Fortnightly Repayment Calculator in Australia is a tool used to calculate the amount of money a borrower needs to pay back over a given period, typically in two-week intervals. The calculator considers the loan amount, the interest rate, and the loan term length to calculate the repayment amount. This calculator can compare different loan options and determine the best repayment plan for a given situation.

How Does UM Oceania's Fortnightly Repayment Calculator Work?

UM Ocenia’s Fortnightly Repayment Calculator allows users to compute fortnightly payments. The calculator entails a straightforward dashboard that can be utilised conveniently even by first-time users. One must input the values on the field, and the UM Oceania Calculator computes the values almost instantaneously. 

How Can You Use the Fortnightly Repayment Calculator?

The user is required to implement the following steps to operate the Fortnightly Repayment Calculator: 

  • Go to a website that offers a Fortnightly Repayment Calculator in Australia.
  • Enter the loan amount, loan term, interest rate, and any additional fees or charges. 
  • Click 'Calculate' to view the results. 
  • The calculator will provide an estimated payment amount to be paid fortnightly. 
  • Compare different loan options and determine which one best fits your budget.

Features and Benefits 

The fortnightly Repayment calculator entails the following features: 

  •  Easy-to-use user interface
  •  Accurate calculations 
  •  Ability to compare different scenarios 
  •  Ability to compare repayment amounts
  •  Ability to see the impact of extra repayments 
  •  Ability to re-calculate repayments based on changes in interest rates 
  •  Ability to view a payment schedule 

The fortnightly repayment calculator offers the following benefits to its users. 

  •  It helps you save time and money by finding the best repayment plan for your needs. 
  •  It helps you make informed decisions about how to manage your finances 
  •  It enables you to understand the effects of different repayment plans
  •  Assists you in planning for the future and makes sure you stay on track with your repayment goals
  •  It gives you more control over your finances and helps you make better decisions about managing your money.

How is the Fortnightly Repayment Calculated?

The fortnightly repayment is calculated by dividing the loan amount by the number of fortnights in the loan period and then adding any accrued interest. The interest is usually calculated daily and added at the end of each fortnightly repayment period.

Pros and Cons of Fortnightly Repayment Calculator

A fortnightly repayment calculator is a tool that helps borrowers determine the impact of making fortnightly repayments on their loans. It calculates how much interest they can save and how much they can reduce the loan term. Here are some pros and cons of using a fortnightly repayment calculator:


  • Helps you save money: By making fortnightly repayments, borrowers can save a significant amount of money in interest over the life of their loan. The calculator can help borrowers estimate the amount they can save.
  • Reduces loan term: Fortnightly repayments can also help borrowers reduce the loan term, which means they can pay off their loan faster. The calculator can show borrowers how much they can reduce their loan term by making fortnightly repayments.
  • Easy to use: Fortnightly repayment calculators are user-friendly, and borrowers can easily input their loan amount, interest rate, and repayment frequency to get instant results.


  • Limited accuracy: Fortnightly repayment calculators can estimate the potential savings but only consider some factors that may affect the loan. For example, borrowers may incur additional fees or charges not factored into the calculator.
  • May only work for some loans: The calculator may only be suitable for some loans. Some loans may restrict making fortnightly repayments, and borrowers should check with their lender before making any changes.
  • No substitute for professional advice: While a fortnightly repayment calculator can provide useful information, it should differ from professional financial advice. Borrowers should seek advice from a financial advisor or mortgage broker before changing their loan repayments.

In summary, a fortnightly repayment calculator can be a helpful tool for borrowers to estimate the potential savings and loan term reductions they can achieve by making fortnightly repayments. However, it should not be relied upon solely, and borrowers should seek professional advice before changing their loans.

Things you Should Know About the Fortnightly Repayment Calculator

There are a few things that can be beneficial to a user of the Fortnightly Repayment Calculator. These aspects of the tool help gain significant insight into how the calculator tool works and how one can make a better decision with its outcomes. 

  • A fortnightly repayment calculator is a financial tool that helps you calculate your home loan repayments based on fortnightly payments instead of monthly payments.
  • By making fortnightly payments instead of monthly payments, you can reduce the interest you pay over the life of your loan and pay off your loan faster.
  • The calculator considers your loan amount, the interest rate, and the term to calculate your fortnightly repayments.
  • You can adjust the variables in the calculator to see how different loan amounts, interest rates, and loan terms will affect your repayments.
  • The calculator can also show you how much interest you will save over the life of the loan by making fortnightly payments.
  • It's important to remember that while making fortnightly payments can save you money in interest over the life of your loan, there may be better options for some. Speaking to a financial advisor before making major financial decisions is always good.

Frequently Asked Questions

How do you calculate fortnightly payments?

One can employ the Half-monthly repayment method, where the fortnightly payments are calculated after dividing the monthly repayments by two.

How many fortnightly payments in a year?

If the borrower has opted for a fortnightly repayment method, they must make 26-fortnight payments in a year.

Do you pay less interest if you pay fortnightly?

By making fortnightly payments, one can close the loan earlier and save on interest.

Why do people pay fortnightly?

The fortnightly payment method allows the borrower to pay an extra monthly payment, concluding the loan earlier, and the borrower can save on interest.


The website provides general information about various loan products, insurance products, credit scores & links to other websites or resources over which https://www.umoceania.com.au does not have control as such information & links are received from the Banks, NBFCs, Insurance companies & credit rating agencies. Users of this website acknowledge that https://www.umoceania.com.au is providing this information & links only as a convenience, and further agree that https://www.umoceania.com.au is not responsible for the veracity of such information. Please note that you before you decide whether or not to acquire a particular financial product you should assess whether it is appropriate for you in the light of your own personal circumstances, having regard to your own objectives, financial situation and needs. Confirm all product information directly with the provider of resepctive financial product before making a purchase decision. If you decide to acquire a financial product, you will deal directly with the provider and not with Urban Money Oceania and that neither https://www.umoceania.com.au nor its directors, employees, partners, and associated staff are not accountable for any loss, harm, or damage due to usage of information from this website. And further that users use of links to such external websites are subject to the terms of use and privacy policies located on those sites.