As parols go up and Christmas lights brighten homes, the holiday season offers a timely opportunity to think about energy use and improvements that can benefit households long after the celebrations end.
For homeowners looking to reduce their energy consumption cost, installing solar panels may be worth considering to lower electricity bills over time. However, making the switch requires an upfront investment in equipment and installation. Metrobank’s Home Equity Loan offers eligible homeowners a way to finance this upgrade using the value of their existing residential property.
Put your property’s value to work
Metrobank’s Home Equity Loan allows eligible borrowers to access up to 70% of their property’s value, with payment terms of up to 10 years. This provides a financing option for homeowners who want to install solar panels without drawing entirely from their savings.
According to Metrobank, homeownership is one of the biggest investments many Filipinos will make, and over time, that investment can open new opportunities. A home equity loan allows homeowners to put the value they have built in their property to work, including improvements that can deliver long-term benefits—and Metrobank’s goal is to help customers achieve their aspirations while making sound financial decisions.
Plan for the costs and potential savings
Before investing in solar panels, homeowners should assess their household’s electricity usage and their property’s suitability for installation. Equipment, installation and maintenance costs, expected electricity generation, and the estimated time needed to recover the investment should all inform the decision.
Potential savings will vary depending on the system’s capacity, household consumption patterns, and site conditions. Working with a qualified solar provider can help homeowners determine an appropriate setup and understand its expected performance.
Financing also requires careful consideration. Borrowers should review interest rates, fees, total borrowing costs, and the repayment schedule to ensure monthly payments fit their household budget alongside regular expenses and other commitments.
Applicants for Metrobank’s Home Equity Loan must submit an application form, identification, income documents, and collateral documents. Loan approval and the amount granted are subject to eligibility, property appraisal, and applicable terms.
Invest beyond the season
While holiday decorations bring a seasonal glow, a well-planned solar installation can support a household’s energy needs for years to come.
For homeowners ready to switch and have an energy efficient home, Metrobank’s Home Equity Loan can help turn their property’s value into a practical home improvement. Visit metrobank.com.ph or inquire at the nearest Metrobank branch to learn more.
ABOUT METROBANK
Metrobank is the country’s second largest private universal bank in terms of assets that empowers both retail and business clients with customized financial products and services fit to help reach their goals and full potential. To know more and get the latest on Metrobank, visit our website, https://www.metrobank.com.ph/home and follow our official social media pages on Facebook, X, Instagram, and Tiktok.
Karina is not your ordinary supermom. She juggles her time bonding with her three amazing kids while being in the loop on the latest happenings in the tech and lifestyle scene. Follow me on Instagram (@digitalfilipina) regularly visit www.digitalfilipina.com for daily dose of updates not just for moms but for everyone!
