Before taking out a start-up loan, it’s important to understand the terms and conditions of the loan. In Singapore, licensed moneylenders are required to clearly state the repayment terms and conditions of the loan. This includes the total amount to be repaid, the repayment schedule, and any late payment fees or penalties. Start-up loans can be a helpful way to get the financing you need to get your business off the ground. However, it is important to note that start-up loans must be repaid in full, and failure to do so can damage your credit score and impair your ability to take out other loans in the future.