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In momentum space, the nodal loop is regarded as a ring-shaped band degeneracy and is classified into type-I and type-II configurations depending on the positive/negative dispersions of the degenerating bands. Here, we experimentally observe a new class of nodal loop in the photonic band structure, employing an artificially designed bilayer metasurface. Such degeneracy, termed type-III nodal loop, is formed by the crossing between a resonant flat band and a positively dispersive band and is protected by mirror symmetry Mz, which manifests in the metasurface’s bilayer architecture. Furthermore, the sequential topological transitions of band degeneracy from the nodal loop via Dirac point to gapped phase are demonstrated at the metasurfaces. Such transitions are enabled by the bilayer design and end with a pair of edge states on the domain wall of gapped systems. Our work reveals that properly engineered bilayer metasurfaces offer rich physics and vast flexibility in two-dimensional topological photonic research through assembling and tunning more symmetries and degrees of freedom along the stacking direction.