If you're an active employee, a small business owner or an active OFW (Overseas Filipino Worker), you can get or apply a loan in Metrobank. Like any other bank in the Philippines, the main information that Metrobank wants to know about you is your cashflow, your net income and your net worth. They want to know or determine if you have the capacity to pay your debt (loan). If you're just a newbie in getting a loan in Metrobank, here the basic steps to do. It's important to know these steps for you to save time and money.
Steps in Getting a Loan In Metrobank
1.) Before going to the bank, you must prepare and secure these requirements first. You are going to submit these requirements to the bank.Requirements depends on the type of loan you want to avail. The types of loan are CAR loan, HOUSE loan or BUSINESS loan.
Photocopy of Income Tax Return for the last 3 years
Photocopy of Audited Financial Statement for the last three years
Bank Statements for the last six months
Copy of Transfer Certificate of Title or Copy of Condominium Certificate of Title (Owner's Duplicate Copy)
Certificate of Placement
Update Tax Declaration
Vicinity Map/Location plan/Lot plan and Bill of Materials (if for construction)
2.) If you have all the requirements needed in a certain type of loan, you can go to any Metrobank branch or to your Metrobank branch of account.
3.) The bank will process your application, verify all the information you submit. Processing takes several days. You will be contacted if your loan is approved.
Don't hesitate to ask questions to the bank. If needed, you can write down your concerns or questions before going to the bank. Some of the questions you may want to know might be about the interest rates, term of loan, monthly payments, etc.
Make sure you have the capacity to pay your loan before you apply for it. It means that you have enough net income or enough allocation of your net income to pay our loan. Or you have enough assets to liquidate in order to pay your loan.
Do you want to avail a loan in Metrobank? Tell us in the comment below.
"How to Apply a Loan in Metrobank?" was written by admin under the Banking category. It has been read times and generated 9 comments. The article was created on .
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Hi, I want to apply a credit card and this is my first time to apply. I don't have any existing credit card/ I am not a credit card holder. I tried to apply a credit card in other bank but they require a credit card holder. Can I apply ? Hope you can answer my inquiry thank you.
I want to avail for your business loan for the development of my poultry business in the philippines i am currently living in japan and my business is being manage by my brother whose also my budiness partner please give me more indormation regarding this inquiry
i want to inquire of how to apply for business loan i live here in japan being martied to a japanese ,but i have a poultry business in the philippines that iwant to expand through building a tunnel built poultry ,but dont have the necessary fund,please give me more information of how to apply to your business loan