Thousands of Filipino homeowners are unknowingly overpaying on their Metrobank housing loans. Nook can help you transfer to a bank offering rates as low as 5.99% p.a. — and our service is completely free.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
If you took out a Metrobank housing loan a few years ago, the interest rate you locked in may no longer be competitive. Based on publicly available information, Metrobank's standard home loan rates generally range from 7% to 9% per annum depending on the fixing period — but these rates are approximate, subject to change, and may not reflect current promotional offers. What matters is whether the rate you're actually paying today is the best rate available to you. In many cases, it isn't. Refinancing through Nook means we search across our network of partner banks to find you a verified, lower rate — often significantly below what you're currently paying. Learn more about how Metrobank home loan refinancing works and what to expect from the process.
The savings can be substantial. On a 3,000,000 loan with a remaining term of 20 years, moving from a rate of 8.50% to 5.99% p.a. could reduce your monthly payment by over 3,000 pesos — that's more than 36,000 pesos saved every year. Over the life of the loan, the cumulative savings can exceed half a million pesos. Nook handles the comparison, the bank coordination, and the paperwork — at zero cost to you. There are no broker fees, no hidden charges, and no obligation to proceed after your initial consultation. If you're unsure whether you qualify, our eligibility guide covers the key requirements you'll need to meet for a successful refinancing application.
Please note that all interest rates shown on this page are indicative and based on publicly available market information as of 2026. Actual rates from Metrobank and Nook's partner banks are subject to change without notice. We strongly encourage all borrowers to verify current rates directly with their lender or through Nook before making any financial decision. Nook's role is to give you an honest, transparent comparison — so you can make the right choice for your family's financial future.
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
Yes, you can transfer your outstanding Metrobank housing loan balance to another bank through a process called refinancing or loan transfer. Many Filipino homeowners do this to secure a lower interest rate, reduce their monthly payments, or get better loan terms. Nook can help you identify which partner banks can offer you the most competitive rate based on your specific loan profile.
Savings depend on your outstanding loan balance, remaining term, and the difference between your current rate and the new rate offered. On a 3,000,000 loan moving from 8.50% to 5.99% p.a. over 20 years, you could save over 3,000 pesos per month and more than 550,000 pesos in total. Use Nook's free calculator to get an estimate based on your actual figures.
Metrobank is not currently a Nook partner bank. This means we present Metrobank's rates based on publicly available information, which may not reflect the most current or personalised offers. Nook's partner banks provide us with verified, up-to-date rates and a streamlined approval process — which often means faster processing and more transparent terms for borrowers who refinance through Nook.
The refinancing process typically takes between 4 to 8 weeks from application to loan release, depending on the receiving bank and how quickly documents are submitted. Nook helps you prepare your documents correctly the first time, which can significantly reduce delays. We coordinate directly with the bank on your behalf so you don't have to chase follow-ups yourself.
Standard requirements include your latest Statement of Account from Metrobank, a copy of your Transfer Certificate of Title (TCT), proof of income, valid government-issued IDs, and a duly filled application form from the receiving bank. Requirements can vary slightly between banks, so Nook will give you a complete, bank-specific checklist once we match you with the right lender. For a detailed breakdown, see our full guide on Metrobank housing loan requirements.
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