Metrobank is one of the Philippines' largest home loan providers — but many borrowers are still paying rates of 8% or higher. See how much you could save by refinancing through Nook's free broker service.
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Why this matters
Metrobank offers home loans for property purchases, house construction, and lot acquisitions across the Philippines. Based on publicly available information, Metrobank's standard housing loan rates typically range from around 7% to 10% per annum depending on the fixing period, loan amount, and borrower profile — though these figures are approximate and subject to change at any time. Borrowers are strongly encouraged to request an official rate quotation directly from Metrobank before making any financial decisions. If you're currently repaying a Metrobank housing loan taken out several years ago, there's a good chance your rate is higher than what's available in the market today.
That's where refinancing comes in. By switching your existing Metrobank home loan to a Nook partner bank offering as low as 5.99% p.a., you could significantly reduce your monthly repayments and free up thousands of pesos every year. You can use our Metrobank housing loan calculator to estimate your current payments and compare them against a lower refinance rate — it only takes a minute. Nook's service is 100% free to borrowers; we're paid by the banks, not by you.
Refinancing a Metrobank housing loan through Nook means you get access to verified, up-to-date rates from multiple partner banks — not just one institution. Our team handles the paperwork, coordinates with lenders, and guides you through every step of the process. For a full breakdown of what's involved, see our guide on Metrobank home loan refinancing rates and process. Whether your goal is a lower monthly payment, a shorter loan term, or better overall terms, Nook can help you find the right fit. Note: All interest rates shown on this page are indicative and subject to change. Please verify current rates with your lender or through Nook before proceeding.
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 generally range from approximately 7% to 10% per annum, depending on the fixing period chosen and your borrower profile. However, these rates are indicative and can change without notice, so you should request an official quote directly from Metrobank or speak to a Nook advisor to get verified current rates from multiple lenders at once.
Yes — refinancing an existing Metrobank home loan is one of the most common requests Nook handles. If your current rate is above 7%, there's a strong chance you could save a significant amount by switching to a Nook partner bank offering rates as low as 5.99% p.a. Nook's refinancing service is completely free to borrowers, and our team manages the entire process on your behalf.
Metrobank typically requires borrowers to be Filipino citizens (or qualified foreign nationals), at least 21 years old, and not older than 65 at loan maturity. You'll generally need to submit proof of income (payslips, ITR, or audited financial statements for self-employed applicants), valid government IDs, and property documents. Requirements may vary, so confirm the latest checklist directly with Metrobank or ask your Nook advisor who can help prepare your documents for any lender.
Your monthly payment depends on your outstanding loan balance, remaining term, and current interest rate. You can get a quick estimate using our Metrobank housing loan calculator, which lets you compare your current payment against what you'd pay at a lower refinance rate. For a more accurate figure based on your actual loan details, a Nook advisor can run a personalised calculation for free.
Generally, the more years remaining on your loan, the more you stand to save by refinancing to a lower rate — even a 1.5% reduction on a 3,000,000 loan with 20 years remaining can save you hundreds of thousands of pesos over the life of the loan. The key is to weigh the potential savings against any applicable fees (such as Metrobank's early settlement charges and the new lender's processing fees), which a Nook advisor can help you calculate before you commit to anything.
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