Promo Mechanics
What are the mechanics
Promo Eligibility
- All applications received from June 1 to September 30, 2022 and booked up to December 29, 2022 shall enjoy a partial/total fee waiver, low rate (for 1 year fixing period) and pre-qualified Metrobank Credit Card.
- Minimum loan term of 5 years (60 months).
- Minimum loan amount of P1,000,000.00 for all loan purposes.
- For construction loans:
- The first tranche must be released on or before the end of the promo booking period to avail of the fee waiver and special interest rate offer
- The total waiver must not exceed P60,000.00
- Waived fees, special interest rates, and pre-qualified credit cards can be availed separately.
Promo Offer
-
Waived Fees up to P60,000.00 (inclusive of Mortgage Registration Fees, Documentary Stamp Tax and Notarial Fee).
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Special Interest Rate:
| Rate Fixing Period | Promo Rate |
|---|---|
| 1 year | 4.88% per annum |
* Prevailing board rates shall apply for other fixing periods
- Pre-qualified Metrobank Credit Card options:
- Metrobank Rewards Plus Visa
- Metrobank Cashback Visa
- Metrobank Platinum Mastercard
The client shall enjoy existing perks and privileges plus a welcome gift offer for first-time Metrobank credit cardholders only. Visit https://www.metrobank.com.ph/promos/choose-your-reward-acquisition-promo or https://www.metrobank.com.ph/promos/waived-annual-fee-for-life for more details.
Clients with existing Metrobank credit cards shall not qualify for the welcome gift offer.
- The loan availed under this promo is subject to a lock-in period of 60 months (5 years) from date of booking.
- During the lock-in period, the client:
a. Shall not partially pay/pre-terminate/fully pay the loan.
b. Shall not request for amendment of the originally approved terms and conditions, such as change in rate or loan term. - In case of violation of any of the above conditions regardless of the timing in relation to the term of the loan, the client shall reimburse the Bank of the total waived fees and rate difference between the board interest rate at the time of loan booking and the promo rate.
- All other loan related fees, such as but not limited to appraisal fee, title investigation fee, handling fee and insurance premiums, are not eligible for the waived fees offer and shall be shouldered by the client.
- The promo is non-transferrable and may not be availed in conjunction with other on-going promotional activities or other special considerations.
- The Bank must be advised in writing, if client opts to avail of other on-going promotional activities or other special considerations.
- The pre-qualified credit card may only be availed by individual loan borrowers.
- The pre-qualified credit card may be offered to either principal loan borrower or co-borrower as principal credit cardholder but cannot be both. The other loan borrower may apply as supplementary card credit cardholder.
- All pre-qualified Metrobank credit card applications shall be subject to Metrobank’s final approval.
- All pre-qualified Metrobank credit card applications shall undergo standard credit evaluation. Pre-qualification means that Client has met the basic eligibility requirements.
- Standard Metrobank Home Loan and Metrobank Credit Card Terms and Conditions shall apply.
- Any amendment in the terms and conditions is subject to DTI approval.
- Metrobank is regulated by the Bangko Sentral ng Pilipinas with telephone number: (+632) 8811-1277 (8811-1BSP) and email address at consumeraffairs@bsp.gov.ph.
For any questions or clarifications on the promo or concerns with regards to Metrobank Home Loan, customers may contact Metrobank Contact Center at (02) 88-700-700 or domestic toll-free 1-800-1888-5775, Mondays to Fridays, from 8:30 AM to 5:30 PM, or send an email to customercare@metrobank.com.ph.
Per DTI Fair Trade Permit No. FTEB-143457, Series of 2022.
