Guide on Metrobank House Construction Loan Requirements for Application
METROBANK HOUSE CONSTRUCTION LOAN REQUIREMENTS 2025 – Overseas Filipino Worker (OFW) individuals may apply for the loan by submitting these documents.
Having a house of your own may bring a different kind of comfort not only for you and your family. Undeniably, having one’s own roof is one of the main reasons why many Filipinos tend to work abroad. It is another prize and motivation to get through the hard season of longing aside from providing for the daily needs of your family.
Undeniably, a house construction usually requires a huge amount of money. Most people prefer to get the full picture done instead of doing it area-by-area to avoid change of plans. If you are an OFW who is worried that you may fall short with financing your house construction, one of the entities that you may turn to is the Metrobank.
The Metropolitan Bank & Trust Company or more popularly known as the Metrobank has several loan offers. Aside from the Metrobank Car Loan offer, it also has the Metrobank House Construction Loan that is read to help you build the house of your dreams.
The Metrobank House Construction Loan is open not only for locally-employed individuals and those who are self-employed but as well as those Filipinos who are working abroad. Here are the qualifications set by the bank for the OFW loan applicants:
- 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
Metrobank requires the OFW applicant to have an employment with the current employer for the last two (2) years to be eligible to apply for the loan if you are a land-based OFW. If you are sea-based, you need to have completed a combined contract duration of 24 months with your current agency to qualify for the offer.
What are the Metrobank House Construction Loan requirements for application? Here are the documents required in applying for the loan offer:
- 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
You need to present an ID in applying for the Metrobank House Construction Loan offer. Here are the IDs that you may choose from:
- 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.