Metro Bank in the Philippines

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1. Age

Age from

2. Time to review

From application to receipt of money

3. Other conditions

Product Overview

Product Name:Metrobank Home Loan
Remarks:With Fixed Interest Rates and up to 25 years payment terms.
Minimum Amount of Loan:PHP500,000.00
Maximum Amount of Loan:PHP100,000,000.00
Minimum Loan Tenure:1 years
Maximum Loan Tenure:25 years
Early Repayment:To be computed based on the remaining outstanding balance
Payment Options:No
Debt consolidation:No

Eligibility and Requirements

Age Range of Borrower:21-65 years
Minimum Annual Income:PHP360,000.00
Employment / Work Status:Employed - Private Sector for 2 years Employed - Government for 2 years Self - Employed for 2 years Professional for 2 years Employed - BPO for 2 years Employed - OFW/Seafarer for 2 years
Other Requirements:for collateral you can also use your own home or Condominium with or without parking slot, Vacant Lot, Townhouse or House and Lot.
Need to Open Linked Bank Account:No

Fees and Charges/Penalties

Loan Processing and Dispersal Fees:PHP3,500.00
Early Repayment Penalty:-

Interest Rates Offered

Product Name:Interest RateEffective Interest RateInterest Type
1 year fixed period7.00%-
2 years fixed period7.25%-
3 years fixed period7.50%-
4 years fixed period8.00%-
5 years fixed period8.50%-

Other Requirements

Need to open linked banked account?No

About Metrobank

Metropolitan Bank and Trust Company, or briefly Metrobank is one of the leading banks in the Philippines and the second largest in the country. It provides a wide range of financial services and banking products for its clients all over the Philippine Islands as well as worldwide.


Being founded in 1962 at the initiative of a group of businessmen, Metrobank came a long way to become one of the main banks in the Philippines area. Today it has the reputation of stability, It was established in Binondo, Manila and a year later the first branch appeared in Divisoria and from that times started to expand beyond the Philippine Islands offering its services mainly to Filipino-Chinese community. Then the first international branch appeared in Taipei in the beginning of 1970s and an office in Hong Cong as well. It was even the first private bank to come to the United States of America, opening its branches in big cities such as Los Angeles and New York.  The first office on the American territory was opened in Guam. In 1983 Metrobank topped private domestic bank in total resources with P 8.8 billion. Later it increased its authorized capital stock to P5 billion. Metrobank established Toyota Motor Philippines Corporation together with Mitsui Corporation. One of the most well-known charity organizations – Metrobank Foundation, was established by the bank as well.
By the end of the 20th century, Metrobank became the largest bank in the industry, the first local bank that was able to raise supplementary capital overseas. Currently it’s not only domestic bank, but a huge company with branches all over the world – in Great Britain, China, South Korea, Japan.

It has a number of competitors, such as Banco de Oro, bank of the Philippine Islands. One of them is in charge of loans, assets and deposits, the other one is the oldest Filipino bank. Both of them are among the largest banks in the Philippine Islands. Despite the fact that the competitors are very powerful and strong, the Metrobank easily maintain financial stability and moving forward when it comes to financial progress. Its success is the indicator of how well the country is doing at the moment, though the market is constantly changing. The priority of the bank is their clients who receive all the necessary treatment. It became partners with many companies not only in the Philippines, but around the world as well. The number of its clients rose dramatically and today consists of well-known companies and the bank shows its loyalty through everything. As a part of Philippines Deposit Insurance Corporation it provides its clients with a number of services – deposits, foreign exchange, insurance debit cards, remittance, escrow.

Metrobank has its own app. It was made for the convenience of its clients in order to make banking easy and approachable. One can use a card (both debit and credit) to activate an account without going to the bank building or searching for ATM and have an access to the whole range of services. Giving the benefit of the app, Metrobank makes a step forward computerization.

