Repaying your home loan in fortnightly instalments, rather than monthly, can help pay off your home loan quicker.
Your home loan repayments are made up of principal and interest. Interest is calculated daily so repaying the principal more frequently, and faster, will reduce the amount of interest you pay over the loan term.
The results shown are indicative and should be used as a guide only. Actual calculations and results may vary depending on individual cases. The above information is neither a quote nor a pre-qualification for finance. The fortnightly repayments are calculated on half monthly repayments and as a result an extra monthly repayment is made every year.