Refinancing Home Loan

Highlights Benefits Things to know Apply now Exploring

Home Loan for Refinancing

Enjoy low welcome rates when you refinance your home loan with Metrobank.

Lower interest rates

Metrobank offers affordable interest rates to keep the cost of owning your home manageable

Flexible payment terms

Easy payment terms of up to 15 years when you refinance your home loan with Metrobank.

Easy application requirements

Apply for a home purchase loan with just an application form, ID, income, and collateral documents.

Why refinance with us

Refinancing your home loan with Metrobank lets you tap better terms and lighter payments

Start fresh

Metrobank will help you reassess your rates and payment terms as you shift to our home loan.

Finish strong

Refinancing your home loan lets you find better repayment terms so you can pay off your debt faster.

Live comfortably

Our affordable rates make your monthly loan payments easier, giving you more room to live your best life.

<h2>Why refinance <span style="background: linear-gradient(76.66deg, #0357ff 10.45%, #ac30ff 54.85%); color: transparent; background-clip: text;">with us</span></h2>

Things to know

Here are important things you should know if you plan on applying for a Metrobank Home Loan.

Eligibility criteria

Minimum age: 21 years old
Minimum income: PHP 40,000 or USD 1,000 (for OFWs)
Employment status:
- Permanent status with current employer for 2 years
- For land-based OFWs, employed by the current employer for 2 years
- For sea-based OFWs, must have completed a combined contract duration of 24 months with the current agency
- For self-employed, profitable operations for at least 3 years
Credit history: Good standing, with no adverse findings
Collateral: Residential property

Interest rates and fees

Interest fixing period: 1 year to 5 years
Interest rates:*
- 1 year - 6.25%
- 2 years - 7.25%
- 3 years - 7.75%
- 4 years - 8.00%
- 5 years - 8.25%
Maximum loanable amount: 80% of total cost
Fees:
- Appraisal fee of PHP 4000 (Metro Manila) or PHP 4500 (countryside)
- Title investigation fee of PHP 1000
- Registration fee
- Notarial fee of PHP 400 (or actual quotation from service provider, whichever is higher) per document
- Handling fee of PHP 5000
- Mortgage Redemption Insurance (to be quoted)
- Property Insurance (to be quoted)

*Rates may change from time to time. Kindly visit your nearest Metrobank branch or call our contact center at (02) 88-700-700 for the most updated rates.

Frequently asked questions

How long is the interest fixing period?
The fixing period for home loans is 1 to 5 years.

What happens after the fixing period?
At the end of your fixing period, your Home Loan will be re-priced. This means that the interest rate of your loan will change.

How can I pay for my monthly amortization?
You can pay for the monthly amortization via Auto Debit Arrangement (ADA) from your Metrobank deposit account.

What valid IDs can I present?
You may present any of these IDs:
For locally employed or in business:

Philippine Identification Card (PhilID)
Passport
Driver’s License
Professional Regulation Commission ID
Postal Identity Card
Voter’s ID
GSIS e-Card
Social Security System card or Unified Multi-Purpose ID
Senior Citizen Card
Government Office and Government Owned and Controlled Corporations ID (e.g. BSP, SEC, Insurance Commission)
Persons with Disabilities (PWD) ID issued by the National Council on Disability Affairs
Integrated Bar of the Philippines ID
Company ID (if signature bearing) issued by Covered Person registered with or supervised/regulated by BSP, SEC or Insurance Commission