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    Happy Holideals for home loan

    Enjoy low rates, waived fees, and more with our home loan offers

Promo Mechanics

What are the 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.

How to apply

  1. All home loan applications shall undergo the standard evaluation process of Metrobank, subject to submission and completion of required application documents.

  2. For Construction Loans, the first tranche must be released on or before the end of the Home Loan Booking Period to avail of the Waived Fees and Low Interest Rate.

  3. The client shall authorize the Bank to hold the release of original collateral documents, Deed of Cancellation/Release of Real Estate Mortgage, and other documents relative to the mortgaged property until maturity/full settlement of the loan and/or until any unpaid obligation is settled.

  4. Waived Fees and Low Interest Rate cannot be availed separately.

  5. In case of loan prepayment in the first 3 years, the following shall be charged to the client:

    a. Processing fee for full payment of loan prior to maturity; plus
    b. Full amount of the Mortgage Registration Fee, Documentary Stamp Tax (DST), and Notarial Fee previously waived by the Bank.

  6. The pre-qualified client may opt not to avail of the credit card.

  7. All pre-qualified Metrobank credit card applications are still subject to Metrobank’s standard credit evaluation and final approval.

  8. The offer is non-transferrable and cannot be converted to cash or be availed in conjunction with other Metrobank Home Loan promotions and/or offers. The Bank must be advised in writing if client opts to avail of other ongoing promotional activities or other special considerations.

  9. For items not mentioned in this Promo Mechanics, standard Metrobank Home Loan and Credit Card terms and conditions shall apply.

  10. Any amendment in the terms and conditions of this offer will be subject to the approval of the Department of Trade and Industry (DTI).

  11. In case of dispute, Metrobank’s decision shall be deemed final, in concurrence with DTI. These terms and conditions are subject to any relevant laws, government directives, and/or regulations. The promo shall be void if later on found to be prohibited or restricted by law or government regulations.

  12. By joining this promo, the client confirms that he/she has completely read, understood, and agreed to the Promo Mechanics and its terms and conditions.

  13. Metrobank is regulated by the Bangko Sentral ng Pilipinas (https://www.bsp.gov.ph/)

Customer Support

For any questions or clarifications on the promo or concerns with regard to Metrobank Home Loan, clients may contact the 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.

Disclaimer: You may receive updates regarding our promos because you previously expressed intent to apply for a Home or Car Loan through the Metrobank website.

DTI Fair Trade Permit No. FTEB-198929, Series of 2024.

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