Tuesday, November 11, 2025

BANK LOAN AGEISM

Another form of ageism shows up in some banks’ personal loan policies, where the maximum age limit is set at 58. What’s the justification? health concerns? or the assumption someone might pass away?

If the bank doesn’t want to offend anyone, it could simply evaluate applications individually and reject applicants on legitimate grounds.

But by displaying a strict age limit, it becomes a clear case of age-based discrimination.

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