Adults over 54 years old borrowing more, repaying less: Credit Bureau Singapore report

Adults over the age of 54 are borrowing more and struggling to repay the loan, according to a new report by Credit Bureau Singapore. Comparing Q4 2024 with Q1 2025, secured overdraft — a type of loan backed by assets — rose from about S$237,000 to over S$293,000. That's a near 24% increase and the most significant change amongst all age groups. Those over 54 are also taking on more real estate loans, with an almost 5% increase. Delinquency rates, whereby payment is more than 30 days past due, is at 1% — the highest amongst all age groups.