Fortnightly and Weekly Repayment Calculator

Calculate the weekly, fortnightly and monthly repayments for a home loan based on your desired interest rate and loan term.

How do you decide on whether to have weekly, fortnightly or monthly home loan repayments?

With most lenders you have an option of setting your repayments at either weekly, fortnightly or monthly repayments – but what is right for you? For the most borrowers this will be based on how they manage their personal finances and their pay periods, ie if they’re paid monthly then a monthly repayment at the same time might make sense.

There is also a financial benefit by setting your payments to weekly or fortnightly as there is a minor interest saving from the funds being put into the loan sooner than the monthly payment, however this saving is minor. Likewise if you have an offset account on your home loan which you use for your transactional account this saving is mitigated as the funds are already being offset.

If you have an interest only loan, you will generally also only be able to choose a monthly home loan repayment with this loan type.

Do you need assistance with finding out how much weekly, fortnightly and monthly repayments would be on a home loan? Speak with a broker today.

Disclaimer:  The calculations do not take into account all fees and charges. The results provided by this calculator are an estimate only, and should not be relied on for the purpose of making a decision in relation to a loan. Interest rates and other costs can change over time, affecting the total cost of the loan. Borrowers should consider discussing their individual situation with a qualified Australian Credit Licensee or authorised Credit Representative.