Understanding Metrobank housing loan requirements is the first step — but knowing whether you can save money by refinancing could be the most important move you make this year.
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Why this matters
Metrobank is one of the Philippines' largest and most established banks, and its housing loan products are a popular choice for Filipino homebuyers. Based on publicly available information, Metrobank's standard home loan rates typically range from around 7% to 10% per annum, depending on the fixing period, loan amount, and borrower profile. These rates are approximate and subject to change — always verify the latest rates directly with Metrobank before making any financial decision. To qualify, borrowers generally need to be Filipino citizens (or qualified foreign nationals), aged 21 to 65 years old at loan maturity, with stable employment or verifiable business income. Required documents usually include a valid government-issued ID, proof of income (payslips, ITR, or audited financial statements for self-employed applicants), a duly accomplished application form, and property documents such as a Transfer Certificate of Title (TCT) and tax declaration. For a more complete breakdown, see our Metrobank housing loan eligibility and documents checklist.
Once you have a Metrobank housing loan — or any home loan in the Philippines — it's worth revisiting your interest rate every few years. Many Filipino homeowners are still paying rates of 8% to 10% that were locked in years ago, without realising that significantly lower options may now be available. Through Nook, the Philippines' first digital mortgage broker, you can compare verified rates from multiple partner banks and potentially reduce your monthly payment by thousands of pesos. The best rate currently available through Nook is 5.99% p.a. — a meaningful difference if you're carrying a multi-million peso loan balance.
Whether you're a first-time applicant researching Metrobank's requirements or an existing borrower wondering if there's a better deal out there, Nook's service is completely free to use. There are no broker fees, no hidden charges — Nook is compensated by the banks, not by you. If you're already with Metrobank and want to explore your options, our guide to Metrobank home loan refinancing walks you through what the process looks like and what to expect.
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, applicants typically need to be at least 21 years old and no older than 65 at the time of loan maturity, with a stable source of income from employment or a legitimate business. Both Filipino citizens and qualified foreign nationals may apply, subject to Metrobank's specific conditions. Always confirm the latest eligibility criteria directly with Metrobank, as requirements can change.
Commonly required documents include a completed application form, at least one valid government-issued ID, proof of income (recent payslips and a Certificate of Employment for employed applicants, or ITR and audited financial statements for self-employed), and property documents such as the Transfer Certificate of Title (TCT), tax declaration, and contract to sell or deed of sale. Additional documents may be required depending on your loan purpose and employment status. Check with Metrobank directly for the most current document checklist.
Based on publicly available information, Metrobank's home loan rates generally range from approximately 7% to 10% per annum, varying by fixing period (1-year, 3-year, 5-year, etc.), loan amount, and borrower profile. These figures are approximate and subject to change without notice — contact Metrobank directly for the latest applicable rates. If you already have a Metrobank loan, it may be worth comparing your current rate against what's available through other lenders via a free service like Nook.
Yes, refinancing is possible whether you stay with Metrobank or switch to another lender offering a more competitive rate. The best refinance rate currently available through Nook partner banks is 5.99% p.a., which could result in significant monthly savings compared to older rates of 8% or higher. Nook's refinancing service is 100% free for borrowers — there are no broker fees at any stage of the process.
Loan processing timelines can vary depending on the completeness of your documents and the complexity of your application, but housing loan approvals in the Philippines typically take anywhere from two to six weeks. Submitting a complete set of documents from the start can help avoid delays. If you're also exploring refinancing options with multiple banks simultaneously, using a mortgage broker like Nook can streamline the process considerably.
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