Metrobank Auto Loan

Buying a new car, or refinancing your existing car loan? Metrobank Car Loan is your best option. Quick auto loan application process, flexible payment terms and low interest rates, you will definitely find the right one for you. Apply for Metrobank Auto Loan through eComparemo and let us handle everything.

Metrobank Auto Loan

Get The Cheapest Car Loan Rates With Metrobank Auto Loan. Flixible Payment Term, Fast And Easy Application Online! Apply Now!


Product Name:
Metrobank Auto Loan
Metrobank Auto Loan
Minimum Amount of Loan:
Maximum Amount of Loan:
Minimum Loan Tenure:
1 years
Maximum Loan Tenure:
5 years
Early Repayment:
Vehicle Insurance Included
Accepts Third Party Vehicle Insurance:
Accepts Third Party Credit Insurance:
Does Not Require Credit Insurance:
Payment Options:
Application Approval Time:
As fast as 1 day processing

Eligibility and Requirements

Age Range of Borrower:
21-65 years
Minimum Annual Income:
Employment Work Status
Employed - Private Sector for 2 years
Employed - Government for 2 years
Self - Employed for 3 years
Professional for 3 years
Employed - BPO for 2 years
Employed - OFW/Seafarer for 2 years
Applicant Must Have A Landline Phone at Home or Office:
Need to Open Linked Bank Account:
Guarantor Requirements:
Auto Loan Application in Metrobank requires No Guarantor
Collateral Requirements:

Vehicle Types and Loan Purpose

Eligible Vehicle Types:
Asian Utility Vehicle
Sports Utility vehicle
Passenger Van
Vehicle Loan Proceeds Can Be Used For:
Purchase of Brand New Car
Use Owned Vehicle as Collateral for Loan

Interest Rates Offered

Interest for Fixed Period Interest Rate Per Year: Effective Interest Rate Fixed Period:
Interest Rate for 1 Year 7.47%
Interest Rate for 1 1/2 Years 7.79%
Interest Rate for 2 Years 9.25%
Interest Rate for 3 Years 9.64%
Interest Rate for 4 Years 9.85%
Interest Rate for 5 Years 10.07%


What are the general requirements needed for Metrobank auto loan application?

  • Applicant must have a stable repayment source that can provide steady, regular and sufficient income to cover for the required monthly amortization of the loan, has the legal capacity to contract obligations, at least 21 years old and not exceed 65 years old upon loan maturity. If the applicant’s residence is rented, must have occupied the residence for at least 5 years and must have a landline. If the applicant is salaried, must be employed for at least 2 years as a permanent employee.

What are the required documents to apply for Metrobank car loan?


  • Signed car loan application form
  • Valid Government-issued ID
  • SIRV/I-Card/ACR (for Non-Filipino applicants)
  • Latest Income Tax Return (ITR)* or certificate of employment with details on salary, position, and length of service (with contact number of the company’s HR)


  • Signed car loan application form
  • Valid Government-issued ID
  • SIRV/I-Card/ACR (for non-Filipino applicants)
  • Other Bank’s Statements or Latest Income Tax Return (ITR)*
  • Audited Financial Statements
  • DTI Certificate of Registration of Business / Trade Name or Business Permit

*ITR needed only if total loans with Metrobank exceeds PHP 3 Million.

How much can I borrow from Metrobank?

  • Metrobank auto loan offers a minimum amount of PHP 250,000.00 and a maximum of 80% of the net selling price.
  • Note: Downpayment should be at least 20% of the net selling price.

What vehicle types are allowed for Metrobank Auto Loan?

Any brand new vehicle may be availed as long as it is not China-made. This includes:

  • Passenger Cars
  • Passenger Vans
  • Light Comm’l Vehicles
  • Sports Utility Vehicles
  • Asian Utility Vehicles

Note: Metrobank currently does not finance second-hand units.

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