Guide on the Requirements for Metrobank Home Loan 2024 Application Process
REQUIREMENTS FOR METROBANK HOME LOAN 2024 – Here are the documents that must be submitted the bank in applying for the loan offer for a lot purchase
Are you one of the people who are looking for an entity where you may apply for a home loan? In the Philippines, one of the banks that you may turn to is Metrobank.
Metrobank is one of the biggest and popular banks in the Philippines which has gained the trust of millions of Filipinos across the nation. Its offers encompass both personal and business categories. One of the loan offers is the Metrobank Home Loan that is open for several purposes.
Metrobank is ready to finance a lot purchase, a house construction, a residential asset acquisition, a reimbursement of an existing home loan, and a refinancing.
For the purpose of lot purchase, the minimum loanable amount under Home Loan offer is Php 500,000.00. To apply for the offer, the requirements for Metrobank Home Loan application depends if you are employed, self-employed, or an overseas Filipino worker (OFW).
If you are locally-employed, here are the documents that you must prepare and submit to the bank to apply for the loan offer:
- duly-accomplished and signed Metrobank Home Loan Application Form
- one (1) valid government-issued ID (preferably passport)
- proof of income
- Original Certificate of Employment with compensation (COEC), position or job title, and date employed or tenure
- Latest 3 months electronic payslips
- Latest ITR or latest BIR Form 2316
- marriage contract, if applicable
If you are self-employed, there is a different set of documents required for application. Here are the documents needed in applying for the loan offer:
- duly-accomplished and signed Metrobank Home Loan Application Form
- one (1) valid government-issued ID (preferably passport)
- business papers:
- If Single Proprietorship, DTI certificate of registration or Business Permit
- If Corporation or Partnership, SEC Registration with Articles of Incorporation and By-Laws (or Articles of Partnership)
- proof of income:
- Latest 2 years Income Tax Return (ITR) and Audited Financial Statements
- Latest 6 months bank statements
- marriage contract, if applicable
The Metrobank Home Loan offer is not only open for salaried and non-salaried individuals resideing in the country. Even overseas Filipino workers (OFWs) may apply for the loan offer and here are the requirements for the Metrobank Home Loan application:
- duly-accomplished and signed Metrobank Home Loan Application Form
- valid Philippine passport
- Marriage contract, if applicable
- source of repayment
- For land-based OFW, Original Certificate of Employment with compensation (COEC), position or job title, tenure, employer’s email
- For sea-based OFW, Latest POEA contract and Certificate of Sea Service with work history and tenure
- Proof of monthly remittance for the last 6 months in the name of the OFW or his immediate family members OR 3 month’s payslips/payroll bank statements
