Promo Mechanics

1. The 2024 Happy Holideals Promo (“Promo”) is open to all qualified clients who will submit complete Home Loan application documents from August 1, 2024 to October 31, 2024 (“Promo Period”).

2. To qualify for the promo, clients’ Home Loan applications must be approved and subsequently booked on or before December 27, 2024 (“Home Loan Booking Period”).

3. Qualified clients shall enjoy the following offers:

   a. Waived fees up to PHP 100,000;
   b. Low interest rate; and
   c. Pre-qualification for a Metrobank credit card.

4. Eligibility criteria are as follows:

   • Applicable to all Home Loan purposes;
   • Loan term should be at least 5 years; and
   • Loan amount should be at least PHP 1,000,000.

   Waived Fees

5. Waived fees up to PHP 100,000 are limited only to: (1) Mortgage Registration Fees; (2) Documentary Stamp Tax (DST); and (3) Notarial Fee. The maximum fee waiver will depend on the amount of the loan and the actual cost of the aforementioned inclusions, which waived fees shall not exceed, as follows:

   Loan Amount	Waived Fees (capped at)
   PHP 1,000,000.00 to PHP 1,999,999.99	PHP 10,000.00
   PHP 2,000,000.00 to PHP 2,999,999.99	PHP 20,000.00
   PHP 3,000,000.00 to PHP 3,999,999.99	PHP 30,000.00
   PHP 4,000,000.00 to PHP 4,999,999.99	PHP 40,000.00
   PHP 5,000,000.00 to PHP 5,999,999.99	PHP 50,000.00
   PHP 6,000,000.00 to PHP 6,999,999.99	PHP 60,000.00
   PHP 7,000,000.00 to PHP 7,999,999.99	PHP 70,000.00
   PHP 8,000,000.00 to PHP 8,999,999.99	PHP 80,000.00
   PHP 9,000,000.00 to PHP 9,999,999.99	PHP 90,000.00
   PHP 10,000,000.00 and up	PHP 100,000.00

   The waiver of bank fees shall be applied in this order of priority:
   1st – Mortgage Registration Fees;
   2nd – Documentary Stamp Tax; and
   3rd – Notarial Fee.

6. Fees beyond the cap or those outside of the aforementioned inclusions, such as, but not limited to appraisal fee, title investigation fee, handling fee, and insurance premiums, are not covered by the waived fees offer, and shall be shouldered by the client.

   Low Interest Rate

7. Qualified clients shall enjoy:

   Rate Fixing Period in Years	Promo Rate
   3	6.88% p.a.
   5	6.75% p.a.
   7	7.00% p.a.

   *1% shall be added for Personal Consumption Loan

   Pre-Qualification¹ for Credit Card Offer:

8. Only individual loan borrowers may pre-qualify for a credit card.

9. Either the principal loan borrower or the co-borrower may pre-qualify for a credit card, as principal credit card holder. The other loan borrower may however apply as supplementary credit card holder.

   ¹Pre-qualification means that client has met the basic eligibility requirements. Issuance of credit card is still subject to review and approval of Metrobank.

   Promo Lock-in conditions:

10. The loan availed under this promo is subject to a lock-in period of 3 years.

11. During the lock-in period, the client:

    a. Shall not request for amendment of the originally approved interest rate, rate fixing period, loan term, and other terms and conditions;
    b. Shall pay the loan amortizations on time and maintain the account in current status throughout the entire loan term; and
    c. Shall not sell, mortgage, or dispose of the property mortgaged while the loan is outstanding.

12. In case any of the above conditions are violated, within the term of the loan, Metrobank will charge back to the client the total fees previously waived by the Bank, which are limited only to: (1) Mortgage Registration Fee; (2) Documentary Stamp Tax (DST); and (3) Notarial Fee.

Access application form below: