Metrobank Housing Loan Requirements 2026: Eligibility, Documents & Application Checklist

To qualify for a Metrobank housing loan, applicants generally need to meet the following eligibility criteria:

• Age: At least 21 years old at the time of application, and no older than 65 years old at loan maturity (i.e., when the loan is fully paid).
• Citizenship: Filipino citizens are eligible. Foreign nationals married to Filipino citizens may also apply subject to additional requirements.
• Employment status: Locally employed applicants must have been with their current employer for at least two years. Self-employed applicants must have a business that has been operating profitably for at least two years.
• Overseas Filipino Workers (OFWs): OFWs are eligible and typically need to present proof of overseas employment and income, along with a Special Power of Attorney (SPA) authorizing a local representative to process the application.
• Minimum income: Metrobank does not publish a fixed minimum income threshold publicly, but your income must be sufficient to support the monthly amortization — typically, your monthly loan payment should not exceed 30–40% of your gross monthly income.

Note: Eligibility criteria are based on publicly available information and may be updated by Metrobank at any time. Always verify current requirements directly with the bank.

Metrobank typically requires the following documents, grouped by applicant type:

All applicants:

• Accomplished Metrobank Home Loan Application Form
• One valid government-issued ID (passport, driver's license, SSS/GSIS ID, PRC ID, Voter's ID)
• Marriage certificate (if applicable) or birth certificate
• Latest income tax return (ITR) — BIR Form 2316 or 1701

For employed applicants:

• Certificate of Employment (COE) with compensation details, dated within the last 3 months
• Latest 3 months' payslips
• BIR Form 2316 (most recent)

For self-employed applicants:

• DTI or SEC registration of the business
• Audited Financial Statements for the last 2 years
• Business permit / Mayor's permit (current year)
• BIR Form 1701 (most recent)
• Bank statements for the last 6 months

For OFWs:

• Employment contract or POEA-verified documents
• Proof of remittance (last 3–6 months)
• Special Power of Attorney (SPA) — notarized and authenticated if executed abroad
• Passport (with valid visa/work permit)

Property documents (to be submitted once a property is identified):

• Certified True Copy of the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
• Tax Declaration of the property
• Lot plan / vicinity map
• Contract to Sell or Deed of Absolute Sale (if applicable)

This checklist is based on publicly available Metrobank guidelines and is subject to change. Additional documents may be required based on your specific situation.

Metrobank's housing loan program generally has the following parameters:

• Minimum loan amount: Approximately 500,000
• Maximum loan amount: Up to 80% of the appraised value or selling price of the property, whichever is lower. For some property types and locations, this may be adjusted.
• Practical range: Most borrowers finance between 1,500,000 and 10,000,000 depending on property price and income capacity.

Your actual loanable amount will depend on:

• Your gross monthly income (and your co-borrower's income, if applicable)
• The appraised value of the property as assessed by Metrobank's accredited appraisers
• Your existing financial obligations and credit history

As a general rule, your monthly amortization should not exceed 30–40% of your combined gross monthly income. If you want to estimate your monthly payments before applying, you can use the Metrobank housing loan calculator to get an accurate estimate based on your loan amount and term.

Metrobank offers fixed interest rate options for the initial repricing period, after which the rate is repriced based on prevailing market rates. Based on publicly available information, approximate indicative rates are as follows:

• 1-year fixed: Approximately 7.00% – 8.00% p.a.
• 2-year fixed: Approximately 7.25% – 8.25% p.a.
• 3-year fixed: Approximately 7.50% – 8.50% p.a.
• 5-year fixed: Approximately 7.75% – 9.00% p.a.

Important disclaimer: These are approximate ranges based on publicly available information and general market knowledge. Metrobank's actual rates are not publicly confirmed in real time and are subject to change without notice. Always contact Metrobank directly or visit a branch to get the most current and applicable rates for your loan profile.

If your current home loan (with Metrobank or any other bank) carries a rate of 7% or higher, it may be worth comparing your options. Through Nook, you may be able to access rates as low as 5.99% p.a. via our partner banks — at zero cost to you.

Metrobank housing loans are generally available with repayment terms of up to 25 years, subject to the borrower's age at loan maturity (typically not exceeding 65 years old). Common term options include:

• 5 years
• 10 years
• 15 years
• 20 years
• 25 years (maximum)

Choosing a longer loan term lowers your monthly amortization but increases the total interest you pay over the life of the loan. Conversely, a shorter term means higher monthly payments but significantly less total interest. It's important to strike a balance that matches your cash flow and financial goals.

