Biweekly Loan Calculator
What Is a Biweekly Loan Calculator
A biweekly loan calculator helps you see how switching from monthly to biweekly payments can save money on interest and pay off your loan faster.
How Biweekly Payments Work
Instead of making one monthly payment, you make half-payments every two weeks. Since there are 52 weeks in a year, you make 26 half-payments, which equals 13 full payments instead of 12.
Benefits of Biweekly Payments
- Pay off your loan faster
- Reduce total interest paid
- Build equity in your home or car sooner
How to Use the Calculator
- Enter your loan amount, interest rate, and loan term.
- Choose monthly or biweekly payments.
- Compare the total interest and payoff time for both options.
Who Should Use This Calculator
Anyone with a mortgage, car loan, or personal loan who wants to see if biweekly payments can save them money.