Spot loan calculation
A spot loan is for a business waiting on a specific receipt: the principal and the interest are paid together at maturity.
Updated: 2 November 2026
Cash flow
Nothing is paid during the term. At maturity the principal, the interest and BSMV are paid together. Interest = principal × annual rate × days / 360; BSMV is 5% of the interest. Bankacı shows the interest, BSMV and the total due at maturity separately.
When it fits
When a receivable, a harvest or a project payment has a known date, and a regular instalment is not wanted.
The principal has to be there at maturity
The principal does not come down at all during the term; at maturity the whole of it falls due at once. If the expected receipt is late the loan has to be renewed, and the new period opens at that day's rate.
The day count
On a short-dated product a few days makes a visible difference to the total interest. Drawdown and maturity dates belong in exactly; a calculation rounded to whole months gives the customer the wrong figure.
Frequently asked
Is total interest higher than on an instalment loan?
The principal never falls during the term, so at the same rate and term the total interest is higher; in return the cash burden in between is low.
When is the interest on a spot loan paid?
At maturity, in one sum together with the principal; there are no interim payments. Bankacı shows the amount due at maturity and the interest inside it.
How is the term entered?
As a drawdown date and a maturity date; the interest is computed on the number of days between them. Spot is a short-term product, which is why the day count matters.
See also: Business loan calculation · Instalment business loan calculation · Revolving credit calculation
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