Guide on Metrobank Home Loan Requirements for Application
METROBANK HOME LOAN REQUIREMENTS 2025 – For overseas Filipino worker (OFW) applicants, you can check here the documents required for application.
Are you working abroad and you wish to start building your own house but you cannot finance it on your own for now? Maybe you would like to take the first step with Metrobank — the purchasing of the lot where you will build your dream hour.
In the Philippines, there are some banks that have helped countless Filipinos in achieving big goals in life. One of them is the Metrobank or the Metropolitan Bank & Trust Company which is operating in the country for several decades now since 1962. It has a wide range of finance product offers.
Metrobank has several bank accounts, credit cards, and loan offers. Aside from the Metrobank Car Loan offer that is ready to help you achieve your dream car, it also has the Metrobank Home Loan offer that is ready to help you acquire the lot where you intend to build your dream house.
The Metrobank Home Loan offer is open not only for locally-employed individuals and self-employed individuals but as well as OFWs. Before checking on the Metrobank Home Loan requirements for OFWs, here is a guide on the qualifications for application:
- a Filipino citizen
- at least 21 years old at the time of the loan application
- earning at least USD 1,000
- in active employment or renewed when applying for a Home Loan
According to Metrobank, if you are land-based, you must be employed in your current employer for the last two (2) years to qualify for the loan. For the sea-based OFWs, part of the Metrobank Home Loan requirements for eligibility is a completed a combined contract duration of 24 months with current agency.
With regards to the Metrobank Home Loan requirements for application, OFWs who wish to apply for the loan offer should prepare the following for submission to the bank:
- duly-accomplished and signed Metrobank Home 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
- 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 month’s payslips/payroll bank statements
- Marriage contract, if applicable
There is a wide range of IDs that you can choose from on which to include among the Metrobank Home Loan requirements that you will submit. You may choose from the following:
- Philippine Identification Card (PhilID)
- Passport (including those issued by foreign governments)
- Driver’s License
- Professional Regulation Commission ID
- Postal Identity Card
- Voter’s ID
- GSIS e-Card
- Social Security System card or Unified Multi-Purpose ID
- Senior Citizen Card
- Overseas Filipino Worker ID or e-card
- Seaman’s Book
- Alien Certificate of Registration or Immigrant Certificate of Registration (for foreign individuals)
- Government Office and Government Owned and Controlled Corporations ID (e.g. BSP, SEC, Insurance Commission)
- Persons with Disabilities (PWD) ID issued by the National Council on Disability Affairs
- Integrated Bar of the Philippines ID
- Photo-bearing School ID duly signed by the principal or head of school for Filipino students who are not of voting age
- Company ID (if signature bearing) issued by Covered Person registered with or supervised/regulated by BSP, SEC or Insurance Commission
To process your loan application, visit a branch of Metrobank nearest to you and submit your documents. Aside from the car and home loan offers, the bank also has the Metrobank Cash Loan.