Hi Mary Grace Rollo,

While creating the Loan product you can set Repaid every 2 months, and 
while creating the loan account for a client you can specify the "First 
repayment on" so that on that particular date first repayment will happen 
and on every 2 months on same date.

This modification wont affect the already existing accounts, please let me 
know if you have any doubts.
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