Rates and Fees Consumer Loans

Home and Car Loan Rates and Fees

Home Loan Rates

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


Car Loan Rates

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


Consumer Loan Charges

Particulars
Amount/Charges
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.