Just How Do Earnest Loans Work? Understanding Loan Payments, Interest, and Repayment Once you borrow funds in the shape of a loan, you will have to spend back once again the loan quantity plus interest within a quantity of the time. This payment typically does occur on the full lifetime of your loan, whether that’s 36 months or three decades. Before you decide to sign the contract to obtain your brand-new loan, it is useful to know just how your…