Metrobank Housing Loan Requirements 2026: Complete Checklist for Salaried & Self-Employed

Metrobank's housing loan is open to Filipino citizens and qualified foreign nationals (with Filipino spouses). To be eligible, you generally need to meet the following criteria:

• Age: At least 21 years old at the time of application, and no more than 65 years old upon loan maturity
• Citizenship: Filipino citizen, or a foreign national married to a Filipino
• Employment or income status: Regularly employed (local or abroad), self-employed, or a business owner with at least 2 years of stable income history
• Minimum income: Metrobank typically requires a minimum gross monthly income of around 30,000 pesos for locally employed borrowers, though this may vary based on the loan amount and property location
• Good credit standing: No history of unpaid or defaulted loans

Note that eligibility criteria are subject to change. Always verify the latest requirements directly with Metrobank or with a licensed mortgage broker before applying.

If you are a locally employed salaried borrower, you will typically need to prepare the following documents for your Metrobank housing loan application:

• Completed application form (Metrobank's standard housing loan application)
• Valid government-issued IDs (at least 2, e.g., passport, driver's license, SSS ID, Unified Multi-Purpose ID)
• Certificate of Employment (COE) — indicating your position, tenure, and monthly salary, issued within the last 3 months
• Latest payslips — typically the most recent 1 to 3 months
• Income Tax Return (ITR) — BIR Form 2316 for the most recent year, or BIR Form 1700
• Bank statements — last 3 to 6 months
• Marriage certificate (if applicable) — PSA-authenticated copy
• Birth certificate — PSA-authenticated copy

These are the standard requirements based on publicly available information. Metrobank may request additional documents depending on your specific situation or the property being financed. Always confirm the latest checklist with a Metrobank branch or loan officer.

Self-employed applicants and business owners face a higher documentation burden because lenders need to verify stable income without the simplicity of a payslip. For Metrobank, self-employed borrowers generally need to prepare:

• Completed application form
• Valid government-issued IDs (at least 2)
• DTI Business Registration or SEC Certificate of Registration (for corporations or partnerships)
• Business Permit / Mayor's Permit — current year
• Income Tax Returns (ITR) — BIR Form 1701 for the last 2 years, stamped and received by BIR
• Audited Financial Statements (AFS) — last 2 years, audited by a CPA
• Bank statements — last 6 months (business and/or personal accounts)
• List of trade references or major clients (may be requested)
• Marriage certificate and birth certificate — PSA-authenticated copies, if applicable

The key requirement for self-employed applicants is demonstrating at least 2 years of consistent business operation and profitability. Rates shown are approximate and based on publicly available information; always verify current requirements with Metrobank directly.

Overseas Filipino Workers (OFWs) can apply for a Metrobank housing loan, often through a local attorney-in-fact (AIF) — typically a spouse or close relative — who acts on their behalf. The required documents for OFW applicants generally include:

• Completed application form
• Valid passport (with current visa or work permit stamps)
• Overseas Employment Certificate (OEC) or employment contract
• Crew contract or POEA-verified contract (for seafarers)
• Proof of remittance — last 3 to 6 months of remittance records or bank statements
• Latest payslips or employer certification (if available)
• Special Power of Attorney (SPA) — notarized and authenticated (for applications processed by an AIF)
• Valid IDs of the attorney-in-fact
• Marriage certificate — PSA-authenticated (if the AIF is the borrower's spouse)

OFW borrowers should note that the SPA must typically be authenticated by the Philippine Embassy or Consulate in the country where the OFW is based. Requirements are approximate and subject to change — verify with Metrobank before proceeding.

Beyond personal and income documents, Metrobank will also require a set of property-related documents to assess the collateral for your loan. These typically include:

• Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT) — certified true copy from the Registry of Deeds
• Lot plan with vicinity map — certified by a licensed geodetic engineer
• Tax Declaration — for land and improvements, current year
• Real Property Tax receipts (Amilyar) — current and updated
• Contract to Sell or Deed of Absolute Sale — if the property is being purchased
• Floor plan and building specifications — for construction or renovation loans
• Bill of materials and construction cost estimate — for construction loans

If you are buying from a developer, the developer may assist in preparing some of these documents. For secondary market purchases, the seller is usually responsible for producing the title and tax documents. Metrobank will conduct its own property appraisal as part of the evaluation process.

