Fortnightly Repayment Calculator
A fortnightly repayment calculator is a handy tool for homeowners looking to optimise their home loan repayment strategy. By calculating repayments on a fortnightly basis, you can discover how making payments every two weeks instead of monthly can significantly reduce the total interest paid over the life of the loan.
This approach effectively allows you to make an extra monthly payment each year without feeling the pinch in your budget.
Using a fortnightly repayment calculator, you can input your loan amount, interest rate, and term to see how much you can save. This can not only shorten the duration of your mortgage but also help you achieve financial freedom sooner.
At The Lending Society, we’re committed to helping you understand the benefits of different repayment options. Our team of experienced home loan mortgage brokers can guide you in assessing whether a fortnightly repayment strategy aligns with your financial goals, providing personalised insights to help you make informed decisions on your mortgage journey.
Important! Please note all computations are for illustrative purposes and do not constitute advice or a guarantee of a loan approval. Please get in touch with one of our mortgage brokers to find out your borrowing capacity.