Metrobank Housing Loan Requirements Philippines 2026: Full Eligibility Guide

To qualify for a Metrobank housing loan, applicants generally need to meet the following eligibility criteria based on publicly available information:

• Age: At least 21 years old at the time of application, and not more than 65 years old upon loan maturity (some sources indicate up to 70 for certain borrower profiles — confirm directly with Metrobank).
• Citizenship: Filipino citizens, or foreign nationals married to Filipino citizens (subject to additional requirements and property ownership restrictions under Philippine law).
• Employment or income status: Locally employed, self-employed, or an overseas Filipino worker (OFW) with verifiable and stable income.
• Credit standing: Good credit history with no outstanding derogatory records in the Credit Information Corporation (CIC) or with other lenders.

These are general guidelines based on publicly available information and are subject to change. Always verify current eligibility requirements directly with Metrobank before applying.

Metrobank does not widely publish a single fixed minimum income figure, but based on publicly available information, a commonly referenced minimum gross monthly income is around 40,000 pesos for locally employed applicants. However, the income requirement that actually matters is whether your gross monthly income is sufficient to cover the monthly amortisation — banks in the Philippines typically require that your monthly loan payment does not exceed 30% to 40% of your gross monthly income.

For example, if you're borrowing 3,000,000 pesos over 20 years, your estimated monthly payment (at approximate Metrobank rates) could be around 23,000 to 26,000 pesos. Under the 30% rule, you'd need a gross monthly income of at least 77,000 to 87,000 pesos to qualify comfortably.

For self-employed applicants, Metrobank will typically assess the past 2–3 years of business income based on audited financial statements and ITRs. Income requirements and assessment methods are subject to change — verify the current threshold with Metrobank directly.

Based on publicly available information, Metrobank typically requires the following documents. Requirements may vary depending on your employment status.

All applicants:

• Duly accomplished Metrobank Home Loan application form
• Valid government-issued ID (two forms, front and back)
• Marriage contract (if applicable) or birth certificate
• Latest 3 months' bank statements

For locally employed applicants:

• Certificate of Employment (COE) with compensation
• Latest one month payslip (some banks require 3 months)
• Income Tax Return (ITR) — BIR Form 2316 for the past 1–2 years

For self-employed applicants:

• Business Registration documents (DTI or SEC)
• Audited Financial Statements for the past 2–3 years
• ITR (BIR Form 1701) for the past 2 years
• List of trade references or business contracts (may be requested)

For OFW applicants:

• POEA contract or employment contract (notarised or apostilled)
• Proof of remittances for the past 6–12 months
• Special Power of Attorney (SPA) for a local representative

For the property:

• 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 (for purchase transactions)
• Building plans (for construction loans)

This list is based on publicly available information and is subject to change. Metrobank may request additional documents during the evaluation process. Always confirm the full checklist directly with Metrobank or your account officer.

Based on publicly available information, Metrobank's housing loan can be used for the following property purposes and types:

• Purchase of a residential house and lot (new or second-hand)
• Purchase of a condominium unit (new or resale, subject to project accreditation)
• Lot purchase (residential land only)
• House construction on a lot you already own
• Home improvement or renovation
• Refinancing of an existing housing loan from another bank

The property must generally be located within the Philippines, titled, and free from liens and encumbrances (or with existing mortgage that will be settled). Agricultural land and properties with unresolved title issues are typically not accepted. Condominium projects may need to be Metrobank-accredited.

Property requirements are subject to change and Metrobank's internal appraisal policies. Confirm accepted property types directly with Metrobank before proceeding.

Based on publicly available information, Metrobank housing loans typically have the following parameters:

• Minimum loan amount: Approximately 500,000 pesos
• Maximum loan amount: Up to 80% of the appraised value of the property (loan-to-value ratio of 80%), though this can vary depending on property type and borrower profile. For condominium units, the LTV may be lower (often 70%).

In practice, most Metrobank borrowers take out loans ranging from 1,500,000 to 10,000,000 pesos. The actual amount you can borrow will also be limited by your debt-service capacity — your income must be sufficient to service the monthly amortisation comfortably.

