Moneylenders Credit Bureau

31/08/2026

New Cooling-Off Period for Unsecured Loans from Licensed Moneylenders.

From 15 September 2026, a mandatory three(3)-business-day cooling-off-period will apply to unsecured loans from licensed moneylenders, excluding business loans.

The measure gives borrowers time to reconsider their borrowing decisions and reflects the continued focus on responsible borrowing and borrower protection.

As the Moneylenders Credit Bureau (MLCB), we support inititatives that promote informed financial decisions and responsible lending practices.

Read the full report by CNA: Borrowing from a licensed moneylender? New cooling-off period starts Sep 15
Link:

The cooling-off period will apply to all unsecured loans from licensed moneylenders, except business loans, and last three business days, excluding Saturdays, Sundays and public holidays.

28/08/2026

If you need to borrow, always choose a Licensed Moneylenders (LMLs) over Unlicensed Moneylenders. Never turn to unlicensed moneylenders, as you may put yourself at greater financial and personal risk.

Think before you borrow, know your loan terms and borrow responsibily.

You can always keep track of your loans with LMLs, simply obtain your MLCB Loan Information Report at MLCB website.

Link: www.mlcb.com.sg

06/08/2026

Before signing any loan agreement, take the time to understand the loan terms, interest, fees and payment schedule. Knowing exactly what you are committing to can help you avoid unexpected cost and financial stress.

Link: www.mlcb.com.sg

30/07/2026

Taking a loan is a financial commitment. Before you borrow, ask youself whether you have the ability to repay the loan on time without straining your finances. Responsible borrowing begins with informed decisions.

13/07/2026

Understanding the basic of budgeting and cashflow management is an important step towards financial well-being. By keeping track of your income and expenses, planning ahead for upcoming commitments, and spending within your means, you can make more informed financial desicions and avoid unecessary financial stress.

Financial Literacy starts with small habits that make a big difference over time. Take the first step towards better money mangement today.

Check your MLCB loan information report in the link below.

Link: www.mlcb.com.sg

26/06/2026

Not sure if your borrowing habits are becoming difficult to manage? Start with a quick self-check. The checklist below may help you recognise the early warning signs before they become financial challenges.

12/06/2026

Gentle Reminder!

02/06/2026

Your Loan Information Report provides valuable insights into your borrowing commitments. As with any personal financial information, it is important to safeguard it and share it only when necessary and with trusted parties.

Regualry reviewing your report can help you:
- Verify that your information is accurate
- Identify potential discrepancies early
- Better undertand your borrowing commitments
- Make more informed financial decisions

Being infromed and vigilant are important steps towards mantaining good financial health.

Link: https://www.mlcb.com.sg/

20/05/2026

Regularly checking your Loan Information Report is a simple step towards better financial awareness.

Staying informed halpes support smarter financial decisions and responsible borrowing habits.

Link: www.mlcb.com.sg

06/05/2026

Understanding your financial commitments starts with staying informed.

A Loan Information Report helps you:
- Review your borowing profile
- Monitor your existing loan commitments
- Detect possible errors or unauthorised activity
- Support better financial planning
- Prepare before applying for new credit
- Encourage responsible borrowing habits

For $0.50 SGD, gain greater visibility into your loan records and make more informed financial decisions.

Link: www.mlcb.com.sg