PRODUCT REVIEW OF METROBANK CAR LOAN
Public Notice – Disclaimer: We currently do not partner with Metrobank and details about Metrobank herein are solely for information purposes only. For other loan provider alternatives, check out below. For partnership concerns, click here
If you are looking specifically for Metrobank Car Loan, please visit their website at www.metrobank.com.ph or contact them at (02) 8700-700 Thank you.
Metrobank car loan can be availed offor as long as you are at least 21 years old but not more than 65 when loan matures and you have a stable source of income to repay the monthly amortization. Additionally, if you are currently rentingyour place, make sure you have been staying there for at least 5 years. If you are presently employed, the minimum work tenure is 2 years. Metrobank does not finance second hand cars, only brand new vehicles that are not made from China. They allow financing of passenger cars and vans, light commercial vehicles, sports utility vehicles and Asian utility vehicles.
Auto loan from Metrobank can be repaid for 12 months to 60 months. You can loan a minimum of Php 250,000 and maximum of 80% of the car’s net selling price. The loan is repaid in arrears and uniform monthly payments through auto debit arrangement and post dated checks. You can use a car loan calculator to have an idea how much you would be paying for monthly amortization.
EXPLORING OTHER CAR LOAN OPTIONS
If you are seriously considering buying a new car and getting an auto loan, you should shop around and explore your options. This puts you at the winning end for you can sign a more attractive deal. Remember, you would be paying for the loan in years. Metrobank’s car loan is available only for brand new cars, which limits your choices. Many pre-owned cars are still in good working condition and are more affordable. Other banks offer loans for used cars. Checking other companies’ loan offers could be such a great help. To make things easier, why not let Loansolutions facilitate the loan.
Loansolutions.phis a matching site that connects borrowers and legit lenders. We work with major Philippine banks and credit companies. So many loan products are offered out there, but not all borrowers are aware of these loan offers. We are here to bridge the gap and serve as the link between those who need loans and those who offer them. By submitting your car loan application at our site, you can get access to as many car loans. We will match you with the right auto loan based on your profile and the criteria set by our partner lender.
With Loansolutions PH, getting a vehicle loan is fast and hassle-free. You don’t have to go from one bank to another, just fill out our application form and we will be the one to pre-qualify you. We will assign one of our representatives to assist you until you get the loan. Owning your dream car is a few steps away because we are here to guide you all the way.