Commercial Vehicle Loan Calculator
Enter the vehicle price, your down payment, the monthly rate and the term. The payment with BSMV, the total cost and the schedule of a loan taken in a business’s name are worked out.
- Loan amount1,400,000.00 ₺
- Total interest1,002,639.33 ₺
- KKDF (loan fund levy)0.00 ₺
- BSMV (banking tax)50,131.97 ₺
- Total repayment2,452,771.29 ₺
- Loan-to-price70%
- Effective annual cost49.58%
KKDF rate: GİB / Cumhurbaşkanı Kararı
BSMV rate: GİB / Cumhurbaşkanı Kararı
Payment schedule
How it is calculated
Vehicles bought in a company’s or sole trader’s name are financed with business credit: only BSMV is added to the interest. The BDDK price-based car loan limits apply to car loans to consumers; for business credit the bank sets the down payment and term. If you buy in your own name as a consumer, use the car loan calculator.
Kredi = Bedel − Peşinat; Taksit = Kredi × r′ ÷ (1 − (1 + r′)^−n), r′ = r × (1 + BSMV)r: monthly rate · n: term in months · Turkish lira business loans: BSMV 5%, KKDF 0%.Example
For a ₺2,000,000 vehicle with ₺600,000 down, a ₺1,400,000 loan at 3.25% a month over 36 months (BSMV 5%) means ₺68,132.54 a month; you repay ₺2,452,771.29 in total.
Frequently asked questions
Is a down payment required for a commercial vehicle loan?
There is no price-based legal minimum for business credit; the bank may ask for one based on the business’s credit score and the vehicle’s collateral value.
Is a commercial vehicle loan cheaper than a car loan?
On tax, yes: a consumer car loan adds KKDF 15% and BSMV 15% to the interest, a business loan only BSMV 5%. The interest rate itself depends on the bank and the business.