Metrobank is one of the Philippines' largest home loan providers — but thousands of borrowers are overpaying on interest every month. See how your rate compares and find out if refinancing could save you significantly.
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Why this matters
Metrobank offers home loans across a range of fixed-rate periods, typically with rates repriced after 1, 2, 3, or 5 years. Based on publicly available information, standard Metrobank housing loan interest rates generally fall between 7.50% and 9.50% p.a. depending on the fixing period and loan amount — though these figures are approximate and subject to change without notice. If your loan has been in place for several years and has already been repriced once or more, there's a strong chance your current rate is higher than what's available in the market today. It's always worth checking your latest Statement of Account to confirm exactly what rate you're paying.
Many Filipino homeowners don't realise that once their initial fixed-rate period ends, their monthly repayments can increase substantially. If you originally locked in at a promotional rate and have since been repriced to Metrobank's prevailing rate, you could be paying anywhere from 8% to 10% or more. Through Nook, the Philippines' first digital mortgage broker, qualified borrowers can access refinance rates from as low as 5.99% p.a. — potentially saving thousands of pesos every month. You can explore your options further using our Metrobank housing loan calculator to estimate what your repayments could look like at a lower rate.
Refinancing your Metrobank home loan doesn't have to be complicated. Nook's service is 100% free to borrowers — we work with multiple partner banks to find you a competitive rate and guide you through the entire process from application to approval. Whether you're looking to lower your monthly payment, shorten your loan term, or simply get a better deal, it's worth finding out where you stand. Learn more about how Metrobank home loan refinancing works and what to expect when you switch. Note: all interest rates referenced on this page are indicative, based on publicly available information as of 2026, and subject to change.
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 housing loan rates typically range from around 7.50% to 9.50% p.a. depending on the fixing period, loan amount, and borrower profile. However, these rates are approximate and subject to change — you should contact Metrobank directly or check your Statement of Account to confirm your current rate. If your loan has been repriced, your rate may be higher than what was originally offered.
Yes — refinancing your Metrobank home loan to another bank is a common and straightforward process in the Philippines. Through Nook, you can compare offers from multiple partner banks and potentially access rates from as low as 5.99% p.a., which could meaningfully reduce your monthly payment. Nook's service is completely free to borrowers, so there's no cost to finding out if you qualify for a better deal.
Standard refinancing requirements in the Philippines typically include proof of income (payslips or ITR for employed borrowers, or audited financial statements for self-employed), a copy of your existing loan documents, the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), and a recent Statement of Account from Metrobank. Most banks also require your property to be adequately insured and for the loan-to-value ratio to be within acceptable limits. Nook can walk you through exactly what's needed for your specific situation.
Your savings depend on your current interest rate, remaining loan balance, and the new rate you qualify for. As an 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 roughly 3,974 pesos — that's over 47,000 pesos in savings per year. Use Nook's free calculator to get a personalised estimate based on your own loan details.
Yes, Nook's mortgage broking service is 100% free for homeowners. Nook is compensated by the partner bank when a loan is successfully placed, meaning you pay nothing for the advice, comparison, or application support. There are no hidden fees charged by Nook — though standard bank fees such as appraisal and processing fees may still apply depending on the lender you choose.
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