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Metrobank, one of the leading banks in the Philippines, offers a range of home loans options to help you achieve your dream of owning a home.



Here’s a comprehensive guide to understanding and applying for a Metrobank Home Loan.

For other type of loans, visit my detailed guide for best personal loans and car loans in the Philippines!

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Metrobank Home Loan Features

Minimum loan amount: ₱500,000

Maximum loanable amount: Up to 80% of the property’s price

Interest rate:
  • 7.75% for one-year fixing
  • 8% for two-year fixing
  • 8.50% for three-year fixing
  • 8.75% for four-year or five-year fixing

Maximum loan term: Up to 25 years



Eligible Purposes for Metrobank Home Loan

  • Lot purchase
  • House construction
  • Second home acquisition using the existing property as collateral
  • Reimbursement
  • Refinancing
  • Home upgrades 



Who Can Apply for a Metrobank Home Loan?

  • Filipino citizens
  • At least 21 years old
  • With at least a gross monthly income of ₱40,000
  • If employed, must have a permanent status with the current employer for the last two years
  • If self-employed or running a business, business must be profitable for at least three years
  • If Overseas Filipino Worker or Overseas Contract Worker, with or without a permanent residency status in their host country




Metrobank Home Loan Requirements


If employed:
  • Duly accomplished application form
  • One valid government-issued ID (passport is preferred)
  • Certificate of Employment (COE) with compensation, position or job title, date of employment or tenure OR latest electronic payslips for the last three months OR latest ITR or BIR Form 2316 
  • Marriage contract, if applicable

If OFW:
  • Duly accomplished application form
  • Valid passport
  • Certificate of Employment (COE) with compensation, position or job title, tenure, employer’s email (original if land-based) OR latest POEA contract and Certificate of Sea Service with work history and tenure (if sea-based)
  • Proof of monthly remittance for the last six months in the name of the OFW or his immediate family members OR payslips or payroll bank statements for the last three months
  • Marriage contract, if applicable 

If running a business:
  • Duly accomplished application form
  • One valid government-issued ID (passport is preferred)
  • Business documents: DTI Certificate of Registration or Business Permit for single proprietorship; SEC Registration with Articles of Incorporation and By-Laws (or Articles of Partnership) for corporations or partnerships
  • Latest ITR and audited financial statements (AFS) for the last two years
  • Latest bank statements for the last six months
  • Marriage contract, if applicable

If partnership or corporation:
  • Duly accomplished application form (Partnership and Corporation)
  • SEC Registration with Articles of Incorporation and By-Laws (or Articles of Partnership)
  • Updated GIS with names of senior management and stockholders
  • Latest ITR and audited financial statements (AFS) for the last two years
  • Latest bank statements for the last six months



ATTRACTIONS TO SEE IN MANILA 

Klook.com

Collateral requirements

  • Duplicate copy of Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
  • House Plans/Bill of Materials/Building Specifications (if construction loans) 
  • Contract to Sell (CTS) or Reservation Agreement (RA) (if under developer’s tie-up)
  • Tax Declaration on Land and/or Improvement
  • Appraisal and title investigation fees (non-refundable)


Remember, a home loan is a significant financial commitment. Take your time to research, ask questions, and make an informed decision that suits your financial goals and capabilities.

Apply for Metrobank Home Loan Now!


If you are looking to apply for a credit card, here are my Tips to Get Approved for a Credit Card Application.



ACTIVITIES AND TOURS IN MANILA

Home Loans in the Philippines

Here's a list of banks that offer best home loans in the Philippines:

Building Your Dream House with Metrobank Home Loan (Requirements and Eligibility)


Metrobank, one of the leading banks in the Philippines, offers a range of home loans options to help you achieve your dream of owning a home.



Here’s a comprehensive guide to understanding and applying for a Metrobank Home Loan.

For other type of loans, visit my detailed guide for best personal loans and car loans in the Philippines!

Loading...

Metrobank Home Loan Features

Minimum loan amount: ₱500,000

Maximum loanable amount: Up to 80% of the property’s price

Interest rate:
  • 7.75% for one-year fixing
  • 8% for two-year fixing
  • 8.50% for three-year fixing
  • 8.75% for four-year or five-year fixing

Maximum loan term: Up to 25 years



Eligible Purposes for Metrobank Home Loan

  • Lot purchase
  • House construction
  • Second home acquisition using the existing property as collateral
  • Reimbursement
  • Refinancing
  • Home upgrades 



Who Can Apply for a Metrobank Home Loan?

  • Filipino citizens
  • At least 21 years old
  • With at least a gross monthly income of ₱40,000
  • If employed, must have a permanent status with the current employer for the last two years
  • If self-employed or running a business, business must be profitable for at least three years
  • If Overseas Filipino Worker or Overseas Contract Worker, with or without a permanent residency status in their host country




Metrobank Home Loan Requirements


If employed:
  • Duly accomplished application form
  • One valid government-issued ID (passport is preferred)
  • Certificate of Employment (COE) with compensation, position or job title, date of employment or tenure OR latest electronic payslips for the last three months OR latest ITR or BIR Form 2316 
  • Marriage contract, if applicable

If OFW:
  • Duly accomplished application form
  • Valid passport
  • Certificate of Employment (COE) with compensation, position or job title, tenure, employer’s email (original if land-based) OR latest POEA contract and Certificate of Sea Service with work history and tenure (if sea-based)
  • Proof of monthly remittance for the last six months in the name of the OFW or his immediate family members OR payslips or payroll bank statements for the last three months
  • Marriage contract, if applicable 

If running a business:
  • Duly accomplished application form
  • One valid government-issued ID (passport is preferred)
  • Business documents: DTI Certificate of Registration or Business Permit for single proprietorship; SEC Registration with Articles of Incorporation and By-Laws (or Articles of Partnership) for corporations or partnerships
  • Latest ITR and audited financial statements (AFS) for the last two years
  • Latest bank statements for the last six months
  • Marriage contract, if applicable

If partnership or corporation:
  • Duly accomplished application form (Partnership and Corporation)
  • SEC Registration with Articles of Incorporation and By-Laws (or Articles of Partnership)
  • Updated GIS with names of senior management and stockholders
  • Latest ITR and audited financial statements (AFS) for the last two years
  • Latest bank statements for the last six months



ATTRACTIONS TO SEE IN MANILA 

Klook.com

Collateral requirements

  • Duplicate copy of Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
  • House Plans/Bill of Materials/Building Specifications (if construction loans) 
  • Contract to Sell (CTS) or Reservation Agreement (RA) (if under developer’s tie-up)
  • Tax Declaration on Land and/or Improvement
  • Appraisal and title investigation fees (non-refundable)


Remember, a home loan is a significant financial commitment. Take your time to research, ask questions, and make an informed decision that suits your financial goals and capabilities.

Apply for Metrobank Home Loan Now!


If you are looking to apply for a credit card, here are my Tips to Get Approved for a Credit Card Application.



ACTIVITIES AND TOURS IN MANILA

Home Loans in the Philippines

Here's a list of banks that offer best home loans in the Philippines:

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