Credit Card Cash Advance Calculator
Enter the amount and the number of instalments. The monthly instalment, interest, KKDF, BSMV and annual cost of a cash advance are worked out at the CBRT maximum rate for cash.
- Monthly rate used4.25%
- Total interest3,108.09 ₺
- KKDF (loan fund levy)466.21 ₺
- BSMV (banking tax)466.21 ₺
- Cash advance fee (with BSMV, at most)0.00 ₺
- Total repayment24,040.51 ₺
- Annual cost rate90.66%
Card rate caps: TCMB
Card instalment limits: BDDK
Fee caps: TCMB
KKDF rate: GİB / Cumhurbaşkanı Kararı
BSMV rate: GİB / Cumhurbaşkanı Kararı
Payment schedule
How it is calculated
A cash advance draws cash on your card limit. Unlike a purchase, interest runs from the day you withdraw, and the central bank sets a separate, higher maximum rate for cash. Instalment cash advances carry no fee, and can run for at most 12 months.
Taksit = Tutar × r′ ÷ (1 − (1 + r′)^−n), r′ = r × (1 + KKDF + BSMV)r: the cash rate; empty means the CBRT maximum 4.25% · KKDF 15%, BSMV 15% · a single-payment advance may carry a fee of at most 1% plus BSMV.Example
A ₺20,000 cash advance over 6 instalments at 4.25% a month with 15% KKDF and BSMV is ₺4,006.75 a month, ₺24,040.51 in total; the annual cost rate is 90.66%.
Frequently asked questions
How much is the cash advance fee?
Instalment advances carry no fee. A single-payment advance may carry at most 1% of the amount plus BSMV; another bank’s ATM fee may be passed on as well.
Why is cash advance interest so high?
The central bank sets the cash maximum at the top tier (4.25% a month) and interest starts on the day you withdraw. With KKDF and BSMV the monthly cost is about 1.3 times the rate.