The Straits Times Thursday, December 23, 2010 (Forum)
We appreciate the feedback from Mr Fong Cheng Cheong (“Aged over 60? Sorry, no loan for you”; last Thursday).
We would like to highlight that the bank reviews a number of criteria prior to approving unsecured cash loans or credit cards.
The qualifying age for POSB Loan Assist is between 21 and 70 years old. Other criteria would include meeting the minimum income requirements, and holding Singapore citzenship or permanent resident status.
In addition, all applications are processed in accordance with our business and credit evaluation policies that determine if the loan is approved or declined.
Ooi Huey Tyng (Ms)
Senior Vice-President & Head
Unsecured Lending & Cards
Consumer Banking Group
(Singapore) DBS Bank