Metrobank is one of the Philippines' most trusted home loan providers — but before you apply, make sure you understand the eligibility requirements, documents needed, and whether you're getting the best possible rate.
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Why this matters
Metrobank's housing loan is a popular choice among Filipino homebuyers, typically offering loan amounts starting from ₱500,000 with repayment terms of up to 20 years. To qualify, borrowers generally need to be between 21 and 65 years old at loan maturity, have a stable source of income, and meet a minimum gross monthly income threshold — usually around ₱30,000 to ₱40,000 depending on the loan amount. Required documents typically include a government-issued ID, proof of income (payslips, ITR, or audited financial statements for self-employed applicants), a duly accomplished application form, and property-related documents such as the Transfer Certificate of Title (TCT) and a tax declaration. Please note that rates and requirements shown here are approximate, based on publicly available information, and are subject to change — always verify current terms directly with Metrobank before applying. For a deeper breakdown of what's needed, see our full Metrobank housing loan eligibility guide.
If you already have an existing Metrobank home loan, it's worth asking whether your current interest rate still reflects today's market. Many homeowners who took out loans three to five years ago are still paying rates of 8% to 10% per annum — significantly higher than what's available today. Refinancing through Nook can help you access rates as low as 5.99% p.a. through our panel of partner banks, potentially saving you thousands of pesos every month. Nook's service is completely free to borrowers — we're compensated by the bank, not by you.
Whether you're a first-time homebuyer researching Metrobank's requirements or an existing borrower wondering if you can do better, Nook can help you compare options across multiple lenders in one place. Our licensed mortgage specialists will guide you through the entire process — from document preparation to bank submission — so you don't have to navigate it alone. Learn more about how Metrobank home loan refinancing works and whether switching could work in your favour.
How it works
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Common questions
To qualify for a Metrobank housing loan, you generally need to be a Filipino citizen (or a foreign national married to a Filipino) aged 21 to 65 years old at the end of the loan term, with a stable income and a satisfactory credit history. Employees typically need at least two years of continuous employment, while self-employed applicants usually need to show at least two years of profitable business operations. These are general eligibility guidelines — Metrobank may apply additional criteria depending on the loan amount and property type, so it's best to confirm current requirements directly with the bank.
Commonly required documents include a completed application form, one or two valid government-issued IDs, proof of income (such as recent payslips and a Certificate of Employment for employed applicants, or ITR and audited financial statements for the self-employed), and property documents including the Transfer Certificate of Title, tax declaration, and lot plan. OFW applicants typically need additional documents such as a Special Power of Attorney and proof of overseas employment. Document requirements can vary, so always confirm the latest checklist with Metrobank or a licensed mortgage specialist.
Metrobank's home loan processing time typically ranges from two to four weeks after submission of complete documents, though this can vary depending on the complexity of the application and property involved. Incomplete submissions are one of the most common causes of delays, so it pays to prepare all required documents thoroughly before applying. Working with a mortgage broker like Nook can help ensure your application is complete and correctly structured from the outset.
Yes — if your current Metrobank home loan carries a rate of 8% or higher, refinancing to a lower-rate lender could result in significant monthly savings. Through Nook, you can access refinancing rates as low as 5.99% p.a. from our panel of partner banks, and our service is completely free to borrowers. The refinancing process typically takes four to eight weeks and involves re-assessment of your income and property, but Nook's team will handle the heavy lifting on your behalf.
The rates referenced on this page are approximate figures based on publicly available information and general market knowledge — they are not sourced directly from Metrobank and should not be treated as confirmed offers. Interest rates for Philippine home loans are subject to change based on prevailing market conditions, the borrower's profile, and the repricing schedule agreed at loan origination. Always contact Metrobank directly or speak with a licensed mortgage advisor to obtain your actual applicable rate before making any financial decisions.
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