Is a Metrobank Housing Loan Right For Me?

A Metrobank Home Loan will allow you to borrow as much as 80% of the appraised value of your property, and your payment terms can be extended up to 25 years. You can also take out loans for construction, lot purchase, and refinancing.

How Much Can I Borrow With A Metrobank Housing Loan?

Maximum of 80% of appraised value of property

Am I Eligible for a Metrobank Home Loan?

Yes, if you are:

• At least 21 years old at loan application and not older than 65 years old upon loan maturity
• A Filipino citizen or foreigner with permanent resident visa for the Philippines

If based in the Philippines:

• A self-employed or fixed income earner
• Employed for at least 2 years with current employer
• Earning at least ₱30,000 for self-employed individuals, or have the same Gross Monthly Family Income (GMFI) for fixed income earners

If working overseas:

• A land based (technical or administrative staff/officer) or sea based (officer rank) OFW in active employment, or renewed/signed a contract at loan application
• For land based OFWs employed less than 2 years: Employed locally in the last 5 years prior to becoming an OFW, or as an OFW with different employers, or a combination of local and overseas employment
• For sea based OFWs: Completed a combined contract duration of 24 months with current agency, or 48 months inclusive of previous agencies
• Earning at least $1,000 for self-employed individuals (equivalent to ₱30,000), or have the same Gross Monthly Family Income (GMFI) for fixed income earners.

What Documents Will I Need to Prepare?

If you have applied for a Metrobank Home Loan, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below:

If locally employed:

• Government-issued ID
• Passport or ACR (if foreigner)
• One of the following:
  • Income Tax Return
  • Certificate of Employment
  • 3 months’ payslips

If self-employed:

• Government-issued ID
• Passport or ACR (if foreigner)
• 6 months’ bank statement with BOO Certification of “No Overdraft” charges

If OFW:

• Government-issued ID
• Passport or ACR (if foreigner)
• COE with email of employer (if land-based)
• Latest POEA contract (if sea-based)

Collateral Documents:

• Transfer Certificate of Title / Condominium Certificate of Title
• Tax Declaration
• Contract to Sell or Reservation Agreement (if under developer tie-up only)
• House Plans / Bill of Materials / Specifications (for house construction only)

Sounds Great! How Should I Proceed?

You can use the Metrobank home loan calculator to calculate your monthly repayments, based on your desired property value and loan amount. Once you are ready to apply, you can make a free enquiry through iMoney, and our customer representatives will call you back. Applying for a home loan with iMoney is absolutely free of charge.

If you're not satisfied with Metrobank home loan, you can also view what PNB Housing Loan is offering. However if you're still looking for alternatives, we can also recommend that you check out other house loan options listed on our website, available from other banks in the Philippines.

Is It Easy to Repay my Metrobank Home Loan?

Consult your nearest Metrobank branch for more details on how to repay your loan.