EMICalculator.site

Use this semi-monthly loan calculator to find repayment and interest amount with full amortization schedule for loans with semi-monthly 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 2 equal payments twice a month for three months at 12% per year.

Semi-monthly payment: **1695.95**, Total interest: **175.73**

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

1 | 50 | 1645.95 | 8354.05 |

2 | 41.77 | 1654.18 | 6699.86 |

3 | 33.5 | 1662.45 | 5037.41 |

4 | 25.19 | 1670.76 | 3366.64 |

5 | 16.83 | 1679.12 | 1687.52 |

6 | 8.44 | 1687.51 | 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.