Metrobank Personal Loan

A little bit of financial help can turn your dream into reality. Start your year right and make it happen by borrowing as much as ₱1 million with Metrobank Personal Loan. Only minimal requirements are needed and payment terms are flexible. Use your loan for one of the following purposes:

• Emergency expenses - Say goodbye to sleepless nights brought about by the intense need for cash to fund emergencies and start sleeping right when you get a Metrobank Personal Loan. It’s good for emergencies since the transaction process only takes 7 banking days.

• Child’s education - Inflation is at an all-time high and affects every expense you can imagine, including your child’s tuition fees. Prepare for it now with a little help from Metrobank Personal Loan in the Philippines.

• Dream vacation - Your dream vacation is now within reach when you get a Metrobank Personal Loan. Add more cash to your travel fund and start your jetsetter life.

• Weddings - Always want to have a fairytale wedding? You don’t need a fairy godmother to appear and grant your wish. Just apply for a Metrobank Personal Loan and be your own fairy godmother AND princess bride-to-be.

Before applying for a loan, you need to meet the following Metrobank Personal Loan eligibility criteria:

• 21 years old and above and not older than 65 years old upon loan maturity

• Filipino citizen

• Minimum annual salary of ₱350,000 

• Must be an existing primary credit cardholder for at least 9 months with a ₱25,000 credit limit

• For employed: Must be a regular employee with at least 1 year tenure with their current employer 

• For self-employed: Must be at least 2 years in their current business

Loan amount: ₱20,000 to ₱1 million

Loan terms: 12, 18, 24, or 36 months

Monthly add-on rates:

• 1.75% - for a 12- and 18-month loan term
• 1.50% - for a 24-month loan terms
• 1.25% - for a 36-month loan term

Late payment penalty fee: ₱850 per incidence of late or non-payment

Pre-termination fee: ₱550 or 5% of the outstanding balance, whichever is higher

Disbursement fee: ₱1,500

Documentary Tax Stamp Fee: ₱1.50 for every ₱200 of the loan amount (only for loan amounts above ₱250,000)

Minimal requirements: No collateral fee