Filipino borrowers continue to prefer sports utility vehicles and house-and-lot properties when taking out major consumer loans, Metrobank said, reflecting demand for practical, family-oriented purchases.
The bank said home loan applicants still favor house-and-lot developments over condominiums and townhouses, underscoring the continued importance of land ownership and larger living spaces for Filipino families.
The preference comes despite the rise of vertical residential projects in urban areas. Metrobank said demand for horizontal housing remains strong, particularly in suburban locations that offer bigger homes and community-style living.
In vehicle financing, SUVs remain the most popular choice among borrowers, overtaking sedans due to their seating capacity and versatility for family use.
SUVs, pickups and vans continue to account for a large share of Philippine vehicle sales as buyers prioritize space, flexibility and durability.
Metrobank said such choices reflect how Filipino households approach major purchases, often weighing long-term needs such as savings, healthcare and rising household expenses.
The bank has relaunched its Goals Made Real promo, which runs until May 29, 2026. Qualified borrowers may receive low interest rates, waived fees of up to 60,000 pesos, and free one-year AXA car insurance for car loan applicants.
Applications must be approved and booked by July 31, 2026, Metrobank said.
Cebu Business News
