Build your dream home with a House Construction Loan

• Minimum age: 21 years old
• Minimum income: PHP 40,000 or USD 1,000 
• Employment status:
  • Permanent status with current employer for 2 years
  • For land-based OFWs, employed by the current employer for 2 years
  • For sea-based OFWs, must have completed a combined contract duration of 24 months with the current agency
  • For self-employed, profitable operations for at least 3 years
• Credit history: Good standing, with no adverse findings
• Collateral: Residential property

• Interest fixing period: 1 year to 5 years
• Interest rates:*
  • 1 year - 6.25%
  • 2 years - 7.25%
  • 3 years - 7.75%
  • 4 years - 8.00% 
  • 5 years - 8.25%
• Maximum loanable amount: 80% of property value
• Fees: 
  • Appraisal fee of PHP 4000 (Metro Manila) or PHP 4500 (countryside)
  • Title investigation fee of PHP 1000
  • Registration fee: Actual Quotation + Php2,000.00
  • Notarial fee of PHP 400 (or actual quotation from service provider, whichever is higher) per document
  • Handling fee of PHP 5000
  • Mortgage Redemption Insurance (to be quoted)
  • Property Insurance (to be quoted)

*Rates may change from time to time. Kindly visit your nearest Metrobank branch or call our contact center at (02) 88-700-700 for the most updated rates.

Can I use a Metrobank Home Loan to finance the construction of a house?

Yes. Metrobank offers a house construction loan for those looking to build their home from the ground up. You can borrow up to 80% of the property's value, subject to a credit evaluation and submission of all required documents.

Can I lock in my construction loan interest rate?

Yes. Metrobank allows you to fix your construction loan interest rate for an initial period of 1 to 5 years. After the fixing period, your loan will be re-priced based on prevailing market rates at that time.

Who can apply for a Metrobank house construction loan?

Metrobank house construction loans are open to Filipino citizens and qualified OFWs who meet the minimum age, income, and employment requirements. Both employed and self-employed individuals may apply, subject to credit evaluation.

What is the minimum and maximum fixing period for a Home Loan? 

• Minimum Fixing Period: 1 year
• Maximum Fixing Period: up to 25 years

What is the maximum loanable amount?

The maximum amount you can loan is 80% of the property’s value.

How long is the interest fixing period?

The fixing period for home loans is 1 to 5 years.

What happens after the fixing period?

At the end of your fixing period, your Home Loan will be re-priced. This means that the interest rate of your loan will change.

What valid IDs can I present?

You may present any of these IDs:

• Philippine Identification Card (PhilID)
• Passport
• Driver’s License
• Professional Regulation Commission ID
• Postal Identity Card
• Voter’s ID
• GSIS e-Card
• Social Security System card or Unified Multi-Purpose ID
• Senior Citizen Card
• Government Office and Government Owned and Controlled Corporations ID (e.g. BSP, SEC, Insurance Commission)
• Persons with Disabilities (PWD) ID issued by the National Council on Disability Affairs
• Integrated Bar of the Philippines ID
• Company ID (if signature bearing) issued by Covered Person registered with or supervised/regulated by BSP, SEC or Insurance Commission
  
  

For OFWs:

• Passport