Metropolitan Bank & Trust Co. (Metrobank) expects sustained growth for its auto and home loans business, driven by consumer demand and its unique offers that will help clients achieve their big life milestones–such as owning a car or building a new home.
“We see an overall positive growth trajectory for our auto and home loan businesses as we expect more bookings towards the end of the year given expectations of lower rates in the second half as well as through our offers like the Happy Holideals loan promo,” said Peaches Cuenco, Head of Metrobank Consumer Lending Group during the launch of Metrobank’s Happy Holideals promo at One Ayala in Makati.
Metrobank’s consumer portfolio posted a 13.7 percent annual growth in the first half of the year.
“We’ve started to see a shift in the profile of both our auto and home loan customers. They are a bit younger now, still mostly married, but the single demographic has been increasing as well,” she added.
Cuenco underscored the bank’s efforts to provide great offers to its clients.
“Consumer is a priority growth area of the bank and car and home loans play a very big part in that. Our plan is to cater to more customers, open new channels, and constantly upgrade our levels of service,” she said.
This year, Metrobank is ringing in the holiday season in August as it spreads joy by gifting clients with competitive loan rates, waived fees, and more when they apply for a car or home loan until October 31, 2024.
The bank’s early holiday treat is in line with its goal to help Filipinos realize their dreams.
And what better way to do this than to present great deals and useful financial tips that would help them achieve their dreams.
Metrobank Chief Marketing Officer Digs Dimagiba emphasized the importance of being financially aware and educated early on, so Filipinos can better budget their money. He encouraged people to start a new tradition of planning before the holiday rush and making financial resolutions as early as August when they can still act, instead of starting it post-holiday season in January.
“Instead of doing it in January, we invite everyone to start a new tradition of making our financial resolutions early in August, so that we can truly have a meaningful holiday season ahead. By making our holiday plans and budget before the biggest season for saving and spending, we can put them into action for a smoother holiday season that sets us up for a more stable financial start to the new year” Dimagiba said during the event as he introduced the financial tips for Filipinos.
“Filipinos love the holidays that is why in the Philippines it starts as soon as the —ber months come. This time, Metrobank is starting the holiday season even earlier to help our clients manage their funds better for the big move of buying a car or building their dream home that they have been planning for. Through our offers under the Metrobank Happy Holideals promo, we look forward to enabling them as we gift them with competitively low rates, waived fees, and a lot more to achieve their big goals this year,” Cuenco said.
Metrobank Happy Holideals is open to all qualified car and home loan clients who will submit their complete loan application documents from August 1 to October 31, 2024.
Qualified car and home loan applications must also be approved and subsequently booked on or before December 27, 2024 to enjoy the Happy Holideals offers.
