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Subjects>Business>Finance

Should you make weekly or monthly payments to your loan?

Anonymous

∙ 14y ago

Updated: 9/18/2023

It depends on how often you get payed and how much you owe.

Wiki User

∙ 14y ago

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Continue Learning about Finance

How does a bi weekly loan payment work?

A bi-weekly auto loan is the WORST way to go. You pay twice as much in interest. they calculate a total of monthly payments and have you pay every other week rather than every month. If you go to http://www.credityes.com you will never pay bi-weekly payments.

What are the payment options for a home loan?

The payment options for a home loan typically include making monthly payments with a fixed interest rate, making bi-weekly payments, or choosing an adjustable-rate mortgage with varying interest rates.

Are you considering refinancing your lot loan to potentially lower your interest rate and monthly payments?

Are you thinking about refinancing your lot loan to possibly reduce your interest rate and monthly payments?

Do large principal payments reduce monthly payments?

Large principal payments do not reduce monthly payments. Monthly payments are typically fixed based on the loan amount and interest rate, so making a large principal payment will not change the monthly payment amount. However, paying off a large portion of the principal can help reduce the total interest paid over the life of the loan and shorten the loan term.

How can I figure out my student loan payments?

To figure out your student loan payments, you can use an online loan calculator or contact your loan servicer. Input your loan amount, interest rate, and repayment term to determine your monthly payments.

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Related Questions

How does a bi weekly loan payment work?

A bi-weekly auto loan is the WORST way to go. You pay twice as much in interest. they calculate a total of monthly payments and have you pay every other week rather than every month. If you go to http://www.credityes.com you will never pay bi-weekly payments.

Bi-weekly Auto Loan Calculator?

Bi-weekly Auto Loan Calculator This calculator shows you possible savings by using an accelerated bi-weekly auto loan payment. Bi-weekly payments accelerate your auto loan payoff by paying 1/2 of your normal monthly payment every two weeks. By the end of each year, you will have paid the equivalent of 13 monthly payments instead of 12. This simple technique can shave years off your auto loan and save you hundreds to thousands of dollars in interest. Click on the "View Report" button to see your savings!

What are the payment options for a home loan?

The payment options for a home loan typically include making monthly payments with a fixed interest rate, making bi-weekly payments, or choosing an adjustable-rate mortgage with varying interest rates.

Alternative Payment Frequencies?

Alternative Payment Frequencies Use this calculator to determine your payment or loan amount for different payment frequencies. You can make payments weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annually or annually. You can then examine your principal balances by payment, total of all payments made, and total interest paid.

Are you considering refinancing your lot loan to potentially lower your interest rate and monthly payments?

Are you thinking about refinancing your lot loan to possibly reduce your interest rate and monthly payments?

Do large principal payments reduce monthly payments?

Large principal payments do not reduce monthly payments. Monthly payments are typically fixed based on the loan amount and interest rate, so making a large principal payment will not change the monthly payment amount. However, paying off a large portion of the principal can help reduce the total interest paid over the life of the loan and shorten the loan term.

How can I figure out my student loan payments?

To figure out your student loan payments, you can use an online loan calculator or contact your loan servicer. Input your loan amount, interest rate, and repayment term to determine your monthly payments.

How many monthly payments are there in a 30-year loan?

360

In general, how are monthly car loan payments figured out?

Monthly car loan paymnts are calculated by adding the interest to the balance and diviing it into equal payments for a set time frame. You can find a car loan calcultor at www.Edmunds.com.

Will a loan auto calculator help you figure out your monthly payments?

A loan auto calculator is made for precisely that, figuring out your monthly payments. They are straight forward to use and clearly state exactly what information they need to calculate your monthly payment.

Will an interest only loan calculator help me determine my monthly payments?

An interest only loan calculator will not help you to determine your overall monthly payments. This will only calculate your total interest payment. To know the total cost of your loan use a loan calculator.

What will my student loan payments be?

Your student loan payments will depend on the amount you borrowed, the interest rate, and the repayment plan you choose. It's important to carefully review your loan terms to understand your monthly payments.

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