From when does the cooling-off period take effect, and does it apply to existing unsecured loans?

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Accepted Answer

The cooling-off period applies only to unsecured loans (other than business loans) disbursed on and after 15 September 2026. Loans disbursed before 15 September 2026 are not subject to the cooling-off period.

From when does the cooling-off period take effect, and does it apply to existing unsecured loans?

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