3-Day Loan Cooling-Off Period Singapore: What to Compare Before Keeping or Cancelling a Loan

Borrower comparing two loan options during Singapore’s three-business-day licensed moneylender cooling-off period.

A fast loan decision should not become a long-term financial burden. From 15 September 2026, borrowers taking eligible unsecured loans from licensed moneylenders in Singapore will receive a mandatory three-business-day cooling-off period. During this window, borrowers can reconsider their decision and cancel a qualifying loan at a reduced cost. The new 3-day loan cooling-off period […]