Moneylenders Act (Chapter 188): Primary legislation governing payday loans in Singapore that regulates licensed moneylenders, sets borrowing limits, and stipulates maximum interest rates

Moneylenders Rules 2009: Subsidiary legislation that prescribes specific contract requirements, mandatory disclosures, and prohibited practices for moneylenders

Registration of Moneylenders (Amendment) Rules 2018: Updates to licensing and compliance requirements for moneylenders in Singapore

Interest Rate Regulations: Maximum 4% monthly interest rate, aggregate interest cannot exceed principal amount, late interest capped at 4% per month

Fee Structure Limitations: Late fee maximum of $60 per month, administrative fee maximum of 10% of principal

Mandatory Contract Terms: Requirements for clear disclosure of interest rates, full cost of borrowing, repayment schedule, borrower's rights, and terms and conditions

Borrowing Limits Framework: Statutory limits on loan amounts based on annual income brackets, with different limits for secured and unsecured loans

Consumer Protection Requirements: Mandatory cooling-off period, prohibition of unfair practices, and requirements for clear and understandable language in contracts

Personal Data Protection Act 2012: Requirements for handling borrower's personal information and obtaining necessary consents for data collection and usage