Guide on Metrobank Home Loan Requirements for Application
METROBANK HOUSE CONSTRUCTION LOAN REQUIREMENTS 2025 – Self-employed individuals may apply for the loan by submitting these documents.
Nowadays, more and more people prefer to follow the path of buying a vacant lot and building the dream house over purchasing house and lot units that come with designs similar to the entire neighborhood. Are you one of the people who wants to build your dream house?
Building a house is undeniably a huge financial challenge to take. Meanwhile, having built a house of your dreams can also be one of the biggest accomplishments that can bring you and your loved ones a lot — safety, comfort, and ease to name a few. If you are worried about the finances, there are actually entities that can help you fund your target.
In the Philippines, thre are trusted entities that offer house construction loans. One of them is the Metropolitan Bank & Trust Company or more popularly known as the Metrobank. It is in the service of the Filipino people since the 1960s.
Metrobank has earned the trust and confidence of countless Filipinos for several decades now. It does not only have several bank account and credit card offers but as well as loans, Aside from the Metrobank Car Loan offer, the bank also has the Metrobank House Construction Loan offer.
The Metrobank House Construction Loan offer is open not only for employed individuals but as well as self-employed ones. With regards to the qualifications, if you are a self-employed individual who wish to apply for this loan offer, here are the eligibility criteria that you should meet to qualify for the loan application:
- 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
- with a profitable business operation for at least three (3) years
Metrobank has also set a list of specific requirements for the House Construction Loan application for self-employed loan applicants. You need to secure and submit the following documents for application:
- duly-accomplished and signed Metrobank Home Loan Application Form
- one valid government-issued ID (preferably passport)
- Business Papers:
- If Single Proprietorship, DTI certificate of registration or Business Permit
- If Corporation or Partnership, SEC Registration with Articles of Incorporation and By-Laws (or Articles of Partnership)
- Source of Repayment:
- Latest 2 years Income Tax Return (ITR) and Audited Financial Statements
- Latest 6 months bank statements
- Marriage contract, if applicable
The Metrobank House Construction Loan requirements include the submission of valid identification documents for the proof of identity. 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
In applying for the House Construction Loan offer, go to a branch of the Metrobank nearest to you and submit the requirements to process your loan application. You might also like to check on themulti-purpose Metrobank Cash Loan offer.