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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

Loan Scams in Singapore: How They Work and How to Avoid Them

Most people who lose money to a loan scam aren’t careless. They’re usually under pressure. Rent is due, a medical bill has landed, or a business supplier wants payment by

How to Check If a Moneylender Is Licensed in Singapore

If a loan offer has just landed in your messages, or you’re about to apply with a lender you found online, here is the short version: check the lender against

Need clarification on a policy change?

Simple application, flexible repayment scheme