PAYMENT PLANPREMIUM
Prepaid-interest plan
Interest is collected up front; the customer receives the principal less the interest, and the instalments repay the principal.
Net drawdown
The total interest and its tax are deducted on the drawdown date; Bankacı shows the net amount separately, because that is the figure asked for.
Who it is for
Banks that offer prepaid-interest products, and customers who want the whole cost visible from day one.
Frequently asked
Is the effective cost higher?
At the same nominal rate, yes: the interest is paid up front so the net amount used is lower. Bankacı reads the total cost against the net drawdown too.
What does the customer receive?
The loan amount less the interest collected up front; Bankacı shows the net drawdown separately.
What do the later instalments pay?
With the interest taken at the start, the remaining instalments repay the principal; the schedule shows each one and the balance left.
See also: Seven payment plans · Standard fixed-instalment plan
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