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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

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

Why Your Entrepreneur Loan Was Rejected (And How to Fix It)

Starting a business in Singapore often demands robust financial backing. Entrepreneur loans empower your ambitions, delivering crucial support for acquiring equipment, hiring staff, or expanding operations. For many new business

Need clarification on a policy change?

Simple application, flexible repayment scheme