Metrobank Personal Loans Options Review

In this article, we will explore the various personal loan options offered by Metrobank, a leading financial institution in the Philippines.  Metrobank offers a range of personal loans that cater to different needs and requirements. We will discuss the features, benefits, and eligibility criteria of each loan to help you choose the best one for your needs.

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The Metrobank Cash Loan is a multi-purpose loan that can be used for a variety of purposes, including home renovation, travel expenses, education fees, medical bills, and debt consolidation. The loan amount ranges from PHP 25,000 to PHP 1,000,000, and the repayment term is from 12 to 36 months.

To be eligible for the loan, you need to be a Filipino citizen aged between 21 to 70 years old, have a minimum monthly income of PHP 15,000, and have a stable employment record for at least one year. The interest rate starts at 1.49% per month.

The Metrobank Home Loan is designed to help you purchase a new house, condominium, or townhouse. The loan amount ranges from PHP 1,000,000 to PHP 50,000,000, and the repayment term is from 5 to 20 years.

To be eligible for the loan, you need to be a Filipino citizen aged between 21 to 65 years old, have a minimum monthly income of PHP 50,000, and have a stable employment record for at least one year. The interest rate starts at 5.50% per annum.

The Metrobank Car Loan is a secured loan that can be used to purchase a brand-new or second-hand vehicle. The loan amount ranges from PHP 250,000 to PHP 2,000,000, and the repayment term is from 12 to 60 months.

To be eligible for the loan, you need to be a Filipino citizen aged between 21 to 65 years old, have a minimum monthly income of PHP 30,000, and have a stable employment record for at least one year. The interest rate starts at 6.25% per annum.

The Metrobank Salary Loan is a short-term loan that can be used to cover unexpected expenses or emergencies. The loan amount ranges from PHP 5,000 to PHP 30,000, and the repayment term is from 3 to 12 months.

To be eligible for the loan, you need to be a Filipino citizen aged between 21 to 55 years old, have a minimum monthly income of PHP 15,000, and have a stable employment record for at least one year. The interest rate starts at 1.49% per month.

The requirements for each type of loan may vary, but here are some of the common requirements:

1. Proof of income (salary or business income)
2. Proof of identity (government-issued ID)
3. Proof of address (utility bills or other documents)
4. Collateral (for secured loans)
5. Other documents as requested by the bank

Application Process:

To apply for a Metrobank loan, you can visit any Metrobank branch near you or apply online through their website. Here are the steps to apply:

• Prepare the necessary requirements.
• Choose the type of loan you need.
• Fill out the application form.
• Submit the application form and requirements to the bank.
• Wait for the bank’s approval.

In conclusion, Metrobank offers a range of personal loan options that cater to different needs and requirements. Whether you need a loan for home renovation, travel expenses, education fees, medical bills, debt consolidation, or vehicle purchases, Metrobank has a loan that can meet your needs. The eligibility criteria, loan amount, and repayment term vary for each loan, so it is important to carefully consider your options before applying. We hope that this article has helped you understand the personal loan options offered by Metrobank and has enabled you to make an informed decision.