PAYMENT PLAN
Standard fixed-instalment plan
The best-known plan: the same amount every month. The instalment stays put while the interest inside it falls month by month and the principal share rises.
The annuity
The instalment comes from the amount, the term and the monthly rate through the annuity formula. Early instalments are mostly interest; the last ones are almost all principal.
Who it is for
The default for a steady budget and for the banker who wants the plan that is easiest to explain. It is free.
Frequently asked
And if I want less total interest?
The equal-principal plan produces less total interest on the same terms, in exchange for higher early instalments.
How do interest and principal split inside an instalment?
The interest share is high at first and the principal share small; with every instalment the principal share grows. The amortisation table shows the split row by row.
Is this plan free?
Yes. The standard fixed-instalment plan is open to everyone; the other six plans come with Bankacı Premium.
See also: Seven payment plans · Equal-principal plan · Smart plan suggestions
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