Guide on Metrobank Personal Cash Loan Offer Features & Application
METROBANK PERSONAL CASH LOAN – Here are some details about the multi-purpose loan offer of Metrobank and its application process.
You might be living near a branch of Metrobank. It is best to know that it is one of the entities that you can actually possibly turn to in times of financial needs. It has several finance products and services that you may avail.
Aside from the different bank accounts, credit cards, investment products, and insurance policies, the bank also offers several types of loans. One of the loan offers is the Metrobank Personal Cash Loan which is a multi-purpose loan offer.
Under the offer, you may apply for a loan for your cash needs for your business, travel, education, etc. The bank boasts its loan offer with the following features:
- flexible payment terms
- easy application process
- fast personal loan approval
- sizeable loan amount
- minimal requirements
- multi-purpose
Under the loan offer, you may apply for it in-person or online with just a few clicks. The loan is processed in as fast as seven (7) working days. Here are the qualifications set by the bank under the loan offer if you are locally-employed:
- Filipino citizen
- at least 21 years old at the time of loan application
- not more than 65 years old upon loan maturity
- has a gross annual income of at least PHP 350,000
- has an existing credit card
- of regular status with current employer for at least 1 year
If you are self-employed, there is a different set of eligibility requirements for application. Here are the qualifications set by the bank:
- Filipino citizen
- at least 21 years old at the time of loan application
- not more than 65 years old upon loan maturity
- has a gross annual income of at least PHP 350,000
- has an existing credit card
- at least 2 years in the current business
Under the loan offer, you may borrow from Php 20,000 up to Php 2 million. The loan is payable for up to 36 monthly installments. Here are the interest rates set by the bank:
| Tenor | Monthly Add-on Rate | Annual Contractual Rate |
|---|---|---|
| 12 months | 1.75% | 36.742% |
| 18 months | 1.75% | 36.676% |
| 24 months | 1.50% | 31.459% |
| 36 months | 1.25% | 25.976% |
In applying for the loan offer, there are Metrobank cash loan requirements for application. Here are the required documents in applyingf or the loan offer:
- Signed Promissory Note and Disclosure Statement (PNDS)
- valid Philippine government ID
