Guide on How To Apply for Metrobank Home Loan for Employed, Self-Employed Applicants
HOW TO APPLY FOR METROBANK HOME LOAN – You can check here the steps in applying for the loan offer of Metrobank.
Have you heard about the Home Loan offer of Metrobank? It is one of the most beneficial offers of the bank with an easy process in applying for its offers. The bank is one of the largest entities in the Philippine banking field.
Metrobank is operating for decades now since 1962. Its main branch is in Makati. Its offers encompass personal and business categories which have deposit accounts, loans, credit cards, investment products, insurance policies, and many other financial services under both.
With regards to the Metrobank Home Loan offer, it is open to finance the acquisition of a residential property, a house construction, a reimbursement of a residential property purchase, a refinancing of an existing home loan, or using a residential property to obtain cash for home improvements.
There are only a few steps on how to apply for the Metrobank Home Loan offer. Here is a guide in applying for the loan offer:
Step 1 — Check the qualifications.
The Metrobank Home Loan offer is open for individuals who are at least 21 years old and has a minimum gross monthly family income of PHP 40,000 with good credit history.
Step 2 — Prepare the requirements.
There are both collateral and personal requirements in applying for the Metrobank Home Loan offer. Here are the collateral documents that must be submitted to the bank:
a. Transfer Certificate of Title (TCT) OR Condominium Certificate of Title (CCT)
b. Tax Declaration on Land and/or Improvement
c. House Plans/Bill of Materials/Building Specifications (for construction loans) OR
d. Contract to Sell (CTS) or Reservation Agreement (RA) (if under Developer’s Tie up)
e. Non-refundable appraisal and title investigation fees
As mentioned, there are also Metrobank Home Loan requirements that are personal documents. The lists vary among the locally-employed and self-employed individuals as well as overseas Filipino workers (OFWs).