BUSINESS LOAN
Revolving credit calculation
A revolving account is drawn and repaid within a limit; interest follows how much was used for how many days. Bankacı values every movement on its own day count.
Interest by movement
Each draw and repayment is entered with its date; interest accrues on the balance in between for the days it stood, and is collected at the period's end.
Period close
Period interest and BSMV are added to the debt at the close; Bankacı shows the closing balance and that period's interest separately.
Frequently asked
How does it differ from an overdraft?
The mechanics are the same — interest by the day — but an overdraft is a consumer product under the CBRT maximum rate; revolving credit is a business product.
What does the interest run on?
Only on the amount actually used, for the days it is used; the unused part of the limit carries no interest. Movements are entered day by day.
When is the interest charged?
It accrues at the end of the period and is charged together with BSMV; Bankacı computes the interest and its tax for the period you enter.
See also: Instalment, spot, revolving and discount · Spot loan calculation · Overdraft and credit card interest
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