Fortnightly Repayment Calculator

Opening the Doors to Lending Possibilities

At Intellichoice we provide you with the best, easy to use and effective financial tools that can help improve your finances and prepare you for a loan or asset finance.

Planning to repay your loan sooner? A Fortnightly Repayment Calculator can help you determine how much you save by paying your loan in advance. Learn how much you can save in interests by paying your loan weekly or bi-monthly.

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Fortnightly Repayment Calculator

This calculator can help borrowers to discover how much interest and time can be saved if they make 1/2 or 1/4 of monthly repayments every two weeks or one week. The borrowers will repay the loan sooner and also save some interest.

Conclusion: Interest rate does not change over the loan term. Interest is computed by compounding on a similar repayment frequency selected, i.e. weekly, fortnightly, monthly. In practice, interest compounding frequency may not be the same as repayment frequency.

Frequently asked questions

How to use the home loan repayment calculator

Using our home loan repayment calculator is basic.You should simply enter the following variables to calculate your monthly repayments, total interest on the loan and the total amount you would be required to pay over the term of the loan; Repayment frequency, Loan term, Interest rate, Loan amount and Loan type.

Why should you use a loan repayment calculator?

A home loan calculator is a perfect tool to enable you to deal with your mortgage repayments and pay off your loan in time. If you currently have a mortgage, you could use the home loan repayment calculator to figure out what your new monthly repayments would be if you refinanced to a longer or shorter loan term. You would also be able to keep track of the required mortgage repayments should interest rates fluctuate amid the term of your mortgage.

What does the calculator show me?

This calculator assesses the amount of money that could be borrowed from a lender to purchase a property. The figures provided by the calculator are estimates only, based on your inputs and a range of assumptions. The actual amount available for borrowing will be determined by the lender.

Who should use this calculator?

This calculator is a useful tool for any individual who needs to figure out what the maximum amount is they can borrow. It will be most applicable to those in the early stages of refinancing or getting a new home loan.

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