The 2024 Goals Made Real Promo (“Promo”) is open to all qualified clients who will submit complete Car Loan application documents from March 15 to May 15, 2024 (“Promo Acceptance Period").
To qualify for the promo, clients’ car loan applications should be approved and subsequently booked1 by July 15, 2024 (“Promo Booking Period”).
1A Car Loan application shall be considered “booked” upon (1) submission of complete documents required from the Dealer; and if applicable, (2) registration of Chattel Mortgage in the Registry of Deeds and submission of Certificate of Registration encumbered in favor of the Bank as stated in the Notice of Approval.
Qualified clients shall enjoy the following offers:
a. Free 1st year Car Insurance up to PHP 50,000 (for 60-month term only)
b. Waived Fees of up to PHP 10,000
c. Low interest rate
d. Pre-qualification to a Metrobank Toyota Mastercard
Eligibility criteria as follows:
Free 1st year Car Insurance
Waived Fees
Low Interest Rates
Term in Months | In Arrears | One Month Advance (OMA) |
---|---|---|
36 | 9.18% | 8.70% |
48 | 9.27% | 8.89% |
60 | 9.43% | 9.11% |
*Nominal Rates may vary depending on dealer fees.
Pre-Qualified2 Toyota Mastercard Offer
2Pre-qualification means that client has met the basic eligibility requirements of Metrobank.
Promo Lock-in conditions:
The loan availed under this promo is subject to a lock-in period equivalent to the entire term of the loan.
During the lock-in period, the client:
a. Shall not request for amendment of the originally approved interest rate and loan term.
b. Shall pay the loan amortizations on time and maintain the account in current status throughout the entire loan term.
c. Shall not sell, mortgage, dispose or convert to public utility the vehicle acquired under the promo while the loan is outstanding.
Client availing the free insurance offer shall renew their AXA Car Insurance coverage for the entire duration of the loan through annual lock-in payment option.
In case of violation of any of the above conditions regardless of the timing in relation to the term of the loan, Metrobank will charge the total Chattel Mortgage Registration Fee, Documentary Stamp Tax (DST), Notarial Fee, and free 1st year car insurance shouldered by the Bank.
To apply, go to: https://mcola.metrobank.com.ph/car-loan/apply-now
a. Processing fee for full payment of loan prior to maturity; plus
b. Chattel Mortgage Registration Fee, Documentary Stamp Tax (DST) and Notarial Fee shouldered by the Bank; plus
c. Car Insurance premium for the first year shouldered by the Bank.
Customer Support
For any questions or clarifications on the promo or concerns with regard to Metrobank Car Loan, customers may contact the Metrobank Contact Center at (02) 88-700-700 or domestic toll-free 1-800-1888-5775, Mondays to Fridays, from 8:30 AM to 5:30 PM, or send an email to customercare@metrobank.com.ph.
Disclaimer: You may receive updates regarding our promos because you previously expressed intent to apply for a Home or Car Loan through the Metrobank website.
DTI Fair Trade Permit No. FTEB-188778 Series of 2024