Metrobank
About Metrobank
Metropolitan Bank & Trust Company opened its first branch in Binondo in 1962. It now serves individuals, small businesses and larger companies through a universal-banking model.
Company background
Personal Loan
Metrobank permits personal purchases using its unsecured cash loan. Funds are released to the borrower, so a motorcycle can be bought at the dealer’s cash price.
Minimum requirements
- Filipino citizen, age 21–65 at maturity, gross ANNUAL income at least ₱250,000, existing credit card.
- Regular employee with current employer for one year, business applicants: two years of business.
Documents
- One valid government ID. The current product page advertises no income documents for application, bank assessment still applies.
Repayment and costs
- Cash-purchase alternative: the bank permits broad personal purchases. Approval and net proceeds must cover the motorcycle price.
- The ₱1,500 disbursement fee is deducted from proceeds; documentary stamp tax of 0.75% also applies above ₱250,000. Allow for deductions when budgeting the cash purchase.
- ₱250,000 gross ANNUAL income, not converted to a fixed monthly salary requirement.
Home Loan
Home financing is listed in Metrobank’s consumer range. Check property eligibility, your deposit, the fixing period and repricing formula.
Minimum requirements
- Current application form requires at least ₱40,000 gross monthly income and a ₱500,000 loan request. Purpose and property conditions still apply.
Repayment and costs
- Application form: ₱40,000 gross monthly income. Confirm co-borrower treatment.
Car Loan
Vehicle financing is listed by Metrobank. Compare the cash price, down payment, amount financed and required insurance together.
Minimum requirements
- Gross family income ₱40,000/month, two years with employer or three profitable business years. Good credit history.
Repayment and costs
- Family income: ₱40,000/month.
If you cannot repay on time
Contact Metrobank before the payment date with your loan reference, the reason for the shortfall and a realistic payment proposal. Ask which assistance options apply to your account and request the revised dates, charges and total payable in writing. Continue using the agreed schedule until the company confirms a change.
Repayment help