List of Metrobank Home Loan Qualifications for Aspiring Borrowers
METROBANK HOME LOAN QUALIFICATIONS – Here is a guide on who are eligible to apply for the Home Loan offer of Metrobank.
In the Philippines, one of the banks that may help you achieve your goal to acquire a residential property is Metrobank. It can also help you financing your house construction or home renovation. Its Home Loan is one of the offers of the bank that serving the Filipino people for decades now.
Even the individuals who have huge money do not agree for a one-time cash payment in buying residential properties. They would rather use their money in something where it has a chance to grow. This is where the advantage of home loan offers sets in.
Just like in other loans, there is also a set of Metrobank Home Loan qualifications for application. Meanwhile, the list is short and here is the eligibility criteria that you must meet to qualify for the loan offer:
- at least 21 years old at the time of the loan application
- minimum gross monthly family income of PHP 40,000
- good credit history with no adverse findings
- property to be used as collateral must be residential
- with a stable source of income
If you are employed, you must have a minimum employment tenure of two (2) years with your current employer. Otherwise, if you are self-employed, you must be running a business with profitable operations for the past three (3) years.
We understand that not everyone has enough time for the loan application processing. It will be best to follow the steps on how to apply for a Metrobank Home Loan offer to conserve money, time, and energy in applying for the offer. There are also requirements that you need to submit.