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Personal Banking Lecture 3: Consumer loans, products & services…

- - - - Individual
      - Consumer goods and services
    - - Commercial
      - For Businesses
- - - - Annual Income(AI) >= $30,000
        
        55yrs old, >=$15K AI
        
        AI > $30K, Credit limit = 2 times
        AI>= $30K, Credit limit 4 times
      - Bank's Discretion if Annual Income > $120K OR Net Personal Asset> $2mil
    - - Citizenship: Singaporean & PR
        
        Income>= $24K
        
        Max loan amount: $30K or 6 times of monthly income ( Lower of either two)
        
        Owner of property
  - - - Investor approved limit margin call
    - - Term
      - Security > Property
      - Default > Foreclosure