Borrower Rights With a Licensed Moneylender in Singapore: New Cooling-Off Period From 15 September 2026
Borrowers taking certain unsecured loans from licensed moneylenders in Singapore will receive an additional safeguard from 15 September 2026. A new mandatory cooling-off period will give eligible borrowers three business days to reconsider and cancel their loans at a reduced cost. A qualifying cancellation will not attract interest, although the borrower must return the amount […]