Calculator
How often should you collect your loan
Enter your amount, your monthly rate and your term, and compare the instalment and the number of collections across daily, weekly, biweekly and monthly, before you decide.
The rate you would charge if the loan were monthly; the calculator prorates it to each frequency.
From 1 to 60 months.
The same rate, four frequencies
| Frequency | Instalments | Instalment | Total interest | Total to repay |
|---|---|---|---|---|
| Daily | 180 | 72.22 | 3,000.00 | 13,000.00 |
| Weekly | 26 | 501.28 | 3,033.33 | 13,033.33 |
| Biweekly | 12 | 1,083.33 | 3,000.00 | 13,000.00 |
| Monthly | 6 | 2,166.67 | 3,000.00 | 13,000.00 |
At the same nominal rate, total interest converges across frequencies (short terms can show a gap from rounding to whole instalments): what really changes is the instalment size and how often you collect.
Educational calculation using fixed 30-day months, to compare frequencies at the same reference monthly rate. It does not replace your loan’s real schedule, which respects weekends and the exact calendar.
Ready to pick the right frequency?
Prestafolio calculates the real schedule with whichever frequency you pick, respecting weekends and short months.
Get startedKeep reading: How often to collect: daily, weekly, biweekly or monthly