Loan repayments refer to the process of paying back borrowed money to a lender, typically in installments over a set period. These payments usually include both the principal amount, which is the original sum borrowed, and interest, which is the cost of borrowing. The repayment schedule can vary based on the type of loan, such as a mortgage or personal loan. The frequency of loan repayments can be monthly, bi-weekly, or weekly, depending on the agreement. Timely repayments are crucial, as they help maintain a good credit score and avoid penalties. Failure to repay loans on time can lead to additional fees and negatively impact one's financial standing.