The mandatory moneylender cooling-off period will take effect on 15 September 2026. It applies to unsecured loans taken from licensed moneylenders, except business loans. Eligible borrowers will have three business days to cancel, excluding Sat...
A licensed moneylender in Singapore must be listed on the Ministry of Law’s Registry to legally operate and offer loans. Licensed moneylenders are bound by MinLaw’s interest rate caps maximum 4...
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