Apply for a Home Loan

Interest rates and fees

• Home Purchase Loan interest rates:*

  • 1 year - 7.625%
  • 2 years - 8.00%
  • 3 years - 8.25%
  • 4 years - 8.50%
  • 5 years - 8.75%
• Fees:
  • Appraisal fee of PHP 4000 (Metro Manila) or PHP 4500 (countryside)
  • Title investigation fee of PHP 1000
  • 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)


*1% shall be added to Home Equity. 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.

Home Loan application requirements

• Application form
• Valid ID
• Collateral documents:
  • Owner’s duplicate copy of Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
  • Tax Declaration of Land and/or Improvement
  • House Plans/Bill of Materials/Building Specifications (for construction loans) or
  • Contract-to-Sell (CTS) or Reservation Agreement (RA) (if under Developer’s Tie-up)
• Marriage contract, if applicable
• Income documentation:
  • For Employed/Salaried individuals
    • Certificate of Employment (COE) with compensation, position or job title, and date employed or tenure OR;
    • Latest three (3) months electronic pay slips / payroll bank statements OR;
    • Latest ITR or BIR Form 2316
  • For Individual Applicants in Business
    
    • If Single Proprietorship: DTI Certificate of Registration or Business Permit
    • If Partnership: Articles of Partnership with names of Partners
    • If Corporation: SEC Registration AND Articles of Incorporation and By-Laws, AND Updated GIS with names of Shareholders and Senior Management
    • Latest six (6) months bank statements
    • If loan exposure > 3MM: Latest Income Tax Return (ITR) AND 2 years Audited Financial Statements

• • For OFWs:
    • If land-based Certificate of Employment (COE) with compensation, position or job title, tenure, employer’s email (original if land-based OFW) or Latest POEA contract with Certificate of Sea Service with work history and tenure (if sea-based OFW)
    • Proof of monthly remittance for the last six (6) months in the name of the OFW or his immediate family members OR three (3) months pay slips / payroll bank statements

How to apply

• You may visit the nearest Metrobank branch or submit an application form online.

Frequently asked questions

How much of the property's value can I loan? 
Your Home Loan can cover up to 80% of the property's value. 

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

For OFWs:

• Passport