Guide on Metrobank Home Loan Amount for Clients
METROBANK HOME LOAN AMOUNT – Here is a guide on how much you may borrow under the loan offer of Metrobank Philippines.
There are several banking entities in the Philippines and one of the most trusted is Metrobank. It is one of the giant banking firms in the country with financial services that serve both individuals and corporations. It has multiple loan offers.
One of the loans offered by Metrobank is the Home Loan offer. It caters to several purposes including the financing of a lot property acquisition. It boasts its loan offer with flexible payment terms, minimal requirements, and huge loanable amounts.
Under the offer, the minimum Metrobank Home Loan amount allowed for borrowing is Php 500,000. You may repay the loan for up to 10 years thus there is an option for light monthly installments.
The Metrobank Home Loan offer is open for Filipino citizens who are at least 21 years old and with a gross family income of at least Php 40,000 per month. If you are employed, you must be on a permanent status with your current employer for at least two (2) years already.
If you are in a business operation, the business must be gainfully operating for at least three (3) years already. Aside from the locally-employed and self-employed borrowers, the bank’s loan offer is also open for overseas Filipino workers (OFWs) who are earning at least USD 1,000 and meet the following requirements:
- For land-based (technical or administrative staff/officer) or sea-based (officer rank) OFW:
- must be in active employment or renewed when applying for a house purchase loan
- For land-based OFWs employed less than 2 years
- must be employed locally in the last 5 years prior to becoming an OFW, or as an OFW with different employers, or a combination
- For sea-based OFWs
- must have completed a combined contract duration of 24 months with current agency, or 48 months inclusive of previous agencies
There are requirements for Metrobank Home Loan 2024 application for the purpose of financing a lot purchase. Prepare the documents and submit them to the bank if you wish to file a Metrobank loan application.