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Location Halkali merkez neighborhood fatih st ozgur apt no 46 , Kucukcekmece , Istanbul , 34303 , TR
Free Online Tool

Loan Calculator

Enter loan amount, interest rate and term to instantly calculate your monthly payment, total interest and detailed amortization schedule.

Monthly PaymentTotal InterestAmortizationFree
%
Payment CalcFixed monthly installment
Total CostPrincipal plus interest
AmortizationMonth by month schedule
FlexibleCustom amount, rate, term
01
Formula

Loan Payment Formula

Loan Payment Formula

Payment = Principal × [i × (1+i)^n] / [(1+i)^n - 1]

i = monthly rate (percent/100), n = term (months), Principal = loan amount

02
Step by step

How is a Loan Calculated?

Calculate your loan in 3 steps.

1

Enter loan details

Enter amount, monthly interest rate and term.

2

Click Calculate

Monthly payment, total interest and total payment shown instantly.

3

Review amortization

Detailed table showing principal, interest and balance for each month.

Tips

  • Bank rates vary; confirm current rates with your bank.
  • BSMV (15%) and KKDF (10%) are added to interest for true cost.
  • Shorter terms significantly reduce total interest.

Important Notes

  • This is informational; exact amounts may vary by bank.
  • Processing fees and insurance not included.
  • Variable rate loans may have different monthly payments.
03
Tools

Related online tools

04
FAQ

Loan Calculator — FAQ

How is monthly payment calculated?

Using the annuity formula with loan amount, monthly rate and term. Each payment includes principal and interest.

What are BSMV and KKDF?

BSMV is 15% bank tax, KKDF is 10% fund on interest. Together they add 25% to interest cost.

How to find monthly interest rate?

Banks state monthly rates at application. Divide annual rate by 12 for monthly.

How is total interest calculated?

Total Interest = (Monthly Payment × Term) - Loan Amount.

What happens with longer terms?

Monthly payment decreases but total interest increases.

Can I make early repayment?

Yes. Early repayment saves on remaining interest. Check prepayment fees with your bank.

Is mortgage calculation different?

Same formula, but mortgage may have different KKDF and insurance requirements.

Is this tool free?

Yes. Completely free, no registration required.

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