News & Policy Changes
Regulatory changes that affect borrowers, and what they mean for your loan.
- Policy changes
LATEST
POLICY CHANGE
Effective 15 September 2026
Cancel or Keep Your Loan? How to Decide in 3 Days
You signed the agreement, the money has landed, and now you’re unsure. Since 15 September 2026, you have three business days to cancel an unsecured loan from a licensed moneylender — but having the option is not the same as knowing whether to use it. Cancelling isn’t automatically the responsible
WHAT CHANGED
You can now cancel an unsecured loan from a licensed moneylender within three business days of taking it.
YOUR DEADLINE
Three business days, not calendar days. Saturdays, Sundays and public holidays do not count.
COST TO CANCEL
Repay what was disbursed plus the retained fee: S$50 on loans of S$5,000 or less, or 3.5% of the principal on larger loans.
Have a question about a recent change?
We will walk you through what it means for your loan, with no obligation.
