MANILA, Philippines—Local banking giant Metropolitan Bank and Trust Co. seeks to boost its consumer lending portfolio with a quarter-long car sale program that offers affordable and customized loan packages for new car buyers.

Metrobank yesterday announced the return of its “MetroCar Great Rates Sale” which will run from July 3 to Sept. 30.

It will be launched on July 3 at the Power Plant Mall in Rockwell, Makati City.

“From a successful turnout of the first sale two years ago, this is very timely given the low interest rates scenario and the new car models that just came out; the desire for people to buy a car is just there,” said Wennie Oliveros, head of Metrobank’s consumer lending group.

Under the MetroCar program, financing for as much as 80 percent of net selling price of a vehicle is offered alongside different packages to meet specific needs.

“MetroCar addresses concerns on affordability and flexibility. Our rates are very competitive, and borrowers have the option to choose repayment terms anywhere from 12 months to 60 months,” Oliveros added.

Participating car dealers include Honda Makati, Hyundai Global City, Isuzu Inteco Quezon Ave., Mitsubishi Citimotors, Nissan UN Ave., Motor Image Pilipinas (Subaru), Lexus Manila Inc., Toyota Cubao Inc. and Toyota Manila Bay.