Make Bi-Weekly Payments
Extra payments add up in your favor
Making bi-weekly payments is one popular way to pay off your loan quicker. This means you'll make 26 payments throughout the year, which is one full payment more than if you had paid on the first day and middle part of the month. Making bi-weekly payments will reduce your amount owed and save you interest charges for the outstanding loan balance that would normally still be there until the end of the month. Use this calculator to see how bi-weekly payments can help you.