Put thousands of dollars in your pocket by making one simple change in your loan paying habits. It's like getting FREE MONEY!

You will save huge amounts of cash by paying your loans bi-weekly instead of once a month. Bi-weekly simply means every other week. Most wage earners get paid bi-weekly. So, everytime you receive your paycheck... make a loan payment. It couldn't be any easier than that.

Use this calculator to quickly find out just how much money you can save.

First, calculate your original loan. Enter the original loan amount for the principal, the interest rate that is charged on the loan, and the number of years for the loan. Then click the Calculate button and the calculator will give you your current monthly payment and the suggested bi-weekly payment.

Then to calculate your savings, enter the suggested bi-weekly payment, the payment number you want to start paying bi-weekly, and the month and year your original loan began. Click the Calculate button and you will be pleasantly suprised!

To create an amortization schedule, click the Amortize button.

As always, the results of the calculations are close estimates. Be sure to talk to your lending institution before you make any loan payment changes.