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Get a loan to purchase land today

Aiming to purchase that prime lot? Get a Metrobank Home Loan and make your dream lot a reality.

Flexible terms

Flexible terms

Easy payment terms of up to 10 years for your lot purchase with our Metrobank Home Loan.

Competitive rates

Competitive rates

Metrobank offers affordable land loan interest rates to help you get the lot you've always wanted to purchase.

Minimal requirements

Minimal requirements

Apply with just 4 basic land loan requirements – application form, identification, income, and collateral documents.

Uses of Home Loan for a lot purchase

The wait is over. A Metrobank Home Loan can get you the lot you’ve always wanted sooner than you think.

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Financial flexibility

Flexible loan terms make payments lighter, allowing for greater financial freedom for buyers.

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Development opportunities

Expand your real estate portfolio and secure that piece of land with a housing loan.

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Manageable investment expansion

Diversify your investments while maintaining your liquidity.

Requirements
<h2>Uses of Home Loan <span style="background: linear-gradient(76.66deg, #0357ff 10.45%, #ac30ff 54.85%); color: transparent; background-clip: text;">for a lot purchase</span></h2>

Things to know

Here are important things you should know if you plan on applying for a Metrobank Home Loan.

Eligibility criteria

  • Minimum age: 21 years old
  • Minimum income: PHP 40,000 or USD 1,000 (for OFWs)
  • 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 rates and fees

  • 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 total cost
  • Fees: 
    • Appraisal fee of PHP 4000 (Metro Manila) or PHP 4500 (countryside)
    • Title investigation fee of PHP 1000
    • Registration fee
    • 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.

Frequently asked questions

Can I use a Metrobank Home Loan to purchase land?

Yes. Metrobank offers home loan options for lot purchases, allowing you to finance the acquisition of land for future use or development. The loan can cover up to 80% of the property's value, subject to credit evaluation.

How do I use the Metrobank lot loan calculator?

Simply input your desired loan amount, preferred term, and fixing period into the lot loan calculator to get an estimate of your monthly payments. Note that the final computation will be determined once your application has been fully evaluated.

How much of the lot’s value can I loan?

Your Home Loan can cover up to 80% of the property's value.

How long is the interest fixing period?

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

What happens after the fixing period?

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

How can I pay for my monthly amortization?

You can pay for the monthly amortization via Auto Debit Arrangement (ADA) from your Metrobank deposit account.

<h2>Things <span style="background: linear-gradient(76.66deg, #0357ff 10.45%, #ac30ff 54.85%); color: transparent; background-clip: text;">to know</span></h2>

Start investing in
real estate

Lay the foundation for your dream home. Purchase your lot with a Metrobank Home Loan and build your future.

<h2>Start investing <span style="background: linear-gradient(76.66deg, #0357ff 10.45%, #ac30ff 54.85%); color: transparent; background-clip: text;">in real estate</span></h2>

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