We offer personalized services that fit your goals, preferences, and budget.

Personalized Services

Owning the car of your dreams should be easy when you can stretch your loan term to up to five years.

Manageable Payment Terms

We offer rates that are among the most competitive in the market.

Competitive Rates

Getting a new car can be a smooth journey when you have the right partner. Here’s why you should get a car loan from Metrobank.

Your dream car is within your reach

Metrobank can help you get the car of your dreams through a car loan. Here are the requirements you need to prepare to get a Metrobank Car Loan:

Ready to upgrade the way you travel?

**Car Loan Rates**

| Term | In Arrears Add-On Rate | In Arrears Effective Rate (p.a.) | One Month Advance (OMA) Add-On Rate | One Month Advance (OMA) 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% |

<bold>Rates are subject to change without prior notice.</bold>
 

Click [**here**](https://www.metrobank.com.ph/articles/loan-rates-and-fees
) to know more about consumer charges

**Factors considered in a Metrobank Car Loan evaluation:**

1. **Minimum age:** 18 years old
2. **Minimum income:** Gross monthly family income of PHP 40,000
3. **Employment:** Minimum of 2 years with current employer
4. **Self-employment:** Profitable business operation for the past 3 years
5. **Credit history:** Good credit history with no negative findings

Apply through our website at https://mcola.metrobank.com.ph/car-loan/apply-now.

Prepare these 3 basic requirements:

1. Metrobank Car Loan Application Form
2. Identification documents
3. Income documents


Check the complete list of requirements [**here**](https://www.metrobank.com.ph/help#FAQ-Car_Loan-What_are_the_application_requirements_for_a_Car_Loan
)

For further inquiries, you may also call the Metrobank Contact Center at (02) 88-700-700

**What can I finance with a Metrobank Car Loan?**

You can use a Metrobank Car Loan to finance the purchase of a brand-new vehicle.
 
 

**What is the minimum and maximum loanable term and loan amount for a Metrobank Car Loan?**
| Loanable Amount | Minimum Term | Maximum Term |
|:---:|:---:|:---:|
| 80% of car's net selling price | 12 months | 60 months |

**How will I pay for my monthly amortization?**

You can pay for your monthly amortization via an Auto Debit Arrangement (ADA) from your Metrobank deposit account.
 
 


Any more questions? View our full FAQs below.

When you're ready to take on bigger things, like an upgraded ride, we're here to help you with a car loan.