Ownership of the Metrobank

What concerns the ownership of Metrobank it was divided the following way:

  • The largest part of 37.5% belongs to public stock;
  • 18.2% of the shares belongs to its owner George S.K. Ty;
  • PCD Nominee Corporation has about 17.9%;
  • A smaller part of 7.53% belongs to Federal Home;
  • Mary Vy Ty has 6.43% of the shares;
  • Metrobank directors have about 3,75%.

The smallest part of Metrobank’s shares belongs to its officers – 0.003%

Main branches and ATMs of the Metrobank

Today the number of branches of the Metropolitan Bank and Trust Company is more than nine hundred. One can find them not only in Asia – Seoul, Japan, Taichung, Shanghai and Nanjing, but in Europe as well, it has a branch in London. All in all the bank used to have 760 branches in the Philippines, now a number has risen to 95 and 37 representative offices abroad. It works seven days a week, what means that Metrobank is always meet the requirements of its clients. In 1990 it opened the first talking ATM in the Philippines Islands – Metrobank E. T.

Since that time the number of ATM’s is constantly increasing and today it’s about 2300 of them. Alongside with Banco de Oro, Security Bank, China bank and others it is a part of Bancnet – a network formed by eight banks. Currently it allows access to millions of Chinese cardholders. What is more, you can easily use your Metro Bank Credit card wherever you see MasterCard logo. For more convenient use, there is a branch and ATM’s locator on the official internet page of Metropolitan Bank and Trust Company. Everything you need to do is to enter your search criteria such as province, city, town or municipality and street. The locator will help you to find the nearest ATM or the branch of Metrobank.


  • Address: Metrobank Plaza Bldg Sen. Gil J. Puyat Ave Makati City 1200, Philippines
  • Phone: +63 2 857 5918
  • Email: [email protected]


To apply for a Metrobank Housing Loan, applicants must meet the following criteria:

  • At least 21 years old and should not be older than 65 years old
  • Filipino citizen, with fixed income or self-employed
  • If foreigner, must have a permanent resident visa in the Philippines
  • Employed applicants must have at least two (2) years of tenure with current employer
  • Self-employed applicants must be earning at least P30,000 or have the same Gross Monthly Family Income (GMFI) for fixed income earners

For Overseas Filipino Workers (OFWs):

  • Has active employment, or renewed/signed a contract upon loan application
  • Must be earning at least $1,000 (or P30,000) for self-employed individuals, or have the same Gross Monthly Family Income (GMFI) as fixed income earners.

Land-based must be a technical or administrative staff/officer

  • If employed for less than 2 years: Must have employment record locally in the last 5 years prior to becoming an OFW, or
  • Employed as an OFW with different employers, or
  • Has a combination of local and overseas employment

Sea-based must be in an officer rank

  • Has a combined contract duration of 24 months with current agency, or
  • 48 months total work experience inclusive of previous agencies
  • Signed and completely filled-out Metrobank Home Loan Application Form
  • Government-issued IDs with photo
  • If Foreigner, Passport or ACR


  • Recent Income Tax Return (ITR)
  • Certificate of Employment (COE) indicating salary
  • Latest three (3) months pay slip


  • DTI or SEC Registration and General Information Sheet (whichever applies)
  • Latest six (6) months bank statement with BOO Certification of “No Overdraft” Charges
  • Two (2) years AFS and ITR

Overseas Filipino Worker (OFW):

  • If land-based, Certificate of Employment (COE) with e-mail address of employer
  • If sea-based, latest POEA contract

Collateral Requirements:

  • Transfer Certificate of Title/Condominium Certificate of Title
  • Tax Declaration
  • Contract to Sell or Reservation Agreement (applies only for under developer tie-up)
  • House Plans / Bill of Materials / Specifications (applies only for house construction)
  • Yes, Metrobank provides you the option to buy a property even outside of Metro Manila.
  • Search for the best home loans by simply using eCompareMo’s comparison portal. You will then be provided with free loan processing assistance care of eCompareMo’s dedicated Sales Team.

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