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News & Policy Changes

Rule changes from the Registry of Moneylenders and important notices for our borrowers.

Key Dates

31 Aug 2026

MinLaw announces the loan cooling-off period

15 Sep 2026

Cooling-off period takes effect

Three Days to Change Your Mind: What Cancelling a Moneylender Loan Now Costs You

Sign a loan agreement on a Monday, and by Thursday you can still walk away from it. That is the practical effect of a rule that took effect on 15 […]

3 business days

to cancel, excluding weekends and public holidays

$0 interest

if you cancel within the window

$50 or 3.5%

most of the approval fee a lender may keep