How to Apply Metrobank Personal Loan

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How to Apply for a Metrobank Personal Loan

Metrobank is one of the leading banks in the Philippines, offering a wide range of financial products and services to its customers. If you are in need of extra funds for various purposes, such as home renovations, education expenses, or debt consolidation, applying for a personal loan with Metrobank may be a suitable option. This article will guide you through the application process for a Metrobank personal loan, ensuring a smooth and hassle-free experience.

Step 1: Determine your eligibility
Before applying for a personal loan, it is essential to check if you meet the bank’s eligibility criteria. To qualify for a Metrobank personal loan, you must be a Filipino citizen or a foreigner residing in the Philippines for more than two years. You should also be between 21 to 65 years old, with a stable source of income. Metrobank requires a minimum monthly income of PHP 15,000 for employed individuals and PHP 30,000 for self-employed individuals.

Step 2: Gather the required documents
To ensure a successful loan application, you need to prepare the necessary documents. These typically include:

1. Duly accomplished application form – You can obtain this form from the Metrobank website or any of their branches.

2. Photocopy of a valid ID – You need to submit a government-issued ID such as a driver’s license, passport, or Unified Multi-Purpose ID (UMID).

3. Proof of income – Employees must provide their latest payslips or Income Tax Return (ITR). Self-employed individuals need to submit their ITR, financial statements, and business permits.

4. Proof of residence – This can be in the form of utility bills or any valid document that shows your current address.

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Step 3: Calculate your loan amount and tenure
Before proceeding with the application, it is crucial to determine the loan amount you need and the repayment tenure that suits your financial situation. Metrobank offers loan amounts ranging from PHP 25,000 to PHP 2,000,000, with repayment terms of 12, 18, 24, or 36 months.

Step 4: Submit your application
Once you have gathered all the required documents and determined your loan amount and tenure, it’s time to submit your application. You can do this in three ways:

1. Online application – Visit the Metrobank website and fill out the online application form. Upload the necessary documents and submit the application. You will receive an email confirmation once your application has been processed.

2. In-branch application – Visit your nearest Metrobank branch and ask for assistance from a loan officer. Fill out the application form and submit the required documents. The loan officer will guide you through the process and provide further instructions.

3. Phone application – Call the Metrobank customer service hotline and inform them of your intention to apply for a personal loan. They will guide you on the necessary steps and document requirements.


1. What is the interest rate for a Metrobank personal loan?
The interest rate for a Metrobank personal loan varies depending on the loan amount and repayment term. It is advisable to check with Metrobank for the most up-to-date interest rates.

2. How long does it take to process a Metrobank personal loan application?
The processing time for a Metrobank personal loan application typically takes around 5 to 7 working days. However, this may vary depending on the completeness of your documents and the bank’s workload.

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3. Can I apply for a Metrobank personal loan if I have an existing loan with another bank?
Yes, you can still apply for a Metrobank personal loan even if you have an existing loan with another bank. However, Metrobank will consider your existing loan as a factor in determining your eligibility and loan amount.

4. Can I pay off my Metrobank personal loan before the end of the term?
Yes, you have the option to make an early repayment of your Metrobank personal loan. However, additional charges or penalties may apply, depending on the terms and conditions of your loan agreement.

In conclusion, applying for a Metrobank personal loan is a straightforward process that can provide you with the financial assistance you need. By carefully preparing the required documents and meeting the bank’s eligibility criteria, you can increase your chances of a successful loan application. Remember to consider your loan amount and tenure wisely and always read and understand the terms and conditions before signing any loan agreement.