Metrobank Loan Requirements
Required Gross Monthly Income: Monthly amortization is 30% of GMI or has minimum cash surplus of P10,000 to 20,000
(M.A. / .3 = required gross income)
Note:
* Bank approval 10-15 days with complete requirements
METROBANK REQUIREMENTS
Standard Requirements:
- Valid id’s (preferably gov’t issued id’s)
- Marriage contract (if married)
- 3 to 6 mos. other bank statements
If source of income derived from employment:
- Certificate of employment/contract (latest)
- Income tax return (latest)
For OFW:
- Previous copy of contract (photocopy or original)
- Latest contract (with email add and tel. no. of employer) (original)
- 6 mos. proof of remittance (bank soa/ passbook)
- 3 mos. payslips (original)
If source of income derived from business:
- Business permit (latest)
- DTI
- Income tax return/ audited financial statements (latest)
- Lists of 3 major supplier and 3 major customer with contacts nos. and contact persons
For appraisal purposes:
- Copy of certificate of Title – if available
- Tax declaration (land and bldg.) – if available
- Tax clearance or real estate tax payment – if available
- Reservation agreement – if title is not yet transferred