dunno will i get shoot my head off here if i say tis... but here goes...
there is no free meal in this world, if like he said himself, he gotten a study loan, and he should know the consequences if he flung, and now that dbs is doing what in proper procedure.
not sure if the guy does have a black & white to support his deferment scheme, but end of the day, its still black & white wins, if the officer just say it out of his mouth just to pacify him, i think he in deep trouble.
in corporate world, ppl just think about profits... and also generating them, negative publicity however does not welcome profits, thats a sad fact DBS did not anticipate. But from a neutral point of view (clear headed, non emotional), the guy should have done if he gets his loan, and understand the contract, and fulfil it. And y din anybody say anything nice about DBS when they gave him a deferment previously? ;p
Anyway, hope the guy got relatives who can really help him just pay off the loan, or get some interest free loan for infinity dates (highly impossible).
Well must commend him for being really smart to write to the press! And a most impressive letter. In this case, one can be sure that he will get some form of assistance.... Maybe some tycoon will give him a loan or a job to pay the debt. Good Publicity for the tycoon too... "Businessman shares and cares during the Chinese New Year Season.... Donates to poor NS boy"
in any respect, it is an act of desperation but he did mention he is not asking for free hand outs or charity, merely a deferment to get out of the current financial issue.
Not many of us will understand what is like in his shoes, not many of us have ever suffered what he is going through. With a bank so big, yet without any compassion on merely doing its job is not worth the support. We put our money safe in the bank and they use it make more money, thier turnover is in the billions. 8K is really peanuts to the bank for a compassionate reason for deferment.
if you recall several years back, weren't they the same bank that was reprimanded by the Court for doing something similar to a mother/daughter pair, who was asking for deferred payment, and indeed has been paying the instalments, on their housing loan?