Metrobank is one of the Philippines' largest home lenders — but many borrowers are still locked into rates of 8% or higher. Find out if refinancing could save you thousands every year.
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Why this matters
Metrobank offers housing loans across a range of fixed-rate terms, with rates that vary depending on your loan amount, property type, and fixing period. Based on publicly available information, Metrobank's standard home loan rates typically fall between 7.5% and 10% per annum, depending on the repricing term you choose. Shorter fixed periods (like 1–3 years) tend to carry lower initial rates, while longer fixed terms offer more payment certainty. These rates are approximate and subject to change — always verify directly with Metrobank or through a licensed broker for the most current figures. If you want to crunch the numbers before applying, our Metrobank housing loan calculator can give you an accurate payment estimate based on your specific loan details.
If you took out your Metrobank home loan a few years ago, there's a good chance your current rate is higher than what's available in the market today. Nook partner banks currently offer refinance rates starting at 5.99% p.a. — a meaningful difference if you're servicing a loan of ₱2 million or more. Refinancing doesn't mean abandoning Metrobank; it means making sure your home loan is still working for you. Nook's service is 100% free to borrowers — we're paid by the bank, not by you. To understand the full refinancing process and what documents you'll need, see our guide on Metrobank home loan refinancing rates and process.
Eligibility for a Metrobank housing loan generally requires Filipino citizenship (or foreign nationals with a Filipino spouse), a minimum age of 21 at application (not exceeding 65 at loan maturity), proof of income, and a property that meets Metrobank's collateral requirements. Loan terms typically range from 1 to 20 years, with loan amounts starting at ₱500,000. Whether you're applying fresh or considering refinancing your existing loan, comparing across multiple lenders is always the smart move — and that's exactly what Nook makes easy. Please note that all rates and requirements mentioned on this page are based on publicly available information and are subject to change without notice.
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 typically range from around 7.5% to 10% per annum, depending on your chosen repricing period and loan profile. Shorter fixing terms (1–3 years) usually carry lower initial rates. Always confirm the latest rates directly with Metrobank, as rates are subject to change.
Standard requirements include a completed application form, valid government-issued IDs, proof of income (payslips, ITR, or audited financial statements for self-employed applicants), and property documents such as the Transfer Certificate of Title (TCT) and tax declaration. Metrobank may also require a bank statement covering the last three to six months. Requirements may vary depending on your employment status and the property type.
Yes — if your current Metrobank rate is above 7%, refinancing to a Nook partner bank could significantly reduce your monthly payments. Nook partner banks currently offer rates starting at 5.99% p.a., and Nook's refinancing service is completely free for borrowers. The process typically involves a property appraisal, credit assessment, and document submission, which Nook guides you through end to end.
Metrobank's home loan approval process typically takes between 5 to 15 business days from submission of complete documents, though timelines can vary depending on property due diligence and internal credit review. Having complete and accurate documents ready upfront is the most effective way to avoid delays. Your loan officer can give you a more specific timeline based on your application.
If your current Metrobank rate is significantly above the best available market rate, switching could save you tens of thousands of pesos over the remaining life of your loan. You'll want to factor in refinancing costs such as appraisal fees, documentary stamp tax, and registration fees — but in many cases the long-term savings outweigh these one-time costs. Nook can calculate your net savings for free so you can make an informed decision before committing.
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