Part payment and payoff
The payoff on a loan closed early is not the sum of the instalments left. It is the outstanding principal plus the interest run since the last instalment and the tax on it.
Updated: 2 November 2026
Early loan payoff calculation
Enter the loan amount, the term and how many instalments are paid; we will show the payoff amount.
Based on the 4.17% average monthly rate people entered over the last 7 days. Not a bank offer. KKDF 15% and BSMV 15% included. No early repayment compensation is charged on a personal or vehicle loan.
The example loan
250,000 TL · 24 months · 4.17%
Paid off after instalment 12
- Estimated payoff amount
- 163,320.63 TL
- The remaining 12 instalments in total
- 226,401.69 TL
- Difference (early repayment rebate)
- 63,081.06 TL
KKDF 15% and BSMV 15% included. Not any bank's offer.
Average over the last 7 days (26 October – 2 November 2026). Loan interest rates: user averages →
What the early repayment rebate is
Closing early, the interest and tax for periods not yet run are not collected. The payoff is the outstanding principal, the interest run since the last instalment and its tax; on a housing loan any compensation is added. The gap between the remaining instalments and the payoff is the early repayment rebate.
Does a part payment cut the term or the instalment
Either is possible and the results differ: keeping the term and lowering the instalment saves less interest than keeping the instalment and shortening the term. Bankacı produces the remaining plan after the payment.
An early lump sum is worth more
The sooner the payment is made, the longer the outstanding principal stays lower. The same amount paid halfway through a plan saves less than the same amount paid near the start.
The number the customer is expecting
The settlement figure and the sum of the remaining instalments are two different numbers, and customers usually have the second one in mind. Bankacı shows both; the gap is the interest, and the tax on it, that will not be charged.
Paying off a personal or vehicle loan early
The bank must cut the interest and other costs in line with the amount paid early. No compensation or commission is charged. A part payment is one or more instalments; Bankacı asks for at least one.
Paying off a housing loan early
On a fixed-rate housing loan the bank may charge compensation if the contract says so: at most 1% of the amount paid early when up to 36 months remain, 2% beyond. None on a variable-rate loan. Bankacı also caps it at the interest the payoff removes.
Paying off a business loan early
The bank must accept full payoff and may charge a fee; it need not accept a part payment. For a fixed-rate TL loan drawn from 1 July 2024 the ceiling is (annual compound rate × 5%) + (weighted average remaining term in months × 0.20%) of the amount paid early. Bankacı shows the bank's own fee and the legal ceiling separately.
Frequently asked
What is a part payment?
Paying part of the principal before the term ends. After the payment the instalment or the term is set again.
What is the payoff amount?
What it takes to close the loan in full today: the outstanding principal, the interest run since the last instalment and its tax, and any early repayment compensation. If the payoff falls on an instalment day, that instalment is paid as well.
Why is the loan payoff amount not the sum of the remaining instalments?
Those instalments still contain interest for periods that have not run. On payoff that interest is not collected, so the payoff figure is always lower.
Is the early payoff rule the same at every bank?
On personal, vehicle and housing loans the rule comes from the law and is the same at every bank; on a housing loan the contract decides whether compensation is charged. On a business loan the CBRT sets the ceiling, and the bank applies its own fee below it.
Is there compensation on a mortgage?
On a fixed-rate mortgage, if the contract says so. The ceiling is 1% of the amount paid early when up to 36 months remain, 2% beyond. None on a variable-rate loan.
Sources
- Consumer Protection Law no. 6502, article 27 (early repayment of a consumer loan) and article 37 (early repayment of a housing loan and the compensation ceiling), current text, read on 13 October 2026: mevzuat.gov.tr
See also: Retail loans: personal, vehicle and housing loan calculation · Mortgage transfer calculation · Housing loan calculation · Personal loan calculation · Vehicle loan calculation · Glossary
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