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It is the process by which banks or other institutions, in addition to their equity, lend the time and demand deposits in Turkish Lira or foreign currency they collect and the funds they obtain outside the bank to those in need within the legal limits and within the framework of the internal regulations of the bank, on condition that they will be repaid after a certain period of time, or, although it does not mean debt, it is the process of guaranteeing the commitment of one of the parties and / or the debts arising from this commitment.
The payment table agreed upon at the time of use, including the maturity, interest rate, amount of installments to be paid, taxes and funds.
First, interest is calculated for the amount to be borrowed at the rate determined for the relevant maturity period. By distributing this interest over the months, the amount to be paid in each installment is obtained.
If you enter the amount of debt you will borrow from the relevant credit institution, the term and the loan interest rate in our calculation tool, the payment table prepared in accordance with the interest rate you enter is created by our calculation tool.
The period of repayments determined when using the loan.
According to a communiqué issued by the Ministry of Finance in January 2004, consumer loans are exempt from stamp duty; however, KKDF and BSMV are accrued on the interest on each installment and these amounts are collected by the banks to be paid to the relevant institution. Housing and home improvement loans are exempt from KKDF.
Bank Insurance Transactions Tax. It is calculated on the profit and collected by the bank or the relevant institution from its customers to be paid to official institutions.
Resource Utilization Support Fund. As with the BITT, it is calculated on the profit and collected from customers by the bank or the relevant institution to be transferred to the state.
If you select the most suitable loan calculation option when making a transaction, you can easily compare the offers of the banks registered in the system without the need to enter an interest rate.
