As an OFW, you can make your dream home a reality by applying a loan in Metrobank. Metrobank offers a competitive and affordable interest rates. Unlike employed or self-employed individuals and businesspeople, OFW's (Overseas Filipino Workers) have different requirements for applying a housing loan in Metrobank. You can follow the steps provided below on how to apply a housing loan in Metrobank:
Prepare the needed requirements before going to the bank. Listed below are the standard application documents required:
Latest ID photo (1" x 1" or 2" x 2") of borrower and spouse (if applicable)
Photocopy of acceptable ID with photo and signature (passport, driver's license, employee ID).
Latest Income Tax Return (ITR) with W-2
Proof of other non-salary income such as Certificate of Deposits, Stocks/Bonds Certificate, Lease Contracts showing term and monthly payments, etc.
Photocopy of Marriage Contract or any applicable document to support civil status (if applicable)
Owner's Copy of Transfer/Condominium Certificate of Title (TCT or CCT)
Vicinity/Locatio Map and Lot Plan signed by a Geodetic Engineer
Floor Plan, as Built Plan or Schematic Floor Plan (if applicable)
Photocopy of Bank Statements and Passbooks for the last 6 months (if applicable)
Special Power of Attorney (Bank Form) consularized by the Philippine Consular Office
Consularized or Verified Employment Contract and/or Certificate of Employment and Compensation (COEC) with Payslips attached (as deemed necessary).
Proof of remittances/allotment with any local bank
Photocopy of passport
Additional documents may be required (depending on loan purpose):
For House Construction and Renovations Loans:
Floor and Building Plan, building specifications, bill of materials and construction and labor cost estimates
For Purchase of Condominium
Master Deed of Restrictions
Master Insurance Policy
Mother Transfer Certificate of Title (TCT) or CCT (if applicable)
For Purchase of Townhouse
Mother TCT or CCT (if the title of the townhouse is covered by a CCT)
Statement of Account from mortgages bank
Go to your branch of account (Metrobank branch where you've opened an account). Inside the bank, go to the Customer Service section and tell any bank employee that you want to apply for a housing loan. Ask for the complete list of requirements (the bank may require additional documents not listed on Step 1 (on the Standard Application Documents). The bank employee may require you fill-out a Housing Loan Application Form. Other requirements will be consolidated after the bank evaluates your application.
Metrobank Housing Loan Application Form (photo snapshot)
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I had a previous account in metro bank but I transferred under my mother's name because we had a difficulty before in terms of withdrawing the money. I am working here in Dubai and kindly advise me how to take a half million in peso and kindly provide me the calculations and requirements for applying the loan.
Hi good morning. I want to ask an advice because I want to apply for housing loan, but im here in Bahrain. If possible can you advice me how to process the housing loan while im here in Bahrain..thank you..
Hi good pm,my husband is an OFW and he wanted to apply housing loan from metrobank but he is in Saudi right now. can you please advise me the process? thanks and wait your response. can you please send me cellphone number to call..