How to Start Your Metrobank Personal Loan Application

Jay Pagkatotohan

Jay Pagkatotohan

Last updated June 30, 2023

One of the premier banks in the Philippines, Metrobank offers a wide range of financial products and services, from deposit accounts to credit cards. The bank also has loans that can help you fund big-ticket purchases or unexpected expenses.

If you’re cash-strapped right now, consider a Metrobank personal loan application. We’ve put together a guide that will help you through the process. Read on to learn more.

What is Metrobank Personal Loan?

A Metrobank personal loan is an installment loan with a fixed interest rate that you’ll need to pay off over an agreed period of time. It's the most flexible of all Metrobank's loan products. This is because you can use it for a variety of purposes.

What Can I Use the Metrobank Personal Loan for?

The cash that you get via your successful Metrobank personal loan application can be used for any situation that requires extra funds. Nevertheless, you must avoid using the loan proceeds on illegal activities and transactions.  

👉 Home Renovation

metrobank personal loan application purpose - home renovation

Some banks offer home improvement loans for big projects like this. But did you know that you can also use personal loans to turn your home into a beautiful space? Whether you’re expanding your home or just refreshing your living room with new furniture, Metrobank can help with its personal loan.

👉 Weddings and Other Life Milestones

Planning your wedding? Use your Metrobank personal loan proceeds to pay for your venue, suppliers, and even your honeymoon. You can also use this loan for other milestones and celebrations, such as birthdays and retirement.

👉 Funding Your Small Business

metrobank personal loan application purpose - small business funding

Dreaming of starting your own bakery or online shop? If you can’t bootstrap your own business, you can get a Metrobank personal loan instead. Once your application is approved, you can use the proceeds to fuel your passion and turn it into an income-generating endeavor.

👉 Unexpected Expenses

With your approved Metrobank personal loan application, you can fund emergency expenses. Such situations include car repairs and home repairs. Moreover, you can use the loan proceeds to cover a family member’s hospitalization and even funeral costs.

👉 Education

metrobank personal loan application purpose - education

Never worry about receiving promissory notes by paying your kid’s tuition on time using the Metrobank personal loan. You may also use this loan to fund other school-related purchases, such as laptop computers, books, and supplies.

👉 Gadget, Appliance, and Other Big-Ticket Purchases

Planning to buy a new fridge but your wallet says no? With the Metrobank personal loan, you can buy an appliance immediately. This is a helpful solution, especially if you plan to use that appliance or gadget on a regular basis.

👉 Vacations

Some vacations don’t necessarily warrant a large amount of money. But if you’re treating your whole family to a nice holiday, you may need the help of a personal loan from Metrobank. You may also use the cash to fund your parents’ dream wedding anniversary vacation.

Nevertheless, keep in mind that you’ll still cover the interest long after the fun is over.

👉 Debt Consolidation

If you’re repaying multiple debts, it can be confusing to keep track of them at times. What if you can pay them all at once every month? The Metrobank personal loan can double as a debt consolidation loan.

This is helpful in case the approved loan’s interest rate is lower than the interest on your existing debts. It's also convenient since you have to remember only one payment due date every month.


How Much Can I Borrow with Metrobank Personal Loan?

With the Metrobank personal loan, you can borrow from ₱20,000 to ₱1 million. However, note that the approved loan amount will depend on the borrower’s financial circumstances and history during the application.

If you want to increase your chances of getting your Metrobank personal loan application approved, clear your existing financial obligations first. You'll boost your credit score, which many lenders use as a basis for approving loan applications.

How Long Should I Repay the Metrobank Personal Loan?

The repayment terms for the Metrobank personal loan are flexible. You can choose from the following tenors: 12, 18, 24, or 36 months.

What is the Interest Rate of a Metrobank Personal Loan?

The monthly add-on rate of your loan will depend on the payment duration of your loan. Here are the corresponding interest rates for each tenor.

Loan Term Monthly Add-on Rate Annual Contractual Rate
12 months 1.75% 36.742%
18 months 1.75% 36.676%
24 months 1.50% 31.459%
36 months 1.25% 25.976%


Am I Eligible for Metrobank Personal Loan?

Before you file your Metrobank personal loan application, you have to determine if you’re actually eligible for it. Here are the eligibility requirements you have to meet to qualify for a personal loan from Metrobank:

  • Filipino citizen
  • At least 21 years old at the time of the loan application and 65 years old upon the maturity of the loan
  • Must have a gross annual income of at least ₱350,000 (around ₱29,166 per month)
  • Must have a credit card that has been active for at least nine months
  • If employed: must be a regular employee with their current employer for at least one year
  • If self-employed: must be at least two years in their current business

Note: All eligible applicants will be subject to Metrobank’s credit evaluation.

What are the Metrobank Personal Loan Requirements?

What makes Metrobank a standout when it comes to personal loans is that it requires only two documents for submission: a valid government ID and a signed Promissory Note and Disclosure Statement (PNDS).

