Bi-Weekly Loan Payments Calculator

See How Much You Can Save on Interest

Interested in making accelerated payments, whether on your home loan, auto loan or other personal loan with Greater Nevada Credit Union? See how much of a dent you can make in your overall loan amount by doing bi-weekly payments.

bi-weekly loan calculator
Man holding smartphone with My Credit Health featured

My Credit Health – Free to All Members!

My Credit Health is an all-in-one credit tool fully integrated within Greater Nevada Digital Banking that lets you monitor, manage, and improve your credit.

Over 33,900 members have increased their credit score tier or maintained their top-tier credit score since using it!

Amount is based on active members enrolled in My Credit Health for at least 6 months as of August 2025. Members must be at least 18 years old to use My Credit Health.

Calculate Your Bi-Weekly Loan Payment

Here’s a strategy to consider: instead of making loan payments only once a month, it’s possible to make partial (half) payments every two weeks. The financial advantage to you is that by the end of the year, you’ll have made a full extra payment and reduced the amount of interest you’ll pay in total. Explore this and other financial calculators from Greater Nevada.

Bi-Weekly Payments Frequently Asked Questions (FAQs)

Curious about how making bi-weekly payments might lower your overall payments? Learn from some of the more popular questions we get here.

How much faster will I pay off my loan with bi-weekly payments?

plus sign icon

The answer depends on a variety of factors, including the principal loan balance, monthly payment amount, loan type (i.e. are you making car payments, mortgage payments or other?) and interest rate. Use our bi-weekly payment calculator above to determine how much you can save.

Is it better to pay a loan bi-weekly or monthly?

plus sign icon

Under the bi-weekly plan, you’ll make payments to your lender every two weeks instead of monthly, or half of your monthly payment. One important thing to note here is that this method will result in you making 26 half-payments each year, so you’ll have to budget accordingly. By making bi-weekly payments, you’ll comparatively make an extra monthly payment each year which will go toward reducing your principal amount and enable you to save on interest charges. In the end, this payment plan option is voluntary and it’s up to what you are comfortable with and what you can afford.

Additional Online Calculators

Discover more tools from Greater Nevada to help you run test scenarios on your monthly payments on loans, forecasting a budget for your home, and other important financial topics.

calculator icon

Simple Loan Calculator

Applying for a basic loan? Calculate your monthly payment and how much interest you’ll pay over time.

car-profile icon

Buy vs. Lease Car Loan Calculator

In the market for a new car and trying to decide which option would work best for you? Explore them side-by-side to see.

home icon

Mortgage Refinance Savings Calculator

See a before-and-after comparison of your current home loan versus your possible future refinanced home loan

percentage icon

Debt-to-Income Calculator

Add in your monthly income and expenses to understand your debt-to-income ratio, which is used to qualify for a new loan or mortgage.

energy icon

Debt Consolidation Calculator

Are you looking for a way to manage your debts more effectively? Visualizing how much you may be able to save could motivate you to take action and achieve financial stability.

money icon

High-Yield Account Calculator

Let your money work for you while you relax. The more you save, the more interest you can earn, helping your money grow faster.

whitepaper icon

CD Calculator

Find out how much interest you could earn at different rates and terms by investing your money into a Share Certificate (CD).

tree icon

Simple Savings Calculator

Putting your money into a savings account that earns interest is like planting a magic seed that grows into more money over time.

sign-alt icon

Budget Calculator

Spend less, save more, and resolve personal finance issues with insight into your household’s cash flow.

trophy icon

Savings Goal Calculator

Start with the end in mind. Learn exactly when you’ll reach your savings goal for a new car, TV, or other reward here.

Apply For a Loan From Greater Nevada Credit Union Today

Now that you have a sense of your loan’s total amount and the types of loans available to you, get started with an application today.

This calculator is intended solely for general information and educational purposes. Greater Nevada Credit Union does not guarantee the accuracy of the calculations. The calculator is not intended in any way as financial, insurance, tax or legal information regarding your financial situation.

Start or Manage Your Online Application
Personal Accounts
(Checking, Savings, CDs, etc.)
Loans
(Auto, Personal, Recreational Vehicle, etc.)
Mortgages
(Homes, Land, HELOCs, etc.)
Business Accounts
(Business Checking, Business Savings, etc.)