Filipino borrowers continue to favor practical, family-oriented purchases with sports utility vehicles (SUVs) remaining as the most popular vehicle type among borrowers over sedans on preference for larger seating capacity and versatility for family use, according to one of the country’s leading banks, Metrobank.
According to the Ty-owned bank, the insights are based on its loan portfolio but did not provide numbers on the amount of loan takeup or loan portfolio for motor vehicles. The bank, however, said that their data are aligned with industry data.
SUVs and multipurpose vehicles continue to dominate the Philippine market, with commercial vehicles, such as pickups, and vans, accounting for the majority of vehicle sales as car owners prioritize space, flexibility, and durability for everyday travel.
Overall, house-and-lot properties emerged as the top loan choices.
The bank said that home loan applicants still favor house-and-lot developments over condominium and townhouses, despite the trend of vertical living, reflecting the long-standing aspiration among Filipino families to own a land and have more space for multigenerational living.
Housing continues to be one of the most important long-term financial goals for Filipino households. Studies by the Bangko Sentral ng Pilipinas show that property ownership remains a key aspiration tied to financial security and long-term wealth building.
These preferences of today’s home and car owners reflect how Filipino households typically approach major financial decisions. 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.
To support borrowers pursuing their big family financial goals, Metrobank continues to offer financing options designed to make home and vehicle ownership within reach.
Metrobank has brought back its Goals Made Real promo which runs until May 29, 2026 to help more Filipinos turn long-term goals such as owning a home or buying a family vehicle into reality sooner
Borrowers who apply for a home or car loan during the promo period can enjoy low interest rates to make monthly payments easier to manage. The bank also waived fees of up to PHP60,000, which can help cover additional expenses such as household appliances or vehicle accessories. For car loan, borrowers will enjoy one-year free AXA car insurance.
Applications must be approved and booked on or before July 31, 2026.
