September 2, 2026

Day: September 2, 2026

Can You Cancel a Licensed Moneylender Loan in Singapore? New Cooling-Off Rule Explained

Swift Credit loan consultant explaining Singapore’s three-business-day licensed moneylender cooling-off period to a borrower.

Can You Cancel a Licensed Moneylender Loan in Singapore? New Cooling-Off Rule Explained. Yes—from 15 September 2026, borrowers will be able to cancel certain unsecured loans from licensed moneylenders during a new mandatory three-business-day cooling-off period. The new rule gives eligible borrowers additional time to reconsider whether they still need the loan or can afford […]