PAYMENT PLANPREMIUM
Equal-principal plan
The principal falls by the same amount each month; interest is charged on what remains. The instalment starts high and falls every month — total interest is lower than the standard plan's.
First instalment, last instalment
Bankacı shows the first and the last instalment together; the gap between them is the figure most used when explaining this plan.
Who it is for
A customer who can carry the early instalments and wants to cut the total cost — especially on a long housing loan.
Frequently asked
How much is saved against the standard plan?
It depends on the amount, term and rate; Bankacı compares the two plans on the same inputs side by side.
Why is the first instalment the highest?
The principal is the same every month while the interest is charged on the balance left; the balance is highest at the start, so the interest is too, and the instalment falls every month.
Which customer is it for?
One who can carry the high early instalments and wants to pay less interest in total.
See also: Seven payment plans · Standard fixed-instalment plan · Housing loan calculation
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