You've researched Metrobank's housing loan requirements — now find out if you could be paying thousands less every month by refinancing through Nook at 5.99% p.a.
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Why this matters
Metrobank is one of the Philippines' largest and most trusted 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% p.a. depending on the fixing period, loan amount, and borrower profile — though these rates are approximate and subject to change without notice. If you're currently paying a rate in that range on an existing Metrobank home loan, it's worth asking: could you be getting a significantly better deal? For a full breakdown of what documents and eligibility criteria Metrobank requires, see our step-by-step Metrobank housing loan requirements guide.
Refinancing is one of the most effective ways Filipino homeowners can reduce their monthly financial burden. Through Nook — the Philippines' first digital mortgage broker — you can compare verified rates from multiple partner banks and access the best available refinance rate of 5.99% p.a. On a 3,000,000 peso loan with 20 years remaining, switching from a typical Metrobank standard rate to 5.99% p.a. could mean saving over 4,500 pesos every single month. That's money that stays in your pocket, not your bank's. Nook's service is completely free to borrowers — we're paid by the lending bank, never by you.
Whether you're employed or self-employed, Nook's team of mortgage specialists will guide you through the refinancing process from document preparation to bank approval. If you want to understand how Metrobank's requirements compare for different borrower types, check out our complete checklist for salaried and self-employed applicants. And when you're ready to explore refinancing, Nook makes it simple to find out exactly how much you could save. Please note: all interest rates shown are indicative, based on publicly available information, and subject to change. Always verify current rates directly with the bank or through a licensed broker like Nook.
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 generally requires applicants to be Filipino citizens (or foreign nationals married to Filipinos) between 21 and 65 years old at loan maturity, with a stable income from employment or business. Minimum income thresholds and other qualifying criteria may apply and are subject to change, so it's best to confirm directly with Metrobank or speak with a Nook mortgage specialist who can help you compare multiple lenders at once.
For employed applicants, you'll typically need a filled-out application form, valid government-issued IDs, recent pay slips, a Certificate of Employment, and your latest ITR or BIR Form 2316. Self-employed applicants generally need to submit audited financial statements, DTI or SEC registration, and business bank statements. For a more detailed breakdown by borrower type, see our full checklist for employed and self-employed applicants — and note that Metrobank may update its document requirements at any time.
Metrobank's home loan rates are not fixed publicly and vary based on your loan amount, chosen fixing period, and overall borrower profile. Based on general market information, standard rates typically range from around 7% to 10% p.a., but these are approximate figures and subject to change without notice. For verified, up-to-date rates, we recommend speaking directly with Metrobank or using Nook's free service to compare current offers from multiple partner banks side by side.
Yes — if your current Metrobank home loan is on a rate above 6%, refinancing through Nook could significantly reduce your monthly repayments. Nook works with multiple accredited Philippine banks to find you the best available refinance rate, currently as low as 5.99% p.a., and the entire brokering service is free to you as the borrower. The process typically requires similar documentation to a new home loan application, and Nook's specialists will guide you every step of the way.
Approval timelines vary depending on the completeness of your documents and the volume of applications at the bank, but home loan approvals in the Philippines generally take between two to six weeks from submission of a complete application. Refinancing through Nook can sometimes be faster because our team pre-checks your documents and coordinates directly with partner banks on your behalf. Getting a free refinance assessment through Nook takes just minutes and gives you a clear picture of your options before you commit to anything.
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