Personal Loan Calculation Based on Monthly Installment Amount

Enter the monthly installment amount you can afford, and instantly calculate the maximum loan amount you can get, interest rates, and a detailed payment schedule.

Loan Parameters

Enter the amount and term details for your calculation.

TL
Months
%

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Fill in the form on the left and calculate to see your loan details, monthly cost rates, and payment schedule.

Personal Loan Calculation Guide

When calculating your personal loan, it is important to accurately understand the monthly installment amount, total repayment, and legal tax deductions such as KKDF and BSMV. You can easily determine the most suitable loan option for your budget with up-to-date interest rates offered by banks.

How is a Loan Installment Calculated?

When making a personal loan calculation; the borrowed loan amount, the interest rate applied by the bank, and the preferred term duration are taken as the basis. In fixed-installment payment schedules (annuity), both principal repayment and interest charges are included in the monthly payment.

Legal Taxes: KKDF and BSMV Deductions

Two main legal deductions are applied to the net monthly interest calculated on personal loans:

  • KKDF (Resource Utilization Support Fund): 15% of the calculated net interest
  • BSMV (Banking and Insurance Transaction Tax): 15% of the calculated net interest

Therefore, the gross interest rate is reflected in the installment as 30% higher than the net interest rate announced by the bank.

Personal Loan Calculation Formula

Installment Amount = K × [ (i × (1 + i)ⁿ) / ((1 + i)ⁿ - 1) ]
K: Loan Principal (TRY)
i: Gross Monthly Interest Rate (Net Interest + Taxes)
n: Term (Number of Months)

Things to Consider When Taking Out a Personal Loan

BDDK Legal Term Limits

In accordance with regulatory rules, maximum loan terms are capped based on the loan amount. For higher loan amounts, the maximum allowed term limit decreases.

Impact of Credit Score (Findeks)

When your credit score is high, you can receive special pre-approved loan offers with lower interest rates from banks.

Early Closure and Principal Repayment

You can make partial principal payments or close your loan early at any time, reducing your overall interest burden.

Frequently Asked Questions