Fortnightly Repayment Calculator

For fortnightly and weekly repayments, there are several methods to calculate repayments. Among them, two are most popular: (1) Actuarial Method which calculates the minimum repayments such that the loan can be paid off at the end of the term, not sooner and not later. It is true fortnightly and weekly repayments. Another method is (2) Half Monthly Repayment Method which calculates fortnightly and weekly repayments simply by dividing the monthly repayment by two and four respectively. In method two, the fortnightly or weekly repayment will be higher than the actuarial method, which in effect, results in the borrower making extra repayments over the same 12 month period. The borrowers will repay the loan sooner and also save some interest. This calculator can help borrowers find 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.


    How much can I borrow?

    Your borrowing capacity can rarely be devised by asking a few questions.
    Enquire below and we will contact you to look at your individual situation.

    About You (to help get us started)

    Are you looking to:
    PurchaseRefinanceConstructSub divide

    Do you have any existing home or investment property loans?
    YesNo

    Are you concerned that rates may rise in the next 12 months?
    YesNo

    If you have a loan, have you reviewed your rates or home loan package in the past 12 months?
    YesNo

    With your existing loan, is it with a major bank?
    YesNo

    I need finance nowI need finance in the future, but there is no urgency