Metrobank personal loan Review | Is metrobank personal loan Legit?
Are you in need of a quick financial boost to cover emergencies or consolidate debt? Metrobank Personal Loan may be the answer. As one of the most trusted banks in the Philippines, Metrobank offers various loan products that cater to different needs and lifestyles.
But is it legit and worth your time and money? In this blog post, we will take a closer look at Metrobank Personal Loan review to help you make an informed decision before taking out any loans. So, let’s dive into it!
Who is Metrobank Personal Loan?
A personal loan from Metrobank can help you cover unexpected expenses or make a major purchase. But before you apply, it’s important to understand the terms of the loan and what you’ll need to qualify.
Here’s what you need to know about Metrobank personal loans:
What is a personal loan from Metrobank?
A personal loan from Metrobank is a fixed-term, fixed-rate loan that can be used for a variety of purposes, including home improvements, debt consolidation, and major purchases.
How much can I borrow with a Metrobank personal loan?
Metrobank offers personal loans ranging from ₱20,000 to ₱1 million. The exact amount you’re eligible to borrow will depend on your income, employment history, credit history, and other factors.
What are the interest rates and fees for a Metrobank personal loan?
Interest rates on Metrobank personal loans start at 1.39% per month. There is also a one-time processing fee of 2% of the loan amount. No collateral is required for a Metrobank personal loan.
What are the repayment terms for a Metrobank personal loan?
Repayment terms for Metrobank personal loans range from 12 to 36 months. You’ll make fixed monthly payments during the term of the loan, and there is no prepayment penalty if you pay off your loan early.
How does MetroBank Personal Loan Work?
When you apply for a Metrobank personal loan, you’ll need to provide some basic information about yourself and your finances. The bank will then use this information to determine whether or not you’re eligible for a loan and, if so, how much you’re eligible to borrow.
If you’re approved for a loan, you’ll be given a choice of repayment terms and interest rates. You’ll need to make sure that you can afford the monthly payments on your chosen repayment plan before signing any contracts.
Once you’ve signed your loan contract, the money will be deposited into your bank account within 1-2 business days. You’ll then have up to 60 days to repay the loan in full, with interest and any applicable fees.
How to Loan on MetroBank Personal Loan?
In order to loan on MetroBank Personal Loan, you will need to provide the following:
1. A completed and signed application form
2. Your most recent ID photo
3. An original Certificate of Employment indicating your monthly salary, length of service, and position held
4. Your latest proof of income such as ITR, bank statements for the past three months, or payslips for the past two months
5. A photocopy of any valid IDs
Is MetroBank Personal Loan Legit?
For those who are looking for a personal loan, they may have come across MetroBank. While MetroBank is a popular bank in the Philippines, you may be wondering if their personal loan is legitimate.
First, it’s important to note that MetroBank is a registered and licensed bank in the Philippines. They are also a member of the Bankers Association of the Philippines. So, you can rest assured that your money is safe with them.
As for their personal loan, it is indeed legitimate. You can use the loan for just about anything – from home improvements to financing a new business venture. The interest rate is also reasonable, making it a good option for those who are looking for a personal loan.
Thanks so much for reading this article till the end, that’s all for the metrobank personal loan Legit, if there is more you want to add to this review, feel free to comment down below.