Mortgages, Money and Me

Fortnightly and weekly repayments

A clever strategy for paying your loan faster is to make fortnightly or weekly repayments that are either half or a quarter of the monthly amount. This magic works by effectively squeezing an extra month of repayments into your yearly schedule as there are 13 x 4 week periods as compared to 12 months!

Read about more debt reduction strategies here.

You may also like these calculators:

Extra repayments
Offset account
Lump sum repayment