Fixing Period | New Booking Rates Effective Rate (p.a.) |
---|---|
1- year | 7.00% |
2-year | 7.25% |
3-year | 7.75% |
4-year | 8.00% |
5-year | 8.25% |
* 1.00% shall be added for Personal Consumption
Rates are subject to change without prior notice
Note: Effective booking rates apply to newly booked loans only. For repricing rates, please contact your branch of account.
Update as of 1 January 2024
In Arrears | One Month Advance (OMA) | |||
---|---|---|---|---|
Term | Add-on Rate | Effective rate (p.a.) | Add-on Rate | Effective rate (p.a.) |
12-months | 4.63% | 8.44% | 3.98% | 7.27% |
18-months | 6.99% | 8.65% | 6.28% | 7.79% |
24-months | 11.02% | 10.25% | 10.17% | 9.48% |
36-months | 17.33% | 10.69% | 16.36% | 10.12% |
48-months | 23.55% | 10.78% | 22.50% | 10.33% |
60-months | 29.51% | 10.68% | 28.41% | 10.31% |
Rates are subject to change without prior notice
Update as of 1 January 2024
1. Appraisal Fee a. Metrobank Home Loans • First Appraisal |
|
• In Town | PHP 4,000 |
• Out of Town | PHP 4,500 |
• Re-appraisal | PHP 2,000 |
• House Construction Re-inspection Fee | PHP 700 per visit |
b. Metrobank Car Loans (Deed of Sale/Reimbursement transactions) | PHP 500 |
2. Title Verification/Title Investigation and Verification (TV/TIV) Fee a. First Verification |
|
• In Town | PHP 1,000 |
• Out of Town | PHP 1,000 |
• Re-Verification | PHP 500 |
3. Car History Fee (Deed of Sale/Reimbursement transactions) | PHP 750 |
4. Documentation and Certification Fee: • OR/CR Certification • TCT/CCT Certification • Certified True Copies of Loan and Collateral Documents • Certificate/s of Full Payment for Closed Accounts • Certificate/s of Outstanding Balance • Loan Payment History (Charged per year/product/request) • Certificate/s of Interest/s Paid (Charged per year/product/request) • Statement/s of Account for Full Payment |
PHP 300.00 per copy |
5. Documentary Stamp Tax for Promissory Notes | PHP 1.50 for every PHP 200 or fractional part thereof |
6. Handling Fee | |
• Metrobank Car Loan | PHP 2,000 |
• Metrobank Home Loan | PHP 5,000 |
7. Late Penalty Charges | |
• Metrobank Car Loan | 5% per month |
• Metrobank Home Loan | 3% per month |
8. Fee on Late submission/non-submission of insurance policy renewal documents beyond 30 days |
PHP 2,500 |
9. Notarial Fee | PHP 300 per document |
10. Processing Fee: Amendment of loan details • Change in interest rate and rate-fixing period • Change in due date • Term reduction • Acceptance of higher monthly amortization 11. Processing Fee: Changes in mode of payment • Auto Debit arrangement (ADA) to Post Dated Check (PDC) • Metrobank PDC to Other bank's PDC 12. Processing Fee: Insurance-related requests • Endorsement of insurance • Full/Partial waiver of insurance coverage • Reduction of insurance coverage • Cancellation of assignment for endorsed insurances • Change of insured person for Mortgage Redemption Insurance (MRI) • Partial withdrawal of funds from an endorsed investment-linked insurance policy • Partial release of insurance policy • Change in mode of payment of insurance premiums 13. Processing Fee: Collateral-related requests • Partial release of collateral • Change of collateral • Change of registered owner • Substitution of collateral • Subdivision of collateral |
PHP 5,000 |
14. Processing Fee for full payment of loan prior to maturity | PHP 5,000 |
15. Processing Fee for loan takeout/refinancing | PHP 15,000 |
16. Registration Fee | Subject to quotation from Register of Deeds |
17. Reissuance of Cancellation of Mortgage | PHP 800 |
16. Safekeeping Fee for unclaimed loan documents | PHP 1,000 after the first three months, PHP 500 for every succeeding month or a fraction thereof |
[1] Clients shall be charged for each title.