Metrobank Car Loan 2026
By Aditya AmanPublished Sep 28, 2026Editorial PolicyLives in the Philippines and has driven nearly every Luzon expressway with his family.Metrobank Car Loan finances the purchase or reimbursement of brand-new vehicles for personal or business use by employed, self-employed and OFW borrowers.
- Interest rate, brand new
- 5.19% to 30.26% add-on, 12 to 60 months
- Monthly on ₱1,000,000
- ₱21,710 over 60 months, about 10.9% a year
- Down payment
- Minimum varies by vehicle type
- Loan term
- 12 to 60 months
- Loan amount
- ₱350,000
- Decision
- As fast as 3 business days
- Vehicles
- Brand new only, for purchase or reimbursement
Metrobank car loan calculator
Pick your car, down payment and term to see the monthly payment at Metrobank, the total interest, the one-time charges and what the car costs you in all, and how Metrobank compares with the cheapest bank for the same loan.
Example car, ₱1,250,000, 20% down, 60 months. Pick your car or type its price.
₱21,710a month
30.26% add-on for 60 months, about 10.9% a year
- Down payment
- ₱250,000
- Loan
- ₱1,000,000
- Total interest
- ₱302,600
- One-time charges
- ₱7,500
- What the car costs you
- ₱1,560,100
6 of 8 banks for this loan: ₱743 a month more than UnionBank.
Pay overMonthlyTotal interest
Shorter terms cost more a month and less in total. Tap a term to use it above.
Metrobank car loan rates by term
Metrobank charges an add-on rate: one figure on the full loan for the whole term, so the rate rises with the term.
| Car | 12 months | 18 months | 24 months | 36 months | 48 months | 60 months |
|---|---|---|---|---|---|---|
| Brand new | 5.19% | 7.61% | 10.74% | 16.90% | 23.55% | 30.26% |
| Monthly on ₱1,000,000, brand new | ₱87,658 | ₱59,783 | ₱46,142 | ₱32,472 | ₱25,740 | ₱21,710 |
Standard rates from Metrobank's rate table dated 5 June 2026. Brand new cars only. In-arrears rates.
Metrobank vs other banks
On the same ₱1,000,000 brand new car loan over 60 months, Metrobank costs ₱21,710 a month: ₱743 more than UnionBank, the lowest.
BankMore a month than the lowestMonthly
Metrobank Car Loan: features
- Maximum loan
- Up to 80% of the car's net selling price
- Vehicle use
- Personal or business
- Online applications
- Feedback within 24 hours of submitting the required documents
Who can get a Metrobank car loan
Metrobank's rules differ by how you earn. Pick yours.
- At least 18 years old
- Gross monthly family income of ₱40,000
- Good credit history with no negative findings
- At least 2 years with your current employer
- Profitable business operation for the past 3 years
Metrobank car loan requirements
Tick each document as you gather it, then print the list for your branch visit.
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How to apply for a Metrobank car loan
- Apply online, visit your nearest branch, or call the contact centerOpen Metrobank's form
- The online form takes individual applications only; submit the required documents to get feedback within 24 hours
Metrobank car loan fees and terms
What Metrobank charges beyond interest, and the rules after you sign. Your disclosure statement lists the full amount.
- Handling fee
- ₱2,000 (the bank's pages differ: ₱1,500 elsewhere)
- Notarial fee
- ₱400 per document or the actual quotation, whichever is higher (the bank's pages differ: ₱300 elsewhere)
- Documentary stamp tax
- ₱1.50 for every ₱200 or part of it
- Appraisal fee
- ₱500 for reimbursements and units from non-authorized dealers or the gray market
- Car history fee
- ₱750 for deed of sale or reimbursement transactions
- Security interest registration fee
- Quoted by the Registry of Deeds
- Late payment
- 5% a month
- Prepayment processing fee
- ₱7,500 on the consumer loan fee schedule, which does not say whether it applies to car loans
- Late insurance documents
- ₱3,000 if submitted more than 30 days after the policy anniversary date
- Insurance
- Comprehensive motor insurance with Acts of Nature cover, renewed every year until the loan is paid
- Payment method
- Auto-debit from a Metrobank deposit account
Metrobank car loan promos
- Car Goals Made Real 2026
Rates as low as 8.23% per annum on qualifying car loans; the low rate and any fee waivers cannot be combined.
Metrobank car loan hotline and contact
- Contact center
- (02) 88-700-700
- Domestic toll-free (PLDT)
- 1-800-1888-5775
- customercare@metrobank.com.ph
- Car loan collections
- (02) 88-700-944, Monday to Friday, 8:30 am to 5:00 pm
- Collections email
- carloancollections@metrobankcard.com
Metrobank car loan questions
What is the Metrobank car loan interest rate?
Metrobank's brand new car loan rates run from 5.19% to 30.26% add-on, for 12 to 60 months. On ₱1,000,000 over 60 months that is ₱21,710 a month.
How much is the down payment for a Metrobank car loan?
Minimum varies by vehicle type.
How long is Metrobank car loan approval?
As fast as 3 business days, once your documents are complete.
What are the requirements for a Metrobank car loan?
Filled-out and signed Metrobank Car Loan application form; One valid government-issued ID, preferably a passport.
How long does it take to get approved for a car loan from Metrobank?
Metrobank processes brand-new car loans in as fast as 3 business days, and online applicants get feedback within 24 hours of submitting complete documents.
What are the current car loan rates at Metrobank?
Metrobank's add-on rates for a brand-new car run from 5.19% at 12 months to 30.26% at 60 months, quoted as one add-on figure for the whole term. A September 2026 promo, Car Goals Made Real, advertises rates as low as 8.23% per annum for qualifying borrowers.
What are the requirements to qualify for a Metrobank loan?
You must be at least 18 years old with a gross monthly family income of ₱40,000 and a clean credit history. Salaried applicants need at least 2 years with their current employer, and self-employed applicants need 3 profitable years in business.
How can I check my Metrobank loan status?
Metrobank does not offer a self-service online tracker for car loans; call the contact center at (02) 88-700-700, or the Car Loan Collections line at (02) 88-700-944 for status questions.
Compare before you apply
Answer 5 questions to see the three car loans that fit you best, or check the requirements at every bank.
