Promo Mechanics

What are the mechanics

  1. The Metrobank Happy HoliDeals Promo (“Promo”) is open to all qualified clients who will submit complete Car or Home Loan application documents from October 10 to December 15, 2023 (“Promo Period).

  2. To qualify for the promo, Car Loan applications should be subsequently approved and booked1 by December 29, 2023 (“Car Loan Availment Period”). Qualified accounts shall enjoy the following:

    a. Rebate of up to PHP 30,000
    b. Low interest rate
    c. Pre-qualification to a Metrobank Toyota Mastercard

    1A Car Loan 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. To qualify for the promo, Home Loan applications should be subsequently appraised, approved and booked by December 29, 2023 (“Home Loan Availment Period”). Qualified accounts shall enjoy the following:

    a. Free appraisal of up to P5,500 (regardless of loan amount and term)
    b. Low interest rate
    c. Pre-qualification to a Metrobank credit card

  4. Eligibility criteria are as follows:

  • For Car Loan (low interest rate and rebate):
    • Application is for purchase or reimbursement of a brand-new vehicle for private use only
    • Loan term should be at least 36 months
    • Loan amount should be at least PHP 700,000
    • Mode of payment should be via Auto-Debit Arrangement (ADA)
  • For Home Loan (low interest rate):
    • Applicable to all Home Loan purposes
    • Loan term should be at least 5 years
    • Loan amount should be at least PHP 1,000,000

Car Loan Rebate

  1. Qualified Car Loan accounts will get a cash rebate of up to PHP 30,000.00. Rebate will depend on the loan amount:
Car Loan Amount Rebate Amount
PHP 700,000 to <PHP 2,000,000 PHP 10,000
PHP 2,000,000 to <PHP 3,000,000 PHP 20,000
PHP 3,000,000 and above PHP 30,000

The cash rebate will be credited to the client’s Auto-Debit Arrangement (ADA) account upon loan booking.

Home Loan Free Appraisal

  1. Qualified Home Loan clients will enjoy a free appraisal of up to:

    • PHP 5,000 for Metro Manila areas
    • PHP 5,500 for Countryside areas

    Ocular inspections and title investigation should be conducted during the Home Loan Availment Period to be qualified for the waived appraisal fee offer.

    The offer includes free Appraisal Fee for 1 property and title verification for 1 title only per application. Additional fees for applications with multiple titles will be shouldered by the client.

    For construction loans, the offer shall apply to appraisal fee upon loan application only. Progress inspection after loan release shall be subject to applicable fees.

    For condominium with parking slots covered by separate titles, the offer shall cover the appraisal and Title Investigation (TIV) fee of 1 condominium unit and 1 parking slot only.

Low Interest Rates

  1. Interest rates lower than the published Metrobank Car Loan rates for 36 to 60 month terms will be quoted upon loan approval.

  2. Interest rates lower than the published Metrobank Home Loan rate for 5-year fixing period will be provided and applied upon loan release.

For construction loans, the first tranche must be released on or before the end of the promo availment period to avail of the low rate offer.

Pre-Qualified2 Credit Card Offer:

  1. The pre-qualified credit card may only be availed by individual loan borrowers.

  2. 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.

    2Pre-qualification means that client has met the basic credit card eligibility requirements.


  1. For Car Loans, cash rebate and low interest rates may not be availed separately.

  2. For Home Loans, waived appraisal fee and low interest rates may be availed separately.

  3. The pre-qualified credit card availment is optional.

  4. For Car Loan offer
    a. 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.
    b. Vehicles sourced from non-authorized dealerships (gray market) are not qualified for the promotion.

  5. All applications qualified for the Promo will undergo standard evaluation process of Metrobank, subject to completion of required application documents.

  6. The offer is non-transferrable and cannot be availed in conjunction with other Metrobank promotions and/offers. The Bank must be advised in writing, if client opts to avail of other on-going promotional activities or other special considerations.

  7. Standard Metrobank Car Loan, Home Loan, and Credit Card terms and conditions apply.

  8. Any amendment in the terms and conditions is subject to DTI approval.

  9. In case of dispute, Metrobank’s decision shall be deemed final in concurrence with DTI. These terms and conditions are subject to any relevant law, government direction and regulation. The promo will be void where prohibited or restricted by law or government regulations.

  10. Metrobank is regulated by the Bangko Sentral ng Pilipinas (

Customer Support

For any questions or clarifications on the promo or concerns with regard to Metrobank Car or Home Loan, customers may contact the 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

How to apply

Standard Terms and Conditions apply.

DTI Fair Trade Permit No. FTEB-177301, Series of 2023

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