Thinking about applying for a Metrobank housing loan in 2026? Before you submit your application, it helps to know exactly what Metrobank requires — from income eligibility and age limits to the full list of documents you'll need to prepare. Getting this right the first time can save you weeks of back-and-forth with the bank.
This guide walks you through the complete Metrobank housing loan requirements for Filipino borrowers, including salaried employees, self-employed applicants, and OFWs. Note that rates and requirements shown here are based on publicly available information and are approximate — always verify current figures directly with Metrobank before applying. And if you're already an existing borrower wondering whether you're getting the best deal, it's worth exploring whether refinancing your Metrobank home loan could lower your monthly payments.
To qualify for a Metrobank housing loan, applicants generally need to meet the following criteria:
- Age: At least 21 years old at the time of application, and not older than 65 years old at loan maturity. Some sources indicate the maximum age at loan end is 70 for certain applicant types — confirm with Metrobank directly.
- Citizenship: Filipino citizens, or foreign nationals married to Filipino citizens (subject to additional requirements).
- Employment status: Salaried employees, self-employed individuals, or OFWs with verifiable income.
- Residency: Must have a permanent address in the Philippines. OFWs applying from abroad may apply through an authorized representative.
- Credit standing: No history of defaults on existing loans or credit facilities.
These are general eligibility guidelines based on publicly available information. Requirements may have changed — always verify with Metrobank before submitting your application.
If you are employed by a company, Metrobank typically requires the following documents:
- Duly accomplished and signed loan application form
- Valid government-issued ID (at least two, e.g., passport, SSS ID, driver's license, PRC ID)
- Certificate of Employment stating position, length of service, and monthly salary
- Latest one month payslip (some branches may require the last three months)
- Income Tax Return (ITR) for the most recent year, with BIR stamp
- If working abroad: employment contract, latest payslips converted to Philippine Peso, proof of remittances
Property-related documents (to be submitted once you have a target property):
- Copy of the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
- Certified true copy of the latest Tax Declaration (for land and improvement)
- Location map or vicinity map of the property
- Contract to Sell or Deed of Absolute Sale (if applicable)
Note: Document requirements are subject to change. Verify the current checklist with your Metrobank branch or account officer.
Self-employed borrowers — including business owners, freelancers, and professionals — typically need to provide a larger set of financial documents to demonstrate income stability:
- Duly accomplished loan application form
- Valid government-issued IDs (at least two)
- Latest two to three years of Income Tax Returns (ITR) with BIR stamp or official receipt
- Audited Financial Statements for the past two to three years (for corporations and partnerships)
- Business registration documents: DTI Certificate (sole proprietors), SEC Registration (corporations), or Mayor's Permit
- Bank statements for the past six to twelve months
- List of trade references or major clients (if applicable)
Same property documents as listed for salaried employees will also be required. Because income for self-employed applicants can be variable, Metrobank may assess average monthly earnings over a longer period. Rates and loanable amounts are approximate and subject to Metrobank's credit evaluation.
Overseas Filipino Workers (OFWs) can apply for a Metrobank housing loan, though the process involves additional steps due to the distance involved. Typical requirements include:
- Valid passport and OFW/seaman's ID or iDOLE card
- Employment contract authenticated by the Philippine Overseas Labor Office (POLO) or notarized abroad
- Certificate of Employment or Crew Contract (for seafarers)
- Latest payslips or proof of remittances for the past three to six months
- Special Power of Attorney (SPA) notarized and authenticated (Apostille), authorizing a representative to process the loan in the Philippines
- Bank statements or remittance records for the past six months
The authorized representative (usually a spouse or family member) will need to present their own valid IDs and proof of relationship. Property documents are the same as for local applicants. OFW requirements can be particularly detailed — contact Metrobank's OFW desk or visit a branch for the most up-to-date checklist.
Metrobank does not prominently publish a single fixed minimum income figure, as the loanable amount is determined by your capacity to pay rather than a standalone income threshold. That said, as a general rule across Philippine banks, your monthly loan amortization should not exceed 30% to 40% of your gross monthly income.
