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Can the licensed moneylender charge me anything else if I cancel the loan during the cooling-off period?
No. The only amount the licensed moneylender is entitled to retain is up to the maximum loan approval fee as set out in the answer to this question. No interest will be charged, and the total amount you repay shall not exceed the principal amount of the loan.
Related questions
Can the licensed moneylender refuse my request to cancel my loan during the cooling-off period?
Can you provide an example of how the repayment amount is calculated for the cooling-off period?
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How much do I need to repay if I cancel my loan during the cooling-off period?
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What are the fees that moneylenders can charge?
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