When does interest start to accrue? Dane November 02, 2018 21:21 Updated Follow Interest begins to accrue the day your loan originates. Related articles Are there any penalties for paying my loan off early? Which forms of payment can be used to make loan payments? If I make additional loan payments will my monthly payment change? Can I make a larger down payment to lower my monthly payments? Can I change my payment due date? Comments 0 comments Please sign in to leave a comment.