The difference between repayment of a bank loans principal and a bonds par value is: A bonds pare value is paid with interest on an amortization schedule each period until the loan is paid in full and the loan principal is paid when the loan matures. A bonds par value is paid at the time the bond is issued and the loan principal is paid at the time the loan is made. Abonds par value is paid when the bond matures and the loan principal is paid at the time the loan is made. A bonds par value is paid when the bond matures and the loan principal is paid with interest on an amortization schedule each period until the loan is paid in full