Metrobank Personal Loan: start your online loan application

Choose a loan amount from PHP 20,000 to PHP 2 million, with repayment options of up to 36 months.

Metrobank Personal Loan

Metrobank Personal Loan helps eligible borrowers finance personal purchases, education, home repairs, travel and unexpected expenses.

You can get a loan through an online process using one valid ID, without submitting income documents, subject to credit evaluation.

Metrobank Personal Loan: best loan for personal expenses?

A flexible loan amount can help you cover anything from a planned purchase to tuition fees or medical expenses. Metrobank offers repayment terms of 12, 18, 24 and 36 months, with payments automatically debited from your Metrobank deposit account.

For an illustrative loan amount of PHP 300,000 at 1.25% monthly add-on over 36 months, Metrobank quotes monthly repayments of PHP 12,083.33, an ACR of 25.976% and an APR of 30.516%.

A PHP 1,500 disbursement fee and PHP 2,250 Documentary Stamp Tax are deducted from the proceeds. Confirm your approved rate, as the rate table also lists 1.50% monthly for 36 months.

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Should I get a personal loan from Metrobank?

Metrobank may suit borrowers who prefer to get a loan from an established Philippine bank with an online application process and automatic account payments. Its personal loan application requires just one valid ID, making the document submission straightforward.

Before submitting your loan application, check the monthly repayment against your budget and review the fees.

Metrobank advertises processing in as fast as seven banking days, but this is not a guaranteed approval or release deadline. Keep your repayment account funded to avoid the PHP 850 late payment fee.

How to get a loan from Metrobank

To prepare your Metrobank Personal Loan loan application, you will need to:

  • Be a Filipino citizen.
  • Meet the age requirement: Be at least 21 years old when applying and no more than 65 years old when the loan matures.
  • Meet the income requirement: Have a gross annual income of at least PHP 250,000.
  • Have an existing credit card.
  • If employed: Hold regular employment status with your current employer for at least one year.
  • If self-employed: Have been operating your current business for at least two years.
  • Prepare one valid ID: Upload a scanned copy or clear photo during the application.
  • Pass credit evaluation: Meeting the eligibility requirements does not guarantee approval.
  • Arrange the repayment account: Open a Metrobank deposit account after approval if you do not already have one.

How to apply for the loan

  1. Visit the Metrobank Personal Loan page: Select “Apply Now” to access the official application form.
  2. Complete the form: Provide the requested information accurately.
  3. Upload your valid ID: Submit a scanned copy or photo as instructed.
  4. Submit the application: Check your information before sending it for assessment.
  5. Wait for an SMS update: Metrobank will notify you about your application status.
  6. Review the approved offer: Confirm the amount, repayment term, monthly add-on rate, annual rates and applicable fees.
  7. Follow the bank’s instructions: Complete the remaining requirements for loan release and automatic debit payments.

Frequently asked questions

Can I get a loan from Metrobank even if I am unemployed?

Metrobank’s published eligibility criteria cover regular employees and self-employed borrowers. If you are unemployed and do not operate a qualifying business, you would not meet those listed conditions for a loan application. Self-employed applicants need at least two years in their current business.

How much can I get approved for under Metrobank Personal Loan?

The available loan amount ranges from PHP 20,000 to PHP 2,000,000. Your approved amount depends on Metrobank’s evaluation of your financial circumstances and credit profile.

How can I fully pay off Metrobank Personal Loan?

For early settlement, notify Metrobank and request a final quotation for your outstanding loan amount.

The terms require payment of the unpaid principal, accrued interest and a pre-termination fee of 5% of the unpaid principal or PHP 550, whichever is higher. Confirm the settlement date and payment instructions with the bank.

How can I cancel my loan application with Metrobank?

Contact Metrobank at (02) 88-700-700 and request withdrawal of your loan application. Explain whether the application is pending, approved or already disbursed so the bank can confirm the applicable procedure.

If the funds have already been released, ask about settlement conditions rather than assuming cancellation is free.

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