Fortnightly Repayments Calculator
One of the most effective ways to pay off your home loan faster is by making fortnightly repayments using the "Half Monthly Repayment Method" which calculates fortnightly repayments simply by dividing the monthly repayment by two. Which in effect, results in making one month's extra repayments over the same 12 month period. The loan will be paid off sooner and less interest is paid. This calculator can help you find how much interest and time can be saved by making make 1/2 or 1/4 of monthly repayments fortnightly or weekly, respectively.
For more information on this and other tips to help you save time and money, download our Home Loan Optimiser eBook from our collection of FREE eBooks.
How to use...
Simply type in the loan amount, interest rate and loan term to work out the repayments for a loan based on the repayment frequency, showing the savings in time and interest paid over the course of the loan.
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Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as an indication only, they are neither a quote nor a pre-qualification for a loan.