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  1. Terry_w

    loan repayments weekly, fortnightly or monthly

    If no offset and it is non deductible just get part of your pay directed to the loan account. Saves the need to transfer and will save you a few days interest each week - compounding effect
  2. Terry_w

    loan repayments weekly, fortnightly or monthly

    Lenders calculate interest daily and add it to the loan once per month. If you have a 100% offset account the savings in the offset offsets the daily interest so it would not make any difference if you are paying weekly or monthly. In the old days there were no offsets and people just paid...
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