Filipinos working overseas often carry the weight of supporting families, investing in homes, or preparing for long-term stability.
That’s why access to trusted financial partners is essential. Metrobank offers different types of loans designed for Overseas Filipino Workers (OFWs), with flexible terms and the ability to apply even while abroad.
Explore the loan types, requirements, and practical application tips for OFWs who want to make the most of Metrobank’s lending programs.
Loan Types Available to OFWs
Metrobank has three main loan offerings for OFWs, each serving different needs:
| Loan Type | Typical Uses | Key Notes |
| Personal Loan | Tuition, medical bills, emergencies, travel, debt consolidation | Loan amounts up to ₱2 million; approval in as fast as 7 business days |
| Home Loan | Buying, building, or renovating property | Requires property documents; longer evaluation process |
| Auto Loan | Vehicle purchase | Requires vehicle quotation and standard income documents |
Whether you’re aiming to send your kids to school, renovate a family home, or buy a car, Metrobank provides options to match your financial goals.
Eligibility and Requirements for OFWs
To qualify, OFWs must prepare both identification and proof of income. Documents vary depending on your type of employment:
Basic Documents
- Valid government-issued ID
- Latest ID photo (1×1 or 2×2)
- Completed loan application form
- Signed Promissory Note & Disclosure Statement
Proof of Income
| OFW Type | Required Documents |
| Land-Based | Certificate of Employment with employer’s email |
| Sea-Based | Latest POEA contract |
| Self-Employed | 6 months bank statement + BIR Certificate of Registration |
Additional Proof
- 3 months’ payslips
- Latest Income Tax Return (if applicable)
- 6 months’ proof of remittances (bank Statement of Account or passbook)
Accuracy is critical—mismatched details between your COE, contract, or remittance records are common reasons for delays.
How OFWs Can Apply and Submit from Abroad
Applying while overseas is possible, but it requires preparation. Here are the main routes:
- Online Start (Personal Loan)
Metrobank allows online applications for personal loans. After you submit the form, expect a verification call. Processing can be completed in as fast as 7 business days.
- Applying Through a Representative
Many OFWs authorize a family member or trusted representative in the Philippines to handle submission. This requires a Special Power of Attorney (SPA), notarized and consularized at a Philippine Embassy or Consulate. Your representative must also present their own valid ID.
- Overseas Desks and Partner Remittance Centers
Metrobank coordinates with select overseas desks and remittance centers where you can start your application. Availability depends on your host country, so confirm with Metrobank before proceeding.
- Courier and Branch Submission
For some loan types, original signed forms may be required. These can be sent via courier to your chosen Metrobank branch, where your representative finalizes the application.
Loan Amounts, Timelines, and Practical Tips
- Loan Amounts: Borrow up to ₱2 million for personal loans. Home and auto loans vary depending on property or vehicle value.
- Terms: Flexible repayment periods of up to 36 months.
- Processing Time: Personal loans may be approved in as fast as 7 business days, while home and auto loans may take longer due to collateral evaluation.
Application Tips
- Prepare the SPA early to avoid embassy scheduling delays.
- Keep remittance records organized to prove financial consistency.
- Double-check that employment and contract details match across all documents.
- Contact a Metrobank branch directly to confirm any updated requirements, as procedures may vary.
Frequently Asked Questions
- Can I apply without going home to the Philippines?
Yes. You can authorize a representative with a consularized SPA, or apply online for certain loans. - How much can I borrow?
Personal loans go up to ₱2 million, while home and auto loans depend on collateral value and income evaluation. - How long does approval take?
Personal loans may take as fast as 7 business days. Other loan types take longer due to property or vehicle checks. - Where can I ask about overseas applications?
Contact Metrobank directly or visit their overseas desks and partner remittance centers if available in your host country.
Watch: Upto P1M Loanable Amount! No Hassle, 1 ID Lang(CC Holder): Metrobank Personal Loan
Pat reviews Metrobank’s personal loan offer, especially tailored for credit card holders.
He explains that the loan requires minimal documentation—just one valid government ID—and skips income verification for those with existing credit cards, relying instead on their credit score.
The loan features flexible payment terms up to 36 months, monthly add-on interest rates starting at 1.25%, and a maximum loanable amount of ₱1 million.
Pat demonstrates how to use Metrobank’s loan calculator to estimate monthly payments and annual percentage rates, comparing different loan tenures.
He also outlines eligibility criteria and walks viewers through the application process, noting Metrobank’s improved customer experience.
Final Thoughts
Metrobank’s OFW loans are designed to make financial access easier for Filipinos abroad. Whether you need cash for emergencies, plan to build your dream home, or want to buy a family car, these loans can bridge the gap while you’re working overseas. With the right preparation—especially in organizing documents and arranging a representative—applying from abroad can be smoother than you think.