Metrobank is one of the Philippines' most trusted home loan providers — but many existing borrowers are paying more than they need to. See if you qualify, then find out how much you could save by refinancing.
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Why this matters
Metrobank housing loans are available to Filipino citizens and qualified foreign nationals purchasing residential properties across the country. To be eligible, applicants typically need to be between 21 and 65 years old at the time of loan maturity, with a minimum gross monthly income of around ₱30,000 for employed borrowers and documented earnings for the self-employed. Required documents generally include a valid government-issued ID, proof of income (payslips, ITR, or audited financial statements), a copy of the property's Transfer Certificate of Title (TCT), tax declaration, and a duly accomplished application form. Note that these requirements are approximate and based on publicly available information — Metrobank's specific terms and eligibility criteria are subject to change, so always verify directly with the bank before applying. For a detailed breakdown of what to prepare, see our Metrobank housing loan eligibility and documents checklist.
Interest rates for Metrobank home loans are typically offered on a fixed-to-floating basis, with initial fixed periods of 1, 2, 3, 5, or 10 years before repricing to prevailing market rates. Published rates have historically ranged from around 7% to over 9% depending on the fixing period and your loan profile. This repricing risk is one of the biggest reasons homeowners find themselves paying significantly more than necessary a few years into their loan. If your loan has already repriced — or is about to — it's worth comparing your current rate against what's available through Nook's panel of partner banks, where the best available refinance rate is currently 5.99% p.a.
Refinancing out of a Metrobank home loan is a straightforward process when you work with a free mortgage broker like Nook. Rather than approaching each bank individually, Nook compares offers from multiple lenders on your behalf at no cost to you. Whether you're a new applicant evaluating Metrobank or an existing borrower wondering if you're getting the best deal, understanding your options is the first step. Learn more about how Metrobank home loan refinancing works and what switching could mean for your monthly cash flow.
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
Applicants must generally be Filipino citizens (or qualified resident foreign nationals) aged 21 to 65 years old at loan maturity, with a stable source of income. Employed borrowers typically need at least two years of employment tenure, while self-employed applicants usually need to show at least two years of profitable business operations. These are approximate guidelines based on publicly available information — verify the latest criteria directly with Metrobank before applying.
The standard documentary requirements typically include a completed application form, at least one valid government-issued ID, proof of income (recent payslips and ITR for employed; audited financial statements and BIR returns for self-employed), and property documents such as the Transfer Certificate of Title (TCT), tax declaration, and lot plan. OFW borrowers may need additional documents such as a consularized employment contract and special power of attorney. Requirements can vary by property type and borrower profile, so confirm the full checklist with Metrobank directly.
Metrobank generally finances the purchase or construction of residential properties including houses and lots, condominium units, townhouses, and vacant lots for residential use. The property must typically be located in an area where Metrobank operates and must meet the bank's appraisal standards. Properties used for commercial or mixed-use purposes may not qualify under a standard housing loan product.
Metrobank housing loan rates are generally offered at fixed rates for an initial period (commonly 1, 2, 3, 5, or 10 years) before repricing. Based on publicly available information, rates have typically ranged from approximately 7% to 9% or higher depending on the fixing period and borrower profile. These are approximate figures and subject to change — always request a formal loan offer from Metrobank for accurate current rates. If your loan has already repriced, it may be worth comparing against Nook's partner banks where the best current refinance rate starts at 5.99% p.a.
Yes — if your current Metrobank rate is above 6% to 7%, refinancing through another lender could meaningfully reduce your monthly repayments. Nook is a free digital mortgage broker that compares refinance offers from multiple Philippine banks on your behalf, with no fees charged to you as the borrower. On a ₱3,000,000 loan, moving from 8.50% to 5.99% could save over ₱3,000 per month — check your potential savings using Nook's free calculator.
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