Guide on Metrobank House Construction Loan Requirements for Application
METROBANK HOUSE CONSTRUCTION LOAN REQUIREMENTS 2025 – Locally-employed individuals may apply for the loan by submitting these documents.
Constructing a house can be really financially-challenging. Usually, what happens in the case of self-finance constructions with insufficient budget, the process got some “pause” times and it could affect the quality of the materials. Meanwhile, nowadays, there are entities that are ready to finance house constructions under a loan.
In the Philippines, there are banks that are ready to finance house construction projects. One of the trusted entities with the said offer is Metrobank — which is also one of the longest-serving banks in the country since the 1960s.
Metrobank actually has several loan offers including home loans that serve different purposes. Aside from the Metrobank Car Loan offer that has helped countless people achieve their dream car, the bank also has the Metrobank House Construction Loan.
The Metrobank House Construction Loan is open for both employed and self-employed individuals but there are varying qualifications and documentary requirements for application. For the locally-employed applicants, qualifying criteria of the bank has something to do with the citizenship, the age, the income, and the employment status.
To qualify for the loan, a locally-employed applicant should meet the following eligibility criteria to be eligible to apply for the offer:
- a Filipino citizen
- at least 21 years old at the time of the loan application
- with a gross monthly income of at least PHP 40,000
- on a permanent status with current employer for the last two (2) years
As mentioned, there is also a unique set of Metrobank House Construction Loan requirements for the locally-employed applicants. You need to prepare and submit the following documents for application:
- duly-accomplished and signed Metrobank Home Loan Application Form
- one 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 latest BIR Form 2316
- Marriage contract, if applicable
There is a wide range identification documents that you can choose from in completing your Metrobank House Construction Loan requirements. Here’s a guide:
- 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
In applying for the Metrobank loan offer, go to a branch of the bank nearest to you and submit your Metrobank House Construction Loan requirements. You might also like to check the Metrobank Cash Loan offer.