Notice 118 Unsecured Credit Facilities to Individuals

Requirements for insurers when granting an unsecured non-card credit facility to an individual.

Credit Cards and Unsecured Credit

Issued pursuant to:

Applies to: Direct Insurer (Life) , Direct Insurer (General) , Direct Insurer (Composite)

View Notice Notice 118 Unsecured Credit Facilities to Individuals (232.7 KB)

This notice applies to all direct insurers in Singapore. It sets out the requirements a direct insurer has to comply with when granting an unsecured non-card credit facility to an individual.

06 November 2020: Notice 118 (Amendment No.2) 2020 (238.6 KB) takes effect from 9 November 2020.
05 May 2020: Notice 118 (Amendment) 2020 (470.7 KB)takes effect from 6 May 2020.
30 May 2017: Notice 118 (Amendment) 2017 (211.7 KB) takes effect from 1 Jun 2017.
27 May 2015: Notice 118 (Amendment) 2015 (54.6 KB) takes effect from 1 Jun 2015.