Guide on Metrobank Home Loan 2025 Features & Application
METROBANK HOME LOAN 2025 – Here is a guide on the offer that can help you secure the lot where you can build your dream house.
Are you excited to build your dream house? Maybe now is the perfect time for you to secure the lot where you can turn your dreams into a reality. The choice of lot is important, thus, if you already found it, it is best to get the best chance of having it. If you are in need of cash assistance for the acquisition, there are trusted entities that you can turn to.
Banks are among the most popular loan-providers in the Philippines for the purpose of a lot acquisition. If you want a trusted one, one of the reputable entities that you may turn to is Metrobank. Its Home Loan offer can finance several purposes including the purchase of a vacant lot.
Before checking on the Metrobank Home Loan offer, it is best to have a quick review of the history of the bank. The Metropolitan Bank & Trust Company or more popularly known as Metrobank started operating in the Philippines in 1962.
Through the years, Metrobank grew its offers which include both personal and business finance product services. It has widely grew its bank account, credit card, and loan offers. How much is the loanable amount under the Metrobank Home Loan? You can check that below.
The loanable amount under the Metrobank Home Loan depends on the purpose of the loan application. In the case of the acquisition of a vacant lot, you may borrow up to an equivalent of 60% of the appraised value of the property.
| Purpose | Maximum Loanable Value (vs. collateral appraisal value) |
|---|---|
| Purchase of House and Lot | 80% |
| Purchase of Townhouse | 80% |
| Purchase of Condominium | 70% |
| Purchase of Vacant Lot | 60% |
| Purchase of Lot and House Construction | 80% |
| House Construction on Owned Lot | 80% |
| Reimbursement* | 80% |
| Renovation/Expansion | 80% |
| Refinancing/Loan Take-out* | 70% |
| Personal Consumption | 60% |
| Personal Investment – Residential Asset Acquisition* | 80% |
For example, if the appraised value of the lot that you wish to purchase is at P1 million, you may borrow up to P600,000. You may repay the loan for up to 10 years.
Aside from checking on the loanable amount, it is also best to check on the interest rate before applying for any loan offer. Do you want to check on the Metrobank Home Loan interest rates as well as the fees under the offer.
Meanwhile, if you wish to proceed to the application process, it is best to prepare the documents needed in applying for the offer. There are both personal documentary requirements as well as collateral requirements. Here are the collateral documents required by the bank:
- Transfer Certificate of Title (TCT) OR Condominium Certificate of Title (CCT)
- Tax Declaration on Land and/or Improvement
- House Plans/Bill of Materials/Building Specifications (for construction loans) OR
- Contract to Sell (CTS) or Reservation Agreement (RA) (if under Developer’s Tie up)
- Non-refundable appraisal and title investigation fees
With regards to the personal documents that the bank requires from the borrower, it depends if you are locally-employed, self-employed, or an overseas Filipino worker. Here is a guide: