Metrobank Personal Loan

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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:

  1. Loan amount: Metrobank offers personal loans of up to PHP 1 million, depending on the borrower’s creditworthiness and capacity to repay the loan.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.

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CashLoanPH Asked question 07/02/2023