Guide on Metrobank Cash Loan Fees / Charges
METROBANK CASH LOAN FEES – Here is a list of the charges under the personal cash loan offer of Metrobank Philippines.
There are several banks in the Philippines with a lot of offers thus the Filipinos and as well as the foreigners with the necessary documents have a lot of options in times of financial emergency. Most banks got multiple loan offers.
When it comes to loans, there are different types – the loans that serve specific purposes and those that are multi-purpose. The loans that serve specific purposes include housing loans, car loans, and business loans. Most of them are only open to finance the acquisition of a house or car or the expansion of a business.
The multi-purpose loan offers are cash loans. One of the banks in the Philippines with the said offer is Metrobank.
Metrobank, the 2nd largest bank in the country, is the parent company of several big firms and institutions including the banking company PSBank. It is also a retail banking arm of GT Capital Holdings Inc.
With regards to its multi-purpose loan offer, the bank has a personal loan offer that has a huge loanable amount. You may apply for it to pay for your insurance policy, make a huge purchase, travel abroad, finance a wedding, etc.
Who are qualified to apply for this loan offer? To check for the qualification(s) set under this loan, you may visit – Metrobank Personal Cash Loan: Who Are Qualified to Apply For It.
You may also check the loanable amount before applying for it. Feel free to visit – Metrobank Personal Loan: How Much You Can Borrow Under It.
There are Metrobank Cash Loan fees that you must be aware of prior to applying for a loan. It is important to know how much will be deducted from your loan proceeds and the amount that will be charged if you missed a payment.
Metrobank Cash Loan Fees
- Disbursement Fee – Php 1,000.00
- Documentary Tax Stamp (for loan amounts that are higher than Php 250,000.00)
- Late Payment Fee – Php 850.00 per instance of late payment or non-payment of the loan due
- Pre-termination Fee of 5% of Outstanding Balance or Php 550, whichever is higher
To apply for the loan, you may visit the branch of Metrobank nearest to you or you may also call the customer hotline