Based on publicly available information, Metrobank typically lends up to 80% of the appraised value of the property (Loan-to-Value ratio of 80%) for residential properties. This means if your property is appraised at 5,000,000 pesos, you may be able to borrow up to 4,000,000 pesos.

The actual loan amount you qualify for will depend on:

• Your gross monthly income (lenders generally allow mortgage payments of no more than 30-40% of monthly income)
• The appraised value of the property (Metrobank conducts its own independent appraisal)
• Your existing financial obligations and credit history
• The loan term selected (typically up to 20 or 25 years for housing loans)

Minimum loan amounts typically start around 500,000 pesos. These figures are approximate — Metrobank's specific lending parameters may vary and are subject to change. Contact a Metrobank branch for a personalized assessment.

Yes, Metrobank — like all Philippine banks — will conduct a credit investigation as part of your housing loan application. This includes checking your credit history through the Credit Information Corporation (CIC) and reviewing your existing loan obligations with other financial institutions.

While Metrobank does not publicly disclose a specific minimum credit score, lenders in the Philippines generally look for:

• No existing loan defaults or non-performing accounts
• No history of bounced checks or court judgments related to debt
• A manageable level of existing debt relative to your income
• Consistent repayment history on any prior or current loans

If you have a history of missed payments or unsettled obligations, it is advisable to resolve these before applying. A clean credit history significantly improves your chances of approval and may help you qualify for better interest rates.

Based on publicly available information, Metrobank's housing loan processing and approval typically takes around 5 to 10 banking days from submission of a complete set of documents. However, the total timeline from application to loan release can be longer — often 4 to 8 weeks — when factoring in:

• Property appraisal (usually scheduled after the initial credit evaluation)
• Legal due diligence and title verification
• Preparation and signing of loan documents
• Registration of the real estate mortgage with the Registry of Deeds

Delays most commonly occur when documents are incomplete, when the property title has issues, or when additional information is requested by the bank's credit team. Submitting a complete and accurate set of documents from the start is the most effective way to avoid delays.

If speed and convenience are priorities, working with a mortgage broker like Nook allows you to submit once and get evaluated by multiple lenders simultaneously, potentially shortening your overall timeline.

Metrobank's housing loan interest rates are not published as Nook partner rates, so we are unable to quote verified current promotional figures here. Based on publicly available information, Philippine bank housing loan rates for fixed periods typically range from approximately 7% to 10% per annum depending on the fixing period, loan amount, and borrower profile — though these rates are subject to change at any time.

For a detailed breakdown of Metrobank's fixed rate periods, repricing terms, and how their rates compare, see our dedicated guide on Metrobank housing loan interest rates for 2026.

If you are an existing Metrobank borrower and your current rate is above 6.5%, it may be worth exploring whether refinancing could lower your monthly payments. Through Nook's partner banks, rates start at 5.99% p.a. — and Nook's service is completely free to borrowers.

Important: All interest rates are subject to change. Always verify current rates directly with Metrobank or through a licensed mortgage broker before making any financial decisions.

Applying directly with Metrobank is a perfectly valid option — but it means you only see one set of rates and terms. If you want to compare multiple lenders without filling out multiple applications, a mortgage broker like Nook can be a smarter approach.

Here's how Nook differs from a direct bank application:

• Multiple lenders, one application: Nook submits your profile to several partner banks simultaneously, so you can compare offers side by side
• Verified rates: Nook's partner bank rates are confirmed and up to date — no guesswork
• Lowest available rate: Nook partner banks currently offer rates starting at 5.99% p.a., which may be lower than what Metrobank offers for your profile
• Free service: Nook charges borrowers nothing — the broker fee is covered by the lending bank
• Guidance throughout: Nook's team assists with document preparation, application tracking, and negotiations

Whether you're buying a new home or considering refinancing an existing loan, it's worth getting a free comparison before committing. Note: Interest rates quoted are subject to change and individual eligibility requirements apply.