To get an idea of how different loan amounts translate to monthly payments, try using our Metrobank housing loan calculator to run accurate payment estimates across different amounts and terms. Loan amount limits are subject to change — verify with Metrobank directly.

Based on publicly available information, Metrobank housing loans are typically available with the following repayment terms:

• Minimum term: 1 year (for some loan purposes like home improvement)
• Standard terms: 5, 10, 15, 20, and up to 25 years for purchase and construction loans
• Maximum term: Generally up to 25 years, subject to the borrower's age at maturity

Keep in mind that your age limits the maximum term available to you. If you are 50 years old and the bank requires the loan to be fully paid by age 70, the maximum term available to you would be 20 years.

Longer terms mean lower monthly payments but higher total interest paid over the life of the loan. Loan term availability is subject to change — confirm with Metrobank directly.

Metrobank housing loan interest rates are variable and not consistently published in detail, but based on publicly available information, Philippine bank home loan rates generally fall in the range of 7% to 10% per annum for standard fixing periods. Metrobank typically offers fixed-rate periods of 1, 2, 3, 5, and 10 years, after which the rate is repriced.

Important: The rates shown in any online resource — including this page — are approximate and based on publicly available market data. They are subject to change without notice. Always contact Metrobank directly for their current published rates before making any borrowing decision.

If you're already repaying a Metrobank loan and want to explore whether you could be getting a lower rate, you can compare options through Nook's partner banks, where the best available refinance rate is currently 5.99% per annum. Read more about how this works in our guide to Metrobank home loan refinancing — lower rates and better terms.

Based on publicly available information and general market experience, Metrobank's housing loan processing time typically follows these approximate stages:

• Initial evaluation and pre-approval: 5–10 business days after submission of complete documents
• Property appraisal: An additional 3–7 business days
• Final approval / loan offer: Total turnaround of approximately 2–4 weeks for complete applications
• Loan release: Additional time required after signing of loan documents, payment of fees, and registration with the Registry of Deeds

Incomplete document submissions are the most common cause of delays. Having all required documents organised and complete before submission significantly speeds up the process. Processing timelines are subject to change based on Metrobank's current volumes and internal processes.

Yes. Based on publicly available information, Metrobank accepts applications from Overseas Filipino Workers (OFWs). The general eligibility and income requirements are similar to those for locally employed applicants, with some additional requirements:

• A valid employment contract or POEA-processed contract (notarised or apostilled where required)
• Proof of income and remittances for the past 6–12 months
• A Special Power of Attorney (SPA) designating a local representative (spouse, parent, or sibling) who can sign documents and transact with the bank on your behalf while you are abroad
• The SPA must typically be notarised (if signed in the Philippines) or notarised and apostilled by the Philippine Embassy or Consulate (if signed abroad)

OFW income is generally accepted in foreign currency but will be converted to pesos for loan assessment purposes. OFW-specific requirements are subject to change — always confirm with Metrobank's nearest branch or OFW banking unit.

Yes. Instead of applying bank by bank — each with its own forms, requirements, and waiting periods — you can use Nook, the Philippines' first digital mortgage broker. Nook works with multiple partner banks and can match you with the lowest available rate for your profile, with the best refinance rate currently at 5.99% per annum.

Here's why many Filipino homeowners choose to go through Nook:

• Free service: Nook's mortgage broking service is 100% free to borrowers. The bank pays the broker fee.
• Multiple lenders, one application: Instead of applying separately to BDO, BPI, Security Bank, and others, Nook submits on your behalf across its network of partner banks.
• Verified rates: Unlike published rates from non-partner banks that may be outdated or subject to fine print, Nook's partner rates are verified and current.
• Streamlined process: Nook's digital platform guides you through document preparation, reducing the back-and-forth that can slow down direct bank applications.

Whether you're buying a new property or refinancing an existing Metrobank loan to a lower rate, Nook can help you find and secure the best deal available without paying anything extra.