SPORTS utility vehicles (SUVs) and house-and-lot properties are the most preferred loan choices among Filipinos, according to Metrobank.
“Housing continues to be one of the most important long-term financial goals for Filipino households,” the financial conglomerate said, noting that demand for house-and-lot properties remain stronger than for condominiums and townhouses, despite the continued rise of vertical living in urban centers.
The appeal of horizontal housing developments is due to the more spacious, community-oriented environments offered particularly in suburban areas, Metrobank said.
A similar pattern is evident in the automotive sector, where SUVs have overtaken sedans as the most popular vehicle type among borrowers, Metrobank pointed out, saying that larger seating capacity and versatility have made SUVs a practical choice for families who go on daily commuting and longer trips.
The dominance of SUVs is mirrored in the broader vehicle financing market, where commercial vehicles — including pickups and vans — account for majority of sales. Buyers are prioritizing space, durability and flexibility, reflecting evolving transportation needs amid changing lifestyles, Metrobank said.
“Large purchases such as homes and vehicles are often evaluated collectively within families, with careful consideration given to long-term financial priorities including emergency savings, healthcare needs, and rising household expenses,” Metrobank explained.
To support these goals, the bank has been rolling out financing solutions, such as the relaunched “Goals Made Real” promo, which runs until May 29, offering borrowers lower interest rates.
Qualified applicants may also benefit from waived fees of up to P60,000.
Car loan borrowers are likewise entitled to a free one-year AXA car insurance policy. Applications must be approved and booked on or before July 31.
