Metrobank Housing Loan Requirements 2026: Documents, Eligibility & Step-by-Step Guide

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 no older than 65 years old at loan maturity
• Citizenship: Filipino citizens, or foreign nationals married to Filipino citizens (with certain restrictions)
• Employment status: Employed (locally or abroad), self-employed, or a business owner
• Credit standing: Good credit history with no outstanding unpaid loans or defaults
• Income sufficiency: Monthly gross income must be sufficient to cover monthly amortization, typically requiring that your loan payment not exceed 30–40% of your gross monthly income

Note that these are general eligibility guidelines based on publicly available information. Metrobank may apply additional criteria or update these requirements at any time. Always confirm directly with Metrobank before proceeding.

Metrobank typically requires the following documents. Requirements may vary depending on your employment status.

All applicants:

• Completed Metrobank housing loan application form
• Two valid government-issued IDs (e.g., passport, SSS/UMID, driver's license, PhilSys ID)
• Proof of billing address (utility bill or bank statement, not more than 3 months old)
• Marriage certificate (if applicable)
• Tax Identification Number (TIN)

For locally employed applicants:

• Certificate of employment with compensation (dated within 3 months)
• Latest 3 months' payslips
• Latest ITR (BIR Form 2316) or BIR Form 2307

For self-employed applicants / business owners:

• Business registration documents (DTI, SEC, Mayor's Permit)
• Latest 2 years' audited financial statements
• Latest 6 months' bank statements
• Latest ITR with BIR stamp

For OFWs:

• Employment contract or POEA-certified contract
• Latest 3 months' proof of remittances
• Crew list entry or OEC (for seafarers)
• Special Power of Attorney (SPA) for a local representative

Property documents (collateral):

• Copy of Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
• Lot plan / vicinity map
• Tax declaration and latest real property tax receipt
• Contract to sell or reservation agreement (for new property purchases)
• Floor plan and specifications (if for construction or renovation)

This checklist is based on publicly available information and may not be exhaustive. Metrobank may request additional documents depending on your profile. Confirm the complete list with your Metrobank branch or relationship manager.

Based on publicly available information, Metrobank generally offers housing loans with 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 based on property type and location
• Loan term: Up to 25 years for residential properties

For example, if you are purchasing a property appraised at 5,000,000, you may be eligible to borrow up to 4,000,000 and would need to provide a minimum down payment of 1,000,000 (20%).

Your actual approved loan amount will depend on your income, the appraised value of the property, and Metrobank's internal credit assessment. These figures are approximate and subject to change — verify the current terms directly with Metrobank.

Metrobank does not publicly advertise a strict minimum income figure, but as a general rule in Philippine home lending, your monthly gross income should be at least 3 to 4 times your estimated monthly amortization. Lenders typically cap loan repayments at 30–40% of your gross monthly income.

Here's an example to illustrate:

• Loan amount: 3,000,000
• Loan term: 20 years
• Estimated monthly amortization at approximately 8% p.a.: roughly 25,093 per month
• Implied minimum gross monthly income needed: approximately 62,700 to 83,600

If your income falls short, you may co-borrow with a spouse or immediate family member to increase your combined qualifying income. Always confirm Metrobank's current income requirements directly, as these can vary by loan product and branch.

Metrobank offers fixed-rate repricing periods for their housing loans, meaning your interest rate is fixed for a set period before it reprices to the prevailing rate. Based on publicly available information, typical indicative rates have ranged approximately as follows:

• 1-year fixed: approximately 7.00% – 8.00% p.a.
• 2-year fixed: approximately 7.25% – 8.25% p.a.
• 5-year fixed: approximately 7.50% – 8.75% p.a.
• 10-year fixed: approximately 8.00% – 9.50% p.a.

Important: These are approximate ranges based on historical publicly available data. Metrobank's actual rates depend on market conditions, your credit profile, and current promotions. Rates are subject to change without notice. Always request an official rate quote from Metrobank directly.

If you already have a Metrobank home loan and are paying rates in this range, it may be worth exploring refinancing. Through Nook's partner banks, rates start as low as 5.99% p.a. — which could mean significant monthly savings. Learn more about Metrobank housing loan interest rates and how they compare.

