Mortgage Calculator
Enter the loan amount, the monthly interest rate and the term. The monthly payment, total interest and payment schedule update as you type.
- Loan amount2,500,000.00 ₺
- Total interest6,905,640.01 ₺
- Loan taxes (KKDF + BSMV)0.00 ₺
- Total repayment9,405,640.01 ₺
Source: Hazine ve Maliye Bakanlığı (Cumhurbaşkanı Kararı, Resmî Gazete) being checked against the source
Source: GİB / Cumhurbaşkanı Kararı being checked against the source
Payment schedule
How it is calculated
Turkish home loans are repaid in equal monthly instalments. Early payments are mostly interest; as the balance falls, the interest share shrinks and the principal share grows.
Taksit = A × r ÷ (1 − (1 + r)^−n)A: loan amount · r: monthly rate (3.05% → 0.0305) · n: term in months. For taxed loans r is increased by the KKDF and BSMV rates.- Divide the monthly rate by 100.
- Use the formula to find the fixed monthly payment.
- Each month, interest on the remaining balance is taken from the payment; the rest reduces the principal.
Example
A ₺2,500,000 loan at 3.05% a month over 120 months has a monthly payment of ₺78,380.33. Over 120 payments you repay ₺9,405,640.01, of which ₺6,905,640.01 is interest.
Frequently asked questions
Are KKDF and BSMV charged on home loans?
No. Consumer loans used to buy a home are exempt from both KKDF and BSMV, so no tax is added to the payment.
Is there a penalty for paying off early?
For fixed-rate home loans the bank may charge an early repayment fee: at most 1% of the amount repaid early if 36 months or less remain, at most 2% if more remain.
Should I enter a yearly or monthly rate?
Monthly. Turkish banks quote home loan rates per month. If you have a yearly rate, divide it by 12.