Loan and Deposit Comparison for Turkey
Assumes you take a loan in Turkey, place the same amount in a deposit and pay the instalments from that account. KKDF, BSMV and withholding are Turkish tax assumptions. The result is not a bank offer; day-count rules may differ by bank.
Assumes the deposit is renewed each month at the same rate and that loan instalments are paid from that account.
Withholding is tax deducted from interest. The suggested rate follows the monthly renewal assumption; the rate you enter is not an officially verified rate.
Loan details
Equal instalment repayment
Amounts charged once at disbursement, such as arrangement fees or insurance. Deducted only once.
Deposit details
Monthly renewal assumption
Enter the annual gross rate from your bank; it does not update automatically.
Same as the loan term. The deposit renewal term used for withholding is separate (1 month in this model).
Loan amount minus upfront fees.
In this model the deposit is renewed every month. The suggested withholding is 17.5% for a 1-month renewal (GİB Temporary Article 67 guide / Decision 10041). It does not change with the loan term. Enter your bank’s rate if different.
Withholding is tax deducted from interest. The suggested rate follows the monthly renewal assumption; the rate you enter is not an officially verified rate.
Enter the annual deposit rate your bank offers to see results.
End-of-term summary
Instalments are assumed paid from the deposit
Enter a valid loan amount, a term of at least 1 month and a deposit rate.
Assumes the deposit is renewed each month at the same rate and that loan instalments are paid from that account. Upfront fees are deducted once — only as you enter them. Early break penalties, inflation and the cost of external funding are excluded. Bank day-count and rounding may differ. Not a bank offer or investment advice. Choosing another language does not switch to another country’s tax rules.
Not investment advice and does not promise a guaranteed outcome. Your loan contract may restrict use of funds; commercial BSMV can vary with exemptions under Turkish rules.
How does this calculator work?
Model assumption: Assumes the deposit is renewed each month at the same rate and that loan instalments are paid from that account.
On the loan side:
- • Interest is charged each month on the remaining loan balance
- • Turkish KKDF and BSMV are added on the interest amount
- • Instalments are equal (the last may differ slightly)
- • Upfront fees do not change the instalment plan; they reduce the deposit principal
On the deposit side:
- • The account is renewed each month (simplified model)
- • Monthly interest = annual gross rate / 12
- • Withholding is deducted first, then the instalment is withdrawn
- • Withholding rate: %17.5 (you can change it)
Example: a 100,000.00 TRY loan for 8 months has total repayment 113,917.05 TRY. If you place the same amount in a deposit under this model and pay instalments from it, the break-even annual gross deposit rate is about %43.49. This does not promise a guaranteed return.
For information only. This is not a bank offer and does not promise a guaranteed return or a risk-free advantage. Day-count rules may differ by bank. Tax assumptions follow Turkish rules.