Key Takeaway
Making bi-weekly payments (half-EMI every 2 weeks) results in 13 full payments per year instead of 12. On a ₹50 lakh loan at 8.5%, this saves ₹9.4 lakh in interest and pays off the loan 3.2 years early.
Bi-weekly Mortgage Calculator
Estimate years and interest saved by paying half EMI every 2 weeks.
Bi-weekly Analysis
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Frequently Asked Questions
What is a bi-weekly mortgage payment?
Instead of paying 12 full EMIs a year, you pay half your EMI amount every two weeks. Since there are 52 weeks in a year, you end up making 26 half-payments, which equals 13 full EMIs per year.
Do Indian banks accept bi-weekly payments?
Most Indian banks' core systems are designed for monthly EMIs. However, you can achieve the exact same mathematical result by simply prepaying one extra EMI's worth of principal every year.
How much time does 1 extra EMI per year save?
On a 20-year home loan at 8.5%, paying just one extra EMI per year reduces your total tenure from 20 years to roughly 16.5 years, saving lakhs in interest.
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