Fortnightly repayments

You can save money by making fortnightly rather than monthly repayments. This is done by dividing your monthly repayments in half and making these once a fortnight.

This means that you will make one extra repayment a year. This is because there are 26 fortnights (or 13 sets of four weeks) in a year, and only 12 months.

Making repayments fortnightly can reduce the term of your loan and save you a lot of money on interest repayments.

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