Metrobank is one of the Philippines' most trusted home loan providers — but once you're approved and settled in, are you still getting the best rate? Many homeowners discover they can save significantly by refinancing through Nook.
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Why this matters
Metrobank's housing loan is a popular choice among Filipino homebuyers, offering competitive fixed-rate periods and flexible loan terms of up to 20 years. To qualify, borrowers typically need to be Filipino citizens (or foreign nationals married to Filipinos) aged 21 to 65 years old at loan maturity, with a minimum gross monthly income of around ₱40,000. Employed applicants generally need at least two years of tenure with their current employer, while self-employed borrowers are usually required to show at least two years of profitable business operation. Note that Metrobank's published rates and eligibility criteria are based on publicly available information and are subject to change — always verify current requirements directly with the bank before applying. For a deeper look at what's involved, see this full breakdown of Metrobank housing loan documents and eligibility.
On the documentation side, you'll typically need to prepare a completed application form, one valid government-issued ID, proof of income (payslips, ITR, or audited financial statements for the self-employed), and property-related documents such as a certified true copy of the Transfer Certificate of Title (TCT), tax declaration, and a vicinity map. The bank will also require a Property Appraisal, which they arrange independently. Getting these documents in order before you apply can significantly speed up processing time and improve your chances of approval.
Here's something many Metrobank borrowers don't realise: once your fixed-rate period ends — usually after 1, 2, 3, or 5 years — your rate reprices to the prevailing market rate, which may be higher than what you originally locked in. If your loan has already repriced and you're now paying 8% or more, it's worth exploring your options. Through Nook, the Philippines' first digital mortgage broker, you may be able to refinance to as low as 5.99% p.a. at no cost to you. Nook's service is 100% free for borrowers. You can learn more about the Metrobank refinancing process and how it compares to other lenders.
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 aged 21 to 65 years old at loan maturity, with a stable source of income and a minimum gross monthly income of around ₱40,000. Employed borrowers typically need at least two years with their current employer, while self-employed applicants should have at least two years of profitable business operation. These are approximate requirements based on publicly available information — confirm the latest criteria directly with Metrobank before applying.
You'll typically need a completed application form, one valid government-issued ID, and income documents such as your latest ITR and payslips (for employed applicants) or audited financial statements and business permits (for self-employed). Property documents required usually include a certified true copy of the Transfer Certificate of Title, current tax declaration, and a location or vicinity map. Requirements may vary depending on your applicant profile, so it's best to confirm the full list with Metrobank directly.
Processing times can vary depending on the completeness of your documents and the complexity of the property involved, but applicants generally receive a decision within two to four weeks after submitting a complete application. Having all required documents ready — especially property titles and income proof — can help avoid delays. Metrobank will also arrange an independent property appraisal, which is part of the process.
Metrobank home loans typically come with a fixed-rate period of 1, 2, 3, or 5 years, after which the rate reprices based on prevailing market conditions. This repriced rate is often higher than your original locked-in rate, which can significantly increase your monthly payment. If your loan has already repriced to 8% or above, refinancing through a broker like Nook could help you lock in a lower rate — potentially as low as 5.99% p.a. — at no cost to you.
Yes — refinancing your existing Metrobank home loan is a common strategy for reducing your monthly payments, especially if your fixed-rate period has ended and your rate has repriced upward. Through Nook, you can compare refinancing offers from multiple Philippine banks for free, with no fees charged to the borrower. Check out our guide on Metrobank home loan refinancing to understand the process, typical timelines, and potential savings.
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