Choose a country
Philippines
Select a city
Select a city
Additional Information
English (PH)
Select country
Choose a country
Philippines
Canada
España
México
Philippines
United States
Việt nam
Казахстан

Metrobank auto loan for december 2022 in the Philippines

Metrobank
Get an auto loan at Metrobank. On 03.12.2022 there are 1 options are available to you. Increase your chances of getting a loan - fill out an online application with a free credit rating check.

Offers: 1

Updated:
18.10.2022
12:15
Car Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Submit your loan application online
Submit your loan application online

Take advantage of our auto loan selection system with a free credit check!

Metrobank auto loan calculator in the Philippines

The best auto loan calculator
Auto loan amount
i

Specify the desired loan amount

PHP
PHP
50000 ₱
5000000 ₱
Auto loan amount
i

Auto loan amount

PHP
PHP
50000 ₱
5000000 ₱
Down payment
i

Specify the percentage of the down payment

%
0
90
Your loan amount
Loan term
i

Specify the loan term for the calculation

months
days
3
120
Annual interest rate
i

Choose the interest rate on the loan

1 %
50 %
Type of payments
i

Specify the type of payment for calculating

Auto loan application in the Philippines

Auto loan amount
i

Specify the desired loan amount

50000 ₱
5000000 ₱
Auto loan term
i

Specify the loan term for the calculation

1
120
Auto loan applicationAuto loan applicationAuto loan applicationAuto loan applicationAuto loan application
Your data is securely protectd
Loan amount
0 ₱
Loan term
0 month
Loan comission
19 497
More

Other types of auto loans

How to get an auto loan

Fill out your application
Fill out your application

On our website you can fill out a short application form for a loan.

Pass a credit check
Pass a credit check

We will offer you to check your credit score online for free.

Send your application online to the suggested companies
Send your application online to the suggested companies

After checking your credit rate, you will be able to send your loan application to the appropriate companies.

Wait for a response from the lender
Wait for a response from the lender

If necessary, the lender will contact you to clarify the details.

Get your loan!
Get your loan!

Get the money to your bank account, digital wallet or in cash.

Apply for a loan Your data is securely protected

BillEase
5
Albert T
Albert T
02.12.2022 at 09:25
The best interest – lower than other companies. I've been using Billease for 2 years, and want to say thanks. You may use it with no fear to pay for you smartphone or smth.
Review
TALA
2.6
Allan P
Allan P
01.12.2022 at 09:55
With Tala I forget about banks and offices. Everything is in mobile, I could control my money and loan. Choose limit. I just needed driving license and phone number to register account...
Review
BillEase
4.2
Marvin T
Marvin T
27.11.2022 at 13:25
Billease is for you when you need to buy a new gudget but can't afford it, you may pay by parts. And I don't even need a credit card...
Review
TALA
3.2
Joan T
Joan T
24.11.2022 at 19:07
Tala is an option if you need cash quickly. I urgently borrow money I needed. Downloaded the app, apply and it take 5 min to get my cash. App is essy, interface is comfy.
Review
BillEase
4.2
Evelyn M
Evelyn M
22.11.2022 at 10:10
Fast approval and great app. It is easy even for me and I'm not good with technology. I apply, approved and get my Php 2000 in 30 minutes.
Review
BillEase
3.2
Erwin P
Erwin P
17.11.2022 at 13:05
I decided to get a second loan, bigger one. But it takes me ages to apply. They already had my info and acc. Why so long? My sis says its the best lender… I dont know.
Review
Metrobank auto loan for december 2022

Getting a new automobile could be easy if you have the appropriate partner, which is where Metrobank comes in. Some of the reasons you should get a car loan from Metrobank are that they offer personalized services that correspond to your goals, priorities, and budget, that you can extend your repayment period to up to five years (the maximum loan term offered by the bank), and that the rates on this loan are among the most competitive in the sector.

How to apply for a Metrobank auto loan?

To apply for a Metrobank auto loan, follow the steps below:

  1. Visit the bank’s official website.

  2. Highlight your mouse to Upgrade, and click on Car loan under Loans.

  3. Scroll down a bit and click on Apply now.

  4. Click on Access your readiness and select if you are a Filipino or a foreign national.

  5. Click on the forward arrow and type in your date of birth.

  6. Select the car of your choice and click on the forward arrow when satisfied.

  7. Use the loan calculator to see what the terms of your loan might be like. Click on the forward arrow to access the application page when done.

  8. Your loan qualification and vehicle type have been filled out already. Scroll down to fill in your personal details.

  9. Go through the terms and conditions and tick the box if you agree.

  10. Enter the CAPTCHA text and click on Proceed when done.

  11. Follow the subsequent steps to complete your application.

Requirements for Metrobank auto loan

When a borrower knows all the requirements, applying for a loan becomes easy. Some of the essential requirements and qualifying criteria that every borrower must meet before applying for a Metrobank car loan are listed below.

Eligibility

  • Be between the ages of 21 and 65 upon loan maturity.
  • Be a Filipino citizen, a foreigner who has lived in the Philippines for at least 12 months, or a foreigner who is co-creating with a Filipino.
  • Be a salaried employee or self-employed.
  • Be a locally employed individual with regular or continuous status at the moment of application.
  • Have a monthly gross income of at least ₱40,000.

Documentary requirements

  • Valid government-issued identification.
  • Latest income tax return or proof of employment with pay, job, and duration of service data (including an HR contact number).
  • An official receipt for SIRV/I-Card/ACR (for non-Filipino applicants).
  • Financial statements/bank statements (for businesses).
  • COEC with an employer email address for land-based OFWs or current POEA contract for sea-based OFWs exclusively.

Pros and cons of Metrobank auto loan

Before applying for this loan, it’s safe to weigh in on these honest benefits and drawbacks.

Pros

  • The loan application can be started and completed online.
  • The loan application status can be tracked online.

Cons

  • The loan does not finance used cars.
  • The loan does not also finance Chinese-made cars.

How to repay the Metrobank auto loan?

It is critical to pay your monthly installment on time. You can pay by Auto-Debit Arrangement (ADA), which authorizes the bank to debit the charge from your account. Ensure that your account has enough cash each billing period. You can also pay back via Post-Dated Checks (PDCs). Check that the check does not bounce, as this is cause for legal action. Be careful with your loan to prevent fines and losing your new car.

FAQ

What is the Metrobank car loan amount?

When applying for a loan, it is critical to understand how much you can borrow. Metrobank vehicle loans allow you to borrow between ₱250,000 to 80% of the car's net selling price. It is preferable to put down as much money as possible. This way, you can borrow less money for a shorter period.

What are the fees associated with a Metrobank car loan?

Handling costs, OSA (outside service area) fees (if applicable), notarial fees, annotation fees, encumbrance fees, register of deeds fees, and document stamp fees are all may be charged. Contact a Metrobank representative and ask them to provide you with a more detailed payment breakdown.