Metropolitan Bank and Trust Company (Metrobank) is a leading bank in the Philippines that offers personal loans to its customers. Here are some of the key features of Metrobank Personal Loan:
- Loan amount: Metrobank offers personal loans of up to PHP 1 million, depending on the borrower’s creditworthiness and capacity to repay the loan.
- Interest rate: Metrobank offers competitive interest rates for personal loans, but the exact rate will depend on factors such as the loan amount, repayment period, and the borrower’s credit profile.
- Repayment period: The repayment period for Metrobank personal loans can range from 12 to 36 months, depending on the loan amount and the borrower’s capacity to repay.
- Application process: Metrobank personal loans can be applied for online or in-person at a Metrobank branch. The application process requires the submission of personal and financial information, such as employment and income information.
- Approval time: The approval time for Metrobank personal loans varies, but it typically takes a few days to a week for the loan to be approved.
- Disbursement: Once the loan is approved, the loan amount will be credited to the borrower’s Metrobank account, or can be picked up in cash at a Metrobank branch.
- Requirements: To be eligible for a Metrobank personal loan, the borrower must have a minimum monthly income of PHP 20,000 and must be at least 21 years old. Other requirements may include proof of employment and income, a government-issued ID, and a co-maker if required.
It’s important to carefully consider the terms and conditions of a Metrobank personal loan, and to compare it with other personal loan options available in the Philippines, before making a decision.