Guide on Metrobank Cash Loan Interest Rates
METROBANK CASH LOAN INTEREST – You can check the guide below for the interest rates set by the bank based on the loan term.
In the Philippines, Metrobank is one of the entities that you may turn to for a multi-purpose cash loan offer. It is one of the several loans offered by the bank which is one of the trusted and most popular entities in the banking field.
To be eligible to apply for the cash loan offer of Metrobank, the borrower or loan applicant must possess the following qualities:
- A Filipino citizen
- at least 21 years old at the time of loan application and 65 years old upon loan maturity
- gross annual income of at least PHP 350,000
- has an existing credit card
- If employed: be of regular status with current employer for at least 1 year
- If self-employed: be at least 2 years in the current business
Do you want to check on the loanable amounts under the offer? You can check the amounts you may borrow under the Metrobank Cash Loan offer ever prior to pursuing a loan application.
The Metrobank Cash Loan interest rate depends on the loan term. You may repay the loan from 12 months up to 36 months.
12 Months
- Monthly Add-on Rate — 1.75%
- Annual Contractual Rate — 36.742%
18 Months
- Monthly Add-on Rate — 1.75%
- Annual Contractual Rate — 36.676%
24 Months
- Monthly Add-on Rate — 1.50%
- Annual Contractual Rate — 31.459%
36 Months
- Monthly Add-on Rate — 1.25%
- Annual Contractual Rate — 25.976%
There is a smooth process to apply for Metrobank Cash Loan for a financial solution. Metrobank remains to be one of the most popular and trusted entities in the field in PH. It has several other offers including savings and deposit accounts as well as credit cards.