From 15 September 2026, every unsecured loan from a licensed moneylender in Singapore comes with a cooling-off window — and cancelling inside it costs far less than it used to. If you sign a loan and wake up the next morning unsure you needed it, the rules are now on your side. The Ministry of Law announced on 31 August 2026 that a mandatory cooling-off period of three business days applies to unsecured loans taken from licensed moneylenders, and the rule took effect on 15 September 2026. Business loans are the one exception. The change matters less for the pause