Guide on Metrobank Cash Loan Application 2024 — How Much You May Borrow
METROBANK CASH LOAN APPLICATION 2024 – Here are the minimum and maximum loanable amounts under Metrobank’s Personal Loan offer.
Nowadays, solving financial solutions can be done in many different ways. Among these is through applying for a multi-purpose loan that comes in many offers. One of the trusted loan providers in the Philippines is Metropolitan Bank & Trust Company or more popularly called Metrobank.
Metrobank actually has several loan offers. Its loans attend to different purposes aside from the multi-purpose Personal Loan offer. Here are the loans offered by the trusted banking entity:
- Personal Loan
- Home Loan
- Car Loan
With regards to the Personal Loan offer of the bank, you may apply for it to aid your event expenses, for the repair of your car, to boost your business’ operation, to maximize the improvements in your home, etc.
The loan offer is open for individuals who meet the following qualifications set by Metrobank under its cash loan offer:
- Filipino citizen
- 21 years old and above at the time of loan application and 65 years old upon the loan maturity
- has a 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
With regards to the loanable amounts under a Metrobank cash loan application, the bank has provided the following range of amounts it allows for borrowing:
- Minimum Loanable Amount — Php 20,000
- Maximum Loanable Amount — Php 1 million
If you wish to push through with a Metrobank cash loan application, it is best to know all applications are subject to the approval of the bank. The lender will assess the borrower’s capacity to pay. The interest rate under the Metrobank cash loan offer depends on the chosen loan term.
With regards to the repayment, a client may prefer a smooth process by enrolling for an auto-debit arrangement (ADA) in a Metrobank deposit account. Meanwhile, the loan offer is open even for those who have no existing Metrobank accounts.
In applying for the loan offer, prepare the requirements for Metrobank cash loan application and submit them to the bank.