Metrobank Personal Loan Application Process: 3 Easy Steps

metrobank personal loan application process

Wondering how to apply for a Metrobank personal loan? You need to take only three steps to complete your Metrobank personal loan online application:

  1. Go to Metrobank’s official website and fill out the online loan application form.[1]
  2. Once you submit your application, you’ll receive an email confirming that Metrobank has received your submission.
  3. Wait for a call from Metrobank’s loan officer regarding your application.

Apply for a Metrobank personal loan through Moneymax

Check out other personal loan options in the Philippines:

FAQs on Metrobank Personal Loan Application

If you have some questions regarding your application for a Metrobank personal loan, check out the following FAQs to find the answers that you’re looking for.

1. How much will be my Metrobank personal loan monthly payment? How much should I borrow?  

metrobank personal loan calculator online

Metrobank can help you decide on your loanable amount through its Personal Loan Calculator, which can be found on the bank’s website. You’ll just need to input the loan amount you have in mind and pick a loan term. The system will then compute your estimated monthly amortization, fees and charges, and total interest.

However, keep in mind that the figures computed by this calculator are indicative only and subject to change.

2. What valid IDs does Metrobank accept?

Metrobank lists the following as valid IDs that you can present in your personal loan application:

  • Passport (also includes those issued by foreign governments)
  • National ID/Philippine Identification Card (Phil ID)
  • Driver’s license
  • Postal ID
  • PRC ID
  • Voter’s ID
  • SSS ID or UMID Card
  • GSIS e-Card
  • Senior Citizen Card
  • Seaman’s Book
  • Overseas Filipino Worker ID or e-Card
  • IBP ID
  • PWD ID issued by the National Council on Disability Affairs
  • ID issued by government offices or government-owned and controlled corporations (e.g., SEC, BSP, Insurance Commission)
  • Signature-bearing company ID (applicant presenting this must be registered, supervised, or regulated by SEC, BSC, or Insurance Commission)
  • Photo-bearing school ID signed by the principal or head of school for Filipino students who are not yet of voting age
  • For foreigners: Immigrant Certificate of Registration or Alien Certificate of Registration

3. How many days will my Metrobank personal loan processing take?

Metrobank prides itself in providing a quick turnaround time. The Metrobank personal loan approval time takes as fast as seven business days.

4. Do I have to pay fees and charges?

Yes. Metrobank imposes the following fees and charges on personal loan applications:

  • Disbursement fee: ₱1,500
  • Documentary tax stamp (applies only to loan amounts over ₱250,000)
  • Pre-termination fee: 5% of the outstanding balance or ₱550, whichever is higher
  • Late payment fee: ₱850 per incidence of late payment or non-payment

5. How do I follow up on my Metrobank personal loan status? What is Metrobank's customer service hotline?

If you want to follow up on your Metrobank personal loan status, you can get in touch with the bank’s contact center through the following details:

  • Metro Manila phone number – (02) 88-700-700
  • Domestic toll-free number – 1-800-1888-5775
  • Email address –

You may also fill out an inquiry form on Metrobank’s official website. The bank will reply to you via email within two to three business days.

6. How do I repay the loan?

Loan amortizations are settled through an auto-debit arrangement (ADA) with your Metrobank deposit account. In case you don’t have a Metrobank deposit account yet, the bank will require you to open one once your loan application has been approved.[2]

7. Does Metrobank have a salary loan?

If you have an emergency and processing your Metrobank personal loan application takes time, you can avail of Metrobank’s Payroll Cash Advance. This is a loan facility developed in partnership with PSBank.

Through Payroll Cash Advance, you can use the Metrobank debit card issued by your employer to advance a portion of your salary at any Metrobank or PSBank ATM nationwide. The best thing about this is that you don’t have to pay any interest. You’ll need to pay only ₱125.

Keep in mind that Payroll Cash Advance is available only to clients who have received an email or SMS that says they’re eligible for it. If you’re deemed fit for the program, you won’t need to fill out an application form to avail of this loan.

You can use this service to cover the following unexpected expenses:

  • Water and electricity bills
  • Medical emergencies
  • Remittances and groceries
  • School fees and transportation
metrobank personal loan application guide
metrobank personal loan application guide
metrobank personal loan application guide
metrobank personal loan application guide
metrobank personal loan application guide
metrobank personal loan application guide

Final Thoughts

If you’re having trouble with cash right now, know that reputable banks like Metrobank can help you out. However, you need to think things through and analyze your situation carefully before proceeding with your Metrobank personal loan application.

Do I really need it? Will I be able to repay it on time? These are the questions that you need to ask yourself.

If you probe deep enough, you can avoid additional financial liabilities.

Compare Personal Loans and Find the Best One for You!

Looking for another personal loan online? Browse and compare different loan products from legit and reputable providers in the Philippines through Moneymax. Once you’ve found the ideal offer, apply for a personal loan right then and there!

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Jay is a marketing communications professional who specializes in short-form and long-form content. He has written ads for TV, radio, print, and digital. He has also produced corporate blogs, magazine features, white papers, product listings, reviews, and press releases for clients here and abroad. When he’s not writing, Jay plays the piano or takes pictures for his visual diary. Follow Jay on LinkedIn.


Use a personal loan to consolidate your outstanding debt at a lower interest rate!

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