For example, on a loan of 3,000,000 at 8.00% p.a.:

• Over 15 years: approximately 28,641 per month
• Over 20 years: approximately 25,093 per month
• Over 25 years: approximately 23,155 per month

The difference between a 15-year and 25-year term may seem attractive monthly, but over the full term you could pay hundreds of thousands more in interest on the longer loan.

Metrobank's housing loan program covers a wide range of property types, including:

• House and lot — purchase of a residential property with land title
• Condominium unit — purchase of a condo with a Condominium Certificate of Title (CCT)
• Vacant lot — purchase of land for future residential construction
• House construction — financing to build a home on land you already own
• Home renovation or improvement — funding for major renovations to an existing property
• Refinancing — taking over an existing home loan from another bank or financing company

Properties must generally be located in areas where Metrobank operates and must pass the bank's internal appraisal standards. Properties with unresolved title issues, incomplete documentation, or those located in flood-prone or high-risk zones may be declined or require additional requirements.

The typical Metrobank housing loan application process involves the following steps:

1. Pre-qualify yourself: Review the eligibility criteria and estimate your loanable amount based on your income. Use a loan calculator to gauge your monthly amortization.
2. Prepare your documents: Gather all required income documents, IDs, and property documents (see the document checklist in Q2 above).
3. Submit your application: Visit any Metrobank branch or submit your application online through Metrobank's official website. Some applications can be started digitally and completed in-branch.
4. Property appraisal: Metrobank will arrange for an accredited appraiser to assess the market value of the property you intend to purchase or use as collateral.
5. Credit evaluation: The bank reviews your creditworthiness, income documents, and the property appraisal to determine your eligibility and the approved loan amount.
6. Loan offer and approval: If approved, Metrobank issues a Letter of Guarantee or Loan Offer detailing the approved amount, interest rate, and terms.
7. Loan signing and release: You sign the loan agreement and other documentation, after which the loan is released — either directly to the developer/seller or to your account, depending on the transaction type.

It's a good idea to approach the process prepared and organized. Incomplete submissions are a common reason for delays.

Processing times can vary depending on the completeness of your documents, the complexity of your application, and the current volume of applications at the branch or processing center. Based on general market experience with Philippine banks:

• Initial credit evaluation: 5–10 banking days from submission of complete documents
• Property appraisal: An additional 5–10 banking days, depending on the property's location and accessibility
• Full approval and loan offer: Typically 15–30 banking days from initial submission of a complete application
• Loan release: Several additional days after signing of documents and fulfillment of conditions

In practice, the total timeline from application to loan release can range from 30 to 60 days or longer, particularly if there are title issues, missing documents, or high application volumes.

Tip: Submitting a complete set of documents on your first visit significantly reduces processing time. Ask the bank for a comprehensive checklist before your appointment.

Beyond the monthly amortization, there are several upfront and ongoing fees associated with a Metrobank housing loan. These typically include:

• Appraisal fee: Paid to Metrobank's accredited appraiser to assess the property value. Typically ranges from 3,500 to 5,500 or more depending on property size and location.
• Processing fee: A non-refundable fee charged upon application, usually around 5,000 to 10,000.
• Mortgage registration fee: Charged by the Registry of Deeds for annotating the mortgage on the title.
• Notarial fee: For notarization of loan documents and real estate mortgage.
• Fire insurance: Required annually for the duration of the loan, covering the insured value of the structure.
• Mortgage redemption insurance (MRI): A decreasing term life insurance that settles the outstanding loan balance in the event of the borrower's death.
• Documentary stamp tax (DST): A government tax based on the loan amount.

These charges vary and some may be rolled into the loan or paid upfront. Always ask for a full breakdown of all fees before signing any documents to avoid surprises at closing.

If you already have an existing home loan — whether with Metrobank or another bank — and you're currently paying a rate of 7% or above, refinancing could be a smarter financial move than simply staying with your current lender.

Refinancing allows you to transfer your outstanding loan balance to a new lender offering a lower interest rate. For example, if you have an outstanding balance of 3,500,000 and are currently paying 8.50% p.a., refinancing to 5.99% p.a. through a Nook partner bank could save you approximately 5,250 per month — or over 63,000 per year — in interest charges (based on a 20-year remaining term).

Through Nook, refinancing is completely free to you as the borrower. Nook is the Philippines' first digital mortgage broker, and we help you compare verified rates from multiple partner banks so you can choose the best deal without doing the legwork yourself. You can learn more about how Metrobank home loan refinancing works and whether it makes sense for your situation.

Whether you're applying fresh or considering a refinance, the key is to compare your options carefully before committing. Interest rates, fees, and service quality can vary significantly across lenders — and a difference of even 1–2% in your rate compounds into hundreds of thousands of pesos over a 20-year loan term.

Note: All interest rates mentioned are subject to change. Verify current rates with your bank or broker before making any financial decisions.