Every rule change, licence notice and industry update that affects borrowers of licensed moneylenders in Singapore — posted here as soon as it takes effect.
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15 September 2025
Ministry of Law · Registry of Moneylenders
Singapore’s New Mandatory Cooling-Off Period for Licensed Moneylender Loans Singapore’s new mandatory cooling-off period lets you cancel an unsecured loan from a licensed moneylender within three business days — and caps what the lender is allowed to keep if you do. Here is what it covers, what cancelling actually costs,...
a loan signed today is not disbursed straight away — you have three business days to cancel it, at no cost.
