, you are generally free to refinance to another bank offering a more competitive rate. Through Nook, eligible borrowers can access rates as low as 5.99% p.a. with partner banks, which could significantly reduce your monthly payment on a typical loan balance. The best time to start exploring your options is about 3 to 6 months before your current fixing period ends.
Metrobank typically requires applicants to be Filipino citizens (or qualified foreign nationals), at least 21 years old and not older than 65 at loan maturity, with proof of stable income such as payslips, ITR, or audited financial statements for the self-employed. You'll also need to provide property documents including the Transfer Certificate of Title (TCT), tax declaration, and a government-issued ID. Requirements can vary depending on whether you're applying for a new purchase, construction, or refinancing loan, so it's best to confirm the full checklist with Metrobank or a broker.
Metrobank's housing loan processing time typically ranges from 2 to 6 weeks, depending on the completeness of your documents and the complexity of your application. Having all your requirements ready upfront — including your property documents and income proof — can significantly speed up the process. If you're refinancing, working with a broker like Nook can help streamline coordination and reduce back-and-forth with the bank.
Generally, refinancing makes the most financial sense if you have at least 10 or more years remaining on your loan and a meaningful gap between your current rate and the best available rate — typically at least 1 to 1.5 percentage points. If your remaining term is shorter, the closing costs and processing fees associated with refinancing may outweigh the interest savings. Nook can run a free break-even analysis for your specific situation so you can make an informed decision before committing to anything.
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