Guide on How Much You Can Borrow Under Metrobank Home Loan Based on Collateral
METROBANK HOME LOAN – Here is a guide on how much you can borrow based on the proposed collateral under Metrobank’s Home Loan offer.
Metrobank is one of the banks in the Philippines that have loan offers for the public. It can assist you in making big purchases such as buying a house and lot or a car.
Are you planning to buy a residential property of your own soon? Don’t wait until you’re old saving money. You can achieve your dream house and enjoy its comfort while paying for it in installment. It is through the Home Loan offer of the bank.
Under the Metrobank Home Loan, you may be assisted in purchasing residential properties such a house and lot, a townhouse, a vacant lot, or a condominium unit. Do you want to know how much you can borrow based on the collateral?
Based on the official website of the bank, the loanable amounts may vary depending on the collateral proposed by the applicant. Here is a list of how much you can borrow under the Metrobank Home Loan based on the proposed collateral:
- House and Lot – 80%
- Townhouse – 80%
- Vacant Lot – 60% for loan greater than Php 3,500,000.00
- Condominium Unit – 70%
Metrobank has also provided the loanable amounts under the other purposes such as personal investment, renovation, refinancing of an existing loan, or reimbursement. Here’s a list of the loanable amounts:
- Personal Investment – 60% to 70%
- Renovation – 80%
- Refinancing – 70%
- Reimbursement – 80%
Are you planning to apply for the said loan offer? Here is a guide on the application process and the requirements that you must gather – METROBANK HOME LOAN – How To Apply & The Requirements Needed.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
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