Apply for a Home Equity Loan

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Home Equity Loan

Use your existing property to fund various purposes with a Metrobank Home Equity Loan

Flexible terms

Easy payment terms of up to 10 years for your life goals through a Home Equity Loan

Up to 70% loanable amount

Get up to 70% of your property's value for your various needs and goals.

Minimal requirements

Apply for a home purchase loan with just an application form, ID, income, and collateral documents.

Fund your dream
projects today

Whether it's acquiring a new asset, funding a dream project, or even modernizing a home through solar panels - a property equity loan can unlock multiple possibilities.

Home improvement

Spruce up your current home and bring it back to life.

Equity Loan

Acquire a new asset using the value of your existing property.

Versatile purpose

Fund your dream travel, education, luxury purchase, medical procedures and others.

Things to know

Here are important things you should know if you plan on applying for a Metrobank Home Loan.

Eligibility criteria

Minimum age: 21 years old
Minimum income: PHP 40,000 or USD 1,000
Employment status:
- Permanent status with current employer for 2 years
- For land-based OFWs, employed by the current employer for 2 years
- For sea-based OFWs, must have completed a combined contract duration of 24 months with the current agency
- For self-employed, profitable operations for at least 3 years
Credit history: Good standing, with no adverse findings
Collateral: Residential property

Interest rates and fees

Interest fixing period: 1 year to 5 years
Interest rates:* (1% shall be added for Home Equity Loans)

1 year - 6.25%
2 years - 7.25%
3 years - 7.75%
4 years - 8.00%
5 years - 8.25%

Maximum loanable amount: 80% of property value
Fees:
- Appraisal fee of PHP 4000 (Metro Manila) or PHP 4500 (countryside)
- Title investigation fee of PHP 1000
- Registration fee: Actual Quotation + Php2,000.00
- 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)

*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.

Frequently asked questions

How much of the property's value can I loan?
Your Home Equity Loan can cover up to 70% 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 Equity 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