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News and Policy

Latest news, notices & policy updates

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On 15 September 2026, borrowers in Singapore gained a new right: three business days to cancel an unsecured loan from a licensed moneylender. It was an addition, not an overhaul. Anyone borrowing from a licensed moneylender already held a set of protections, and most borrowers do not know what is on that list. This page […]

At a glance

Effective date

15 September 2026

Applies to

Unsecured loans from licensed moneylenders

What is new

Three business days to cancel the loan

Scope of change

An addition, not an overhaul

Previous Updates

What Licensed Moneylenders Can Legally Charge in Singapore

If you are holding a loan agreement and trying to work out whether the charges on it are legal, the short answer is that there are hard limits; they are

How to Read Your Credit Bureau Singapore (CBS) Report Before Applying for a Loan

Most people in Singapore find out about their credit report the hard way. A loan application comes back declined, the reason given is vague, and only then does it occur

Need clarification on a policy change?

Simple application, flexible repayment scheme