From today, 15 September 2026, anyone who takes an unsecured loan from a licensed moneylender in Singapore can walk away from it within three business days — and walk away without paying a single dollar of interest. The Ministry of Law announced the new rule on 31 August 2026. It...
A Running record
News & Policy Changes
Singapore’s moneylending rules change quietly and take effect fast. This is the running log — every change dated, sourced and explained in the words a borrower actually uses.
01
Change in 2026
15 September
Last Change
132/2025
Our Licence No.
The rules right now
maximum interest
4% / month
Maximum late fee
S$60 / month
Maximum admin fee
10% of principal
Cooling-off window
NEW
3 business days
Total charges cap
100% of principal
Checked against the Registry of Moneylenders on 21 Sep 2026.
15 September 2026
Took effect 15 Sep 2026
important
policy update
Registry of Moneylenders
was
2 business days
Until 14 Sep 2026
now
3 business days
From 15 Sep 2026
Who this affects
anyone signing a new personal or business loan contract on or after 15 September 2026. Contracts signed earlier keep the old two-day window.