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This worksheet is for estimating purpose only. To help you estimate the loan amount you may qualify for, please complete this work sheet. Metrobank will consider your disposable income, stability of employment and credit worthiness.
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Example
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Your Figures
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Gross Monthly Income
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$
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6,000
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$
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Guideline Percentage
(Fixed expense to income percentage varies according to income)
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X
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0.50
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X
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0.40
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Maximum Monthly Fixed Expense Allowed
(including monthly housing payment)
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$
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3,000
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$
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Fixed Expense Includes:
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.. Monthly Mortgage/Rent
.. Auto Loan
.. Other Installment Loan
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$
+ $
+ $
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1,400
500
200
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$
+ $
+ $
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.. Revolving Monthly Payment
..... Credit card 1 $3,000
..... Credit card 1 $3,000
..... Total Revolving $6,000 -> $6,000 x 0.05 = $300
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+ $
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300
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+ $
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Total Monthly Fixed Expense
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$
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2,400
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$
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Total Allowable Monthly Fixed Expense
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$
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3,000
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$
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Less Total Monthly Fixed Expense
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- $
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2,400
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- $
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Monthly Installment Loan Payment For Which You May Qualify
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$
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600
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$
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BUT, in no case greater than a total loan amount of $10,000 or two months gross monthly income, whichever is lower.
For loan application, you may contact us via email at loans [at] metrobankny [dot] com or via phone at (800) 863-8762.
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Banking Hours:
Mon-Fri : 9am to 3pm
Saturday : Close
Cutoff Time:
Banking: 3PM
Remittance: 3PM
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