07/09/2026
Did you know that switching to fortnightly home loan repayments instead of the traditional monthly schedule could save you thousands of dollars in interest over the life of your loan? 💰
Here's how it works: Let’s say your monthly home loan repayment is $2,000. If you pay that once a month, you’ll pay $24,000 over the course of a year.
By switching to a fortnightly schedule, you’d pay half your monthly amount, $1,000, every fortnight. Because there are 26 fortnights in a year, you’ll make 26 payments of $1,000.
By the end of the year, you’ll have paid $26,000. That's $2,000 more than you would have paid on a monthly schedule, meaning you’ve essentially made an entire extra monthly repayment for the year without having to budget for a large lump sum!
While this strategy might not suit everyone's cash flow, aligning your repayments with your payday could help you pay down your principal faster and save a significant amount on interest in the long run. Let's chat to see if a fortnightly option works for you.
