Metrobank launches home and auto loan promotion to celebrate 60th anniversary

LA Metropolitan Bank and Trust Co. (Metrobank) announced that it recently launched its 60th anniversary car and home loan promotion.

From August 16 to September 30, 2022, Metrobank is offering its all-time lowest auto and home loan rates and waiving fees up to 60,000 pesos as it celebrates its 60th anniversary,” the third-largest said. country’s bank in terms of total assets. statement.

“As we celebrate [our] 60th year, we are increasing our offerings for our customers,” said Ramon Jaime LV Del Rosario, Senior Vice President of Metrobank and Head of Consumer Affairs, quoted in the statement. “Now is the best time for everyone to take advantage of this opportunity to achieve their goals of owning their car and their home.”

The lender said the car loan carries a rate of 9.11% per annum for a term of 60 months while the home loan carries a fixed rate of 4.88% for 1 year.

The lender said once the loan is approved, the borrower will also pre-qualify for a Metrobank credit card, which can help pay “to accessorize your new car or furnish your new home.”

Metrobank’s consolidated assets stood at 2.7 trillion pesos at the end of June. Its total capital adequacy ratio (CAR) is 17.6% and the Common Equity Tier 1 (CET1) ratio is 16.8%.