Licensed Moneylender Cooling-Off Period Singapore: New Rules From 15 September 2026
Singapore will introduce a new borrower-protection measure for loans taken from licensed moneylenders. From 15 September 2026, borrowers who take certain unsecured loans from licensed moneylenders will receive a mandatory cooling-off period of three business days. During this period, an eligible borrower may cancel the loan at a reduced cost. The new licensed moneylender cooling-off […]