For example, if you are borrowing 3,000,000 over 20 years at an approximate rate of 8% per annum, your estimated monthly amortization would be around 25,000 to 26,000. Under the 30-40% rule, you would need a gross monthly income of approximately 62,500 to 87,000 to qualify comfortably. You can estimate your own figures using our Metrobank housing loan calculator before applying.
For self-employed applicants, Metrobank typically looks at average net income over two to three years. Rates and calculations shown are illustrative — verify actual figures with Metrobank.
Based on publicly available information, Metrobank home loans generally have the following parameters:
- Minimum loan amount: Approximately 500,000
- Maximum loan amount: Up to 80% of the appraised value of the property (loan-to-value ratio), though this may vary by property type and location
- Loan term: Typically up to 20 years for residential properties; some sources indicate up to 25 years may be available
The actual amount Metrobank approves will depend on your income, the bank's appraisal of the property, and your overall creditworthiness. The 80% LTV means you will generally need to provide at least a 20% down payment from your own funds. Note these figures are approximate and subject to change — always confirm with Metrobank.
Metrobank's housing loan interest rates are variable and depend on the fixing period you choose. Based on publicly available information, Metrobank typically offers fixed-rate periods ranging from 1 year to 10 years, after which the rate is repriced. Rates in the Philippine market for standard home loans generally fall between 7% and 10% per annum for most fixing periods, though promotional rates may be offered from time to time.
It's important to understand that the rate you're quoted today may not be the best rate available in the market. Nook's partner banks currently offer refinance rates starting at 5.99% p.a. — significantly lower than what many Filipino homeowners are currently paying. If you already have a Metrobank loan and want to see what better rates might mean for your monthly payments, explore Metrobank home loan refinancing options through Nook.
Rates are subject to change without notice. Always verify current rates directly with Metrobank or through a licensed broker before making a financial decision.
Based on general market information, Metrobank's housing loan approval process typically takes the following timeframes:
- Initial pre-qualification: A few business days once complete documents are submitted
- Property appraisal: 5 to 10 business days
- Formal loan approval (Letter of Guarantee): Approximately 10 to 20 business days from complete document submission
- Loan release: A few additional business days after signing of loan documents and mortgage
In total, the process from application to loan release typically takes four to eight weeks, depending on the completeness of your documents and the complexity of your application. Incomplete submissions are one of the most common reasons for delays. To speed things up, prepare your full checklist before walking into a branch.
Metrobank's housing loan can generally be used for the following purposes and property types:
- Purchase: House and lot, condominium unit, townhouse, or vacant lot
- Construction: Building a new home on land you already own
- Home improvement: Renovation or expansion of an existing residential property
- Refinancing: Taking over an existing home loan from another bank or lending institution
Properties must generally be located in areas where Metrobank operates and be acceptable to the bank's appraisal team. Metrobank typically does not finance properties in flood-prone zones, areas without clear titles, or properties with existing legal encumbrances. Rural or agricultural land may not qualify. Always check with Metrobank whether your specific property is eligible before proceeding with your application.
Applying directly to Metrobank means you're limited to one bank's products, rates, and terms. A mortgage broker like Nook, on the other hand, gives you access to multiple lenders simultaneously — at no cost to you. Nook's service is 100% free to borrowers because the broker fee is paid by the bank, not the borrower.
Here's why using Nook alongside or instead of a direct application can be advantageous:
- Rate comparison: Nook partner banks currently offer verified rates starting at 5.99% p.a., which may be lower than what Metrobank quotes you
- One application, multiple lenders: Instead of filling out forms bank by bank, Nook streamlines the process
- Expert guidance: Nook's mortgage specialists can help you understand which bank's requirements you're most likely to meet given your profile
- No cost: Because the service is free to borrowers, there's no financial reason not to compare
Even if you ultimately decide that Metrobank is the right fit, going through the comparison process ensures you're making an informed choice rather than settling for the first rate you're offered.