Promo Mechanics

What are the mechanics

  1. The 2023 "Your Dream is On Us" promo (“Promo”) shall run from April 14 to June 30, 2023 (“promo period”).

  2. The promo is open to Metrobank clients who have applied for a car loan during the promo period and whose car loans have been subsequently booked¹ until August 31, 2023.

    1An application shall be considered “booked” upon (1) submission of complete documents required from the Dealer; and if applicable, (2) registration of Security Interest in the Registry and submission of Certificate of Registration encumbered in favor of the Bank as stated in the Notice of Approval conditions.

  3. Minimum car loan amount is PHP 500,000 and minimum term is 3 years.

  4. Qualified clients will be entitled to the following:
    a. Waived Security Interest Registration Fee of up to PHP 50,000 (inclusive of Security Interest Registration Fee, Documentary Stamp Tax (DST) and Notarial Fee). The maximum amount of fee waiver will depend on the term of the loan and the actual cost of aforementioned inclusions but not to exceed: b. Special Interest Rates: c. Pre-qualified Metrobank Toyota Mastercard.

To apply, go to

  1. Only clients with complete car loan application documents submitted to Metrobank during the promo period and have booked1 the loan until August 31, 2023 will qualify for the promo.
  2. Minimum loan amount of PHP 500,000 is required.
  3. Minimum loan term is three (3) years or equivalent to 36 months.
  4. The loan availed under this promo is subject to a lock-in period which is equivalent to the entire term of the loan.
  5. During the lock-in period, the client:
    a. Shall not pre-terminate/fully pay the loan.
    b. Shall not request for amendment of the originally approved interest rate and loan term.
  6. In case of violation of any of the above conditions, regardless of the timing in relation to the term of the loan, the client shall reimburse the Bank the total waived fees and interest differential between the board interest rate at the time of loan booking and the promo rate.
  7. The client shall keep the vehicle under this promo for private use only and not convert the same to a public utility vehicle for the entire loan term.
  8. Vehicles sourced from non-authorized dealerships (gray market) are not qualified for the promotion.
  9. The client shall authorize the Bank to hold the release of original LTO OR/CR, Deed of Cancellation/Release of Chattel Mortgage, and other documents relative to the motor vehicle until maturity/full settlement of the loan and/or until any unpaid obligation is settled.
  10. All other loan related fees, such as but not limited to appraisal fee, title investigation fee, handling fee, and insurance premiums, are not eligible for the waived fees offer and shall be shouldered by the client.
  11. The promo is non-transferrable and may not be availed in conjunction with other on-going promotional activities or other special considerations.
  12. The Bank must be advised in writing, if client opts to avail of other on-going promotional activities or other special considerations.
  13. Fee waiver and special rates may NOT be availed separately.
  14. The pre-qualified credit card availment is optional.
  15. The pre-qualified credit card may only be availed by individual loan borrowers.
  16. The pre-qualified credit card may be offered to either principal loan borrower or co-borrower as principal credit card holder but cannot be both. The other loan borrower may apply as supplementary card credit card holder.
  17. All pre-qualified Metrobank credit card applications shall undergo standard credit evaluation and shall be subject to Metrobank’s final approval. Pre-qualification means that client has met the basic eligibility requirements.
  18. Standard Metrobank Car Loan and Metrobank Credit Card Terms and Conditions shall apply.
  19. Any amendment in the terms and conditions is subject to DTI approval.
  20. Metrobank is regulated by the Bangko Sentral ng Pilipinas.


For any questions or clarifications on the promo or concerns with regard to Metrobank Car Loan, customers may contact Metrobank Contact Center at (02) 88-700-700 or domestic toll-free 1-800-1888-5775, Mondays to Fridays, from 8:30 AM to 5:30 PM, or send an email to

Per DTI Fair Trade Permit No. FTEB-164522, Series of 2023

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