Within the a beneficial bi-weekly commission bundle, the loan servicer try get together half the payment every 14 days, causing 26 costs over the course of the season (totaling one additional monthly payment per year). By making even more money and you can using your repayments with the dominating, you might be able to pay your loan early. Before you choose an excellent bi-each week commission, make sure you feedback the loan conditions to find out if you would be susceptible to a good prepayment penalty in the event you therefore.