Guide on Metrobank Car Loan Requirements 2024 for Application
METROBANK CAR LOAN REQUIREMENTS 2024 – Here are the documents required in applying for the Metrobank offer.
In the Philippines, one of the trusted banking entities is Metrobank. A giant in the field, it has several offers including loans that attend to the different needs of countless Filipinos across the nation.
Aside from the Metrobank Home Loan and the Metrobank Cash Loan offers, the bank also has the Car Loan offer that is ready to finance the acquisition of brand new vehicle as well as the reimbursement of a brand new vehicle purchase. It is open for locally-employed individuals, self-employed individuals, and overseas Filipino workers.
The Metrobank Car Loan requirements depend if you are locally-employed, self-employed, or an OFW. It is important to gather all the documents required by the bank for submission.
Locally-Employed Individuals. Here are the documents that the bank requires for submission in applying for the loan offer:
- duly-accomplished and signed Metrobank Car Loan Application Form
- one (1) valid government-issued ID (preferably passport)
- source of repayment (any one of the following):
- Original Certificate of Employment with compensation (COEC), position or job title, and date employed or tenure
- Latest 3 months’ electronic payslips
- Latest ITR or BIR Form 2316
Self-Employed Individuals. There is a separate list of requirements for the self-employed individuals. Here are the documents required by the bank:
- duly-accomplished and signed Metrobank Car Loan Application Form
- one (1) valid government-issued ID (preferably passport)
- Business Papers:
- DTI Certificate of Registration or Business Permit for single proprietorships
- SEC Registration with Articles of Incorporation and By-Laws for partnerships
- source of repayment (any one of the following):
- Latest 2 years Income Tax Return (ITR) and 2 years Audited Financial Statements (AFS)
- Latest 6 months’ bank statements
OFWs. The offer is also open for overseas Filipino workers. Here are the Metrobank Car Loan requirements for OFWs:
- duly-accomplished and signed Metrobank Car Loan Application Form
- valid Philippine passport
- Source of Repayment:
- For land-based OFW, Original Certificate of Employment with Compensation (COEC), position or job title, tenure, employer’s email OR
- For sea-based OFW, Latest POEA contract and Certificate of Sea Service with work history and tenure
- Proof of monthly remittance for the last 6 months in the name of the OFW or his immediate family members OR 3 months’ payslips/payroll bank statements