EMICalculator.site

Use this bimonthly loan calculator to find repayment and interest amount with full amortization schedule for loans with bimonthly payments.

Download App: Calculate loan repayments with this all-in-one calculator for Android and iPhone/ iPad.

Sample calculation for a loan of 10000 with 6 equal payments every two months at 9% per year.

Bimonthly payment: **1755.25**, Total interest: **531.51**

Sl. | Interest | Principal | Balance |
---|---|---|---|

1 | 150 | 1605.25 | 8394.75 |

2 | 125.92 | 1629.33 | 6765.42 |

3 | 101.48 | 1653.77 | 5111.64 |

4 | 76.67 | 1678.58 | 3433.06 |

5 | 51.5 | 1703.75 | 1729.31 |

6 | 25.94 | 1729.31 | 0 |

Advertisement

Disclaimer:- The content of this website does not constitute financial advice and is solely meant for information purpose. The calculations are accurate as per the prescribed formula.