Fortnightly Repayment Calculator

This calculator will show you how much interest and time you'll save if you pay half of your monthly payment every two weeks instead of once a month.
Frequently Asked Questions
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What is a fortnightly repayment calculator and how does it work?
We'll show you how much interest you'll save by switching up your payment frequency with our fortnightly and weekly repayment calculator, as well as how much you'll save compared to a monthly cycle. It also includes a time-saving component, demonstrating how making one easy tweak could help you pay off your mortgage faster.
How to use the calculator?
Simply enter your loan amount, interest rate, and the calculator will do the rest!
How fortnightly payments can help you pay off your mortgage faster?
By making 26 weekly home loan installments instead of 12 monthly payments, you're effectively making one extra monthly payment every year on your loan, reducing the loan's life and lowering the amount you owe. This calculator calculates your potential savings by taking into account your initial loan value, current interest rate, and the number of repayments you've previously made on your loan. The results show that making more regular repayments – fortnightly and weekly – allows you to pay off your mortgage faster and reduce the overall amount owed on the loan.
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