Metrobank Housing Loan Requirements 2026: Step-by-Step Checklist

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

• Age: At least 21 years old at the time of application, and not more than 65 years old upon loan maturity (some flexibility may apply for certain professions).
• Citizenship: Filipino citizens are eligible. Foreign nationals married to Filipino citizens may also qualify under certain conditions.
• Employment status: Locally employed, self-employed, or overseas Filipino workers (OFWs) are all eligible.
• Minimum tenure: Locally employed applicants typically need at least two years of employment history (one year with the current employer). Self-employed applicants generally need at least two years of profitable business operations.

Note: Eligibility criteria are based on publicly available information and are subject to change. Always verify current requirements directly with Metrobank before applying.

Regardless of your employment type, you will typically need to submit the following personal documents:

• Duly accomplished application form (available at any Metrobank branch or their website)
• Two valid government-issued IDs — e.g., passport, SSS/GSIS card, driver's license, PRC ID, TIN card, PhilSys national ID
• Proof of billing address — recent utility bill, bank statement, or credit card statement showing your current address
• Marriage certificate (if married) or birth certificate of dependents (if applicable)
• Tax Identification Number (TIN)

Make sure all IDs are valid (not expired) and that your name and address details are consistent across all documents to avoid processing delays.

If you are employed by a company or organization in the Philippines, Metrobank typically requires:

• Certificate of Employment (COE) — issued within the last three months, stating your position, tenure, and monthly salary
• Latest one to three months' payslips
• Latest ITR (BIR Form 2316 or Form 1700) — income tax return for the most recent year, stamped by the BIR or your employer
• For employees with variable income: Commission statements, incentive letters, or 13th-month pay documentation may also be requested

If you are a fixed-income government employee, a Certificate of Employment from your agency and a copy of your payroll slip are usually sufficient. Metrobank may also request bank statements to verify regular salary crediting.

Requirements are approximate and subject to change. Verify with Metrobank directly for the most current list.

Self-employed applicants and business owners typically face a more comprehensive document checklist. Metrobank generally requires:

• DTI Registration (for sole proprietors) or SEC Registration (for corporations/partnerships)
• Business permit / Mayor's Permit — current year
• Latest two to three years' audited financial statements (AFS) — balance sheet and income statement, signed by a CPA
• Latest ITR (BIR Form 1701 or 1702) — for the most recent two years, BIR-stamped
• Latest six months' bank statements — for both personal and business accounts
• Articles of Incorporation / Partnership and General Information Sheet (GIS) if applicable

Your business must generally show at least two consecutive years of profitability. A strong bank balance and consistent cash flow will significantly strengthen your application.

Overseas Filipino Workers (OFWs) can apply for a Metrobank housing loan either in person (when on vacation) or through a duly authorized representative. Required documents typically include:

• Valid passport with visa or work permit
• Overseas Employment Certificate (OEC) or employment contract (for land-based OFWs)
• Crew contract or POEA documents (for sea-based OFWs)
• Latest three to six months' proof of remittance or payslips in foreign currency
• Latest ITR or equivalent income document from the host country (if applicable)
• Special Power of Attorney (SPA) — required if a representative will sign documents on your behalf; must be notarized and authenticated (consularized or apostilled)

OFW applicants should coordinate with a Metrobank branch well in advance, as document authentication can take time. If you want to compare rates across multiple banks in one go, Nook's free digital mortgage broker service can help you do that without needing to visit multiple bank branches.

The property documents you need to submit will vary depending on what you're buying or building. Here is a general checklist:

For purchase of a house and lot or condominium:

• Photocopy of the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
• Certified true copy of the title from the Registry of Deeds
• Latest tax declaration for land and improvements
• Real property tax (RPT) receipts — current year
• Contract to Sell or Deed of Absolute Sale (if already executed)
• Floor plan and vicinity map of the property

For house construction or renovation:

• Building plans approved by the local government
• Bill of materials and cost estimates from a licensed contractor
• Construction contract

For refinancing an existing housing loan:

• Statement of account from your current lender
• Original TCT/CCT (to be transferred or used as collateral)

Note: Requirements may vary depending on the property type, developer, or location. Always confirm the complete list with Metrobank's loan officer.

Based on publicly available information, Metrobank's housing loan program generally offers:

• 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), subject to your income qualification
• Loan terms: Typically 1 to 20 years for standard housing loans

Your maximum loanable amount will ultimately depend on your gross monthly income. As a general rule, your total monthly loan amortization should not exceed 30–40% of your gross monthly household income.

For example, if your gross monthly income is 100,000, you may qualify for a monthly amortization of up to 30,000–40,000, which — depending on the interest rate and term — could translate to a loan amount of roughly 3,000,000 to 5,000,000 or more.

Use a Metrobank housing loan calculator to estimate how much your monthly payments might be before you apply.

Figures are approximate and subject to Metrobank's current credit policies. Rates and terms are subject to change.

The timeline for a Metrobank housing loan approval depends on how quickly you can submit complete documents and how fast the property appraisal is completed. Based on general industry experience in the Philippines:

• Initial credit evaluation: 3–7 banking days after submission of complete documents
• Property appraisal: 3–7 banking days (Metrobank arranges this independently)
• Loan approval: 7–15 banking days from the date all documents are received and verified
• Loan release: Depends on the readiness of the title and other closing documents

To avoid delays, make sure your document checklist is 100% complete before submission — incomplete applications are a common cause of processing slowdowns. Having a consistent paper trail (especially for income and address verification) is key.

If you are also exploring other banks, working with Nook means you only submit your documents once and Nook's team handles the rest across multiple lenders — saving you time and back-and-forth with individual banks.

Metrobank is one of the Philippines' largest banks and generally offers competitive housing loan rates. However, like most Philippine banks, their rates are typically structured as fixed-rate periods (e.g., 1-year fix, 3-year fix, 5-year fix) that reprice after the fixed term ends.

Based on publicly available information, Metrobank's housing loan rates are generally in the 7% to 9% p.a. range depending on the fixing period, loan amount, and prevailing market conditions — though these rates are subject to change and may differ from current promotional offers.

For comparison, the best refinance rates currently available through Nook partner banks start at 5.99% p.a. — which can represent meaningful savings over a 15- to 20-year loan term. For instance, on a 5,000,000 loan over 20 years, the difference between paying 8.5% and 5.99% could amount to over 1,000,000 in total interest savings.

You can explore current Metrobank rate structures in more detail on our Metrobank housing loan rates 2026 page.

Interest rates are approximate, based on publicly available data, and subject to change. Always verify current rates directly with Metrobank or through Nook's partner banks.

Yes — and this is exactly what Nook was built for. Instead of visiting multiple banks, gathering separate document sets, and waiting for individual approvals, you can apply through Nook (nook.com.ph) — the Philippines' first digital mortgage broker.

Here's how Nook works:

• 100% free service — Nook charges nothing to borrowers. The bank pays Nook's fee.
• One application, multiple banks — Submit your documents once, and Nook will match you with the best available rates across its network of partner banks.
• Verified rates — Unlike rates you find on comparison sites, Nook's partner bank rates are verified and up to date.
• End-to-end support — Nook's mortgage specialists guide you through every step, from document preparation to loan release.

Whether you're buying your first home, refinancing an existing loan, or just comparing options, Nook makes the process faster, simpler, and more transparent — no bank branch visits required.