Per Diem Interest and the Half Payment Method


  • Per Diem interest is charged on loans, like home mortgages daily. This means that interest is accrued on the total balance every day.
  • Every loan type is different, and will be different from person to person dependent on their specific situations.
  • The half payment method is when you make a payment on your loan either every two weeks, or twice monthly instead of only once monthly when it’s due. You just cut the total balance due every month by two and pay twice.
  • The half payment method reduces the interest accrued, especially on a loan with per diem interest.
  • GHS is here to help with any questions concerning your accounts and managing your money goals! Stop in to a branch or call us if you need us at (800) 732-4447.