Banks hate this… #personalfinance

Banks hate it when you do this. Make sure you share and you save. How to pay off your car loan quicker. Take your monthly payment and divide it into 4. For example, your car loan is $400 a month. This is what you do: divide it by 4 and then pay it on a weekly basis. This method works really good because car loans— and they would never tell you this— Interest rate is calculated once a month. So when you're paying on a weekly basis, it lowers your principal balance every time it calculates. Instead of waiting for the bank to calculate the loan once a month and send you a bill, do this instead, and you will save a lot of money on interest, therefore paying off your loan sooner rather than later. Be sure to save, like, and share this video.