Here is a general step-by-step guide to applying for a Metrobank housing loan:

1. Check your eligibility: Review the age, income, and employment requirements outlined above to confirm you qualify before investing time in paperwork.
2. Prepare your documents: Gather all required documents based on your employment status (see the document checklist above). Incomplete submissions are one of the most common causes of delays.
3. Visit a Metrobank branch or apply online: You can initiate an application at any Metrobank branch, or check the Metrobank website for online application options. A relationship manager or mortgage officer will be assigned to guide you.
4. Submit your application: Hand over your completed application form and supporting documents. The bank may ask for additional documents during processing.
5. Property appraisal: Metrobank will arrange an appraisal of the property being financed. This determines the maximum loan amount they will approve.
6. Credit evaluation: The bank conducts a credit check and income verification. This can take one to four weeks depending on your profile and completeness of documents.
7. Loan offer / approval: If approved, Metrobank will issue a Letter of Guarantee or loan offer outlining the approved amount, rate, and terms. Review these carefully before signing.
8. Loan closing and release: Sign the loan agreement and mortgage documents. The bank will register the mortgage on the property title, then release the loan proceeds.

Processing timelines can vary. Keep in close contact with your assigned officer and respond promptly to any requests for additional information to avoid delays.

Based on general experience with Philippine banks, Metrobank's housing loan approval process typically takes:

• Initial processing and credit evaluation: 5–15 business days from complete document submission
• Property appraisal: 3–7 business days (can vary by location)
• Loan release after signing: 3–10 business days

In total, you should expect the end-to-end process to take approximately 3 to 8 weeks for a straightforward application. Complex cases, incomplete documents, or properties in remote areas may take longer.

Tips to speed up the process:

• Submit a complete and accurate document package from the start
• Respond immediately to any requests for additional information
• Ensure the property title is clean and free of encumbrances
• Have your seller or developer ready to coordinate on property documents

These timelines are approximate and may vary. Confirm expected turnaround times with Metrobank when you submit your application.

Yes, Overseas Filipino Workers (OFWs) are generally eligible to apply for a Metrobank housing loan. Metrobank recognizes OFW income for loan qualification purposes, which is common practice among Philippine banks.

Key considerations for OFW applicants:

• Income documentation: You will need to provide proof of employment abroad (POEA-certified contract or employment contract) and recent remittance records (typically 3–6 months)
• Special Power of Attorney (SPA): Since you may not be in the Philippines to sign documents in person, you will need to execute an SPA in favor of a trusted local representative (spouse, parent, sibling). The SPA must be notarized — and if executed abroad, consularized or apostilled
• Local co-borrower: Some banks require or recommend a local co-borrower for OFW applications. Check with Metrobank if this applies
• Remittance history: Banks typically require that your income is remitted through formal banking channels, not informal remittance

OFW applicants should factor in additional lead time for document preparation, especially if documents need to be authenticated abroad. Contact Metrobank's OFW banking unit or your nearest branch for the most current requirements.

Metrobank's housing loan can generally be used to finance the following property types:

• Purchase of a residential lot (typically financed at a lower LTV ratio, e.g., up to 60–70% of appraised value)
• Purchase of a house and lot (in a subdivision or standalone)
• Purchase of a condominium unit (in an approved project)
• Construction of a residential home on a lot you already own
• Home renovation or improvement using your existing property as collateral
• Refinancing of an existing home loan from another bank

Properties must generally meet the following conditions:

• Located in the Philippines
• Have a clean, transferable title (TCT or CCT)
• Pass Metrobank's property appraisal
• Not be subject to any legal disputes or encumbrances

Metrobank may have specific approved project lists for condominiums. Confirm with your branch whether the property you have in mind is eligible for financing before proceeding with your application.

If you took out your Metrobank home loan more than a few years ago — or if your fixed-rate period has recently repriced — there's a good chance you're paying a higher rate than what's currently available in the market. Many Filipino homeowners are paying between 7% and 10% p.a., while refinancing through Nook's partner banks can unlock rates as low as 5.99% p.a.

Here's what a rate reduction could mean in practice:

• Existing loan balance: 3,000,000
• Remaining term: 15 years
• Current rate (8.00% p.a.): approximately 28,671 per month
• Refinanced rate (5.99% p.a.): approximately 25,326 per month
• Monthly savings: approximately 3,345
• Total savings over 15 years: approximately 602,100

Nook is the Philippines' first digital mortgage broker, and the service is 100% free to borrowers. Nook compares verified rates across multiple partner banks, handles the paperwork, and helps you find the best deal — without you having to do the legwork yourself.

Learn more about refinancing your Metrobank home loan through Nook, or pre-qualify for free at nook.com.ph. There's no obligation, and it only takes a few minutes.

Note: All rates shown are for illustration purposes. Refinance rates are subject to credit approval and may vary based on loan amount, term, and borrower profile. Savings calculations are approximate.