---
title: "Biweekly payment: definition | Desert Rock Capital"
url: "https://www.desertrockcapital.com/glossary/biweekly-payment"
description: "A biweekly payment is a payment made every two weeks rather than once a month, dividing a loan balance into smaller, more frequent amounts."
---

Loan structure

# Biweekly payment
All lending terms
Definition

A biweekly payment is a payment made every two weeks rather than once a month, dividing a loan balance into smaller, more frequent amounts.

A biweekly payment schedule collects a payment once every two weeks, which results in 26 payments over a calendar year. Compared with monthly billing, biweekly payments are smaller and arrive more often, and on some loans a true biweekly schedule results in the equivalent of one extra monthly payment per year, which can shorten the term and reduce total interest. A biweekly schedule has its own set of due dates defined by the loan agreement and is independent of any particular customer's pay cycle. It is one of several payment frequencies a loan can use, alongside weekly, semimonthly, and monthly.

Source: [Bankrate](https://www.bankrate.com/mortgages/should-you-make-biweekly-mortgage-payments/). This definition is general educational information, not legal or financial advice.
Related

- [Personal loans](/services/personal-loans)
- [Signature loans](/services/signature-loans)
- [Loan FAQs](/faqs)
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