EMICalculator.site

Use this biweekly loan calculator to find repayment and interest amount with full amortization schedule for loans with biweekly 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 10 equal payments every two weeks at 12% per year.

Biweekly payment: **1025.56**, Total interest: **255.6**

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

1 | 46.15 | 979.41 | 9020.59 |

2 | 41.63 | 983.93 | 8036.66 |

3 | 37.09 | 988.47 | 7048.19 |

4 | 32.53 | 993.03 | 6055.16 |

5 | 27.95 | 997.61 | 5057.55 |

6 | 23.34 | 1002.22 | 4055.33 |

7 | 18.72 | 1006.84 | 3048.49 |

8 | 14.07 | 1011.49 | 2037 |

9 | 9.4 | 1016.16 | 1020.84 |

10 | 4.71 | 1020.85 | 0 |

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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.