If IWAA is 42 years and the borrowers are aged 43 and 41, what is the maximum loan tenure allowed?
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The maximum loan tenure allowed is 23 years. This is because the loan tenure must not extend beyond the borrowers’ age of 65. With an income-weighted average age (IWAA) of 42 years, 65 - 42 = 23 years. Therefore, the maximum loan tenure is 23 years.
