Personal Loan Calculator
Calculate the personal loan installment and total cost using loan amount, monthly interest rate, maturity, fees, and insurance information.
Monthly installment = P × r × (1+r)^n / ((1+r)^n - 1). P: loan amount, r: monthly effective rate, n: maturity in months.
The calculation is based on the fixed installment loan/amortization formula. Since CBRT (TCMB) rates, bank offers, BRSA (BDDK) regulations, and current rates published in the Official Gazette may change, interest, tax/fund, and fee fields are left as user input.
This tool is prepared for informational and estimated planning purposes. The contract, payment plan, and current legislative provisions provided by the bank should be taken as a basis; it is not an official financial offer or legal opinion.
Frequently Asked Questions
How is the personal loan installment calculated?
For fixed-installment loans, the annuity formula is applied using the loan amount, monthly effective interest rate, and maturity. Within the installment, the interest share is higher in the first months, and the principal share is higher in the last months.
Are total repayment and total cost the same thing?
They are not always the same. Total repayment is the sum of the monthly payments; total cost is this sum plus additional items like upfront allocation/file fees.
Are BSMV, KKDF, or insurance included?
In this tool, the tax/fund rate on interest, allocation fee, and monthly insurance fields can be entered by the user. They are not hardcoded because current rates and bank practices may change.
