Early repayment penalties or fees may apply on some loans.This penalty can be a fixed amount or a percentage.
Early repayment penalties or fees may apply on some loans.This penalty can be a fixed amount or a percentage.
Loan Early Closing Profit Loss Calculation
How to Use?
1
Loan Early Closing Profit Loss Calculation ${currentYear} |Real Earnings – Free
Enter Credit Information
2
Enter the loan type, amount, interest rate, maturity, number of remaining installments and monthly installment amount.
Specify Early Closing Details
3
Enter the early closing discount rate and early payment penalty/fee.
See Real Profit/Loss
What is this tool for?
Kâr/Zarar Analizi
Krediye devam etme maliyeti ile erken kapama maliyeti karşılaştırılır. Net kâr veya zarar açıkça gösterilir.
{dict.tool_kredi_erken_kapama_hesaplama?.deepDive?.[23]}
Bankalar erken kapamada faiz indirimi uygulayabilir. Bu indirim kalan anapara üzerinden hesaplanır.
Erken Ödeme Cezası
Bazı kredilerde erken ödeme cezası veya ücreti uygulanabilir. Bu ceza sabit tutar veya yüzde olabilir.
When should you use this?
About Loan Early Closing
Loan early closing is the process of closing the loan completely before its term. This process is carried out by paying the remaining principal amount and adding any early payment penalties/fees. Early closing can provide interest savings but may not always be profitable due to penalties and fees.
Real Amortization Calculation
The remaining principal amount is calculated using the real amortization formula:
Formula:
PV = PMT × ((1 - (1 + r)^-n) / r)
PV:
Remaining principal (Present Value)
PMT:
Monthly installment amount
r:
Monthly interest rate (annual interest / 12)
n:
Number of remaining installments
This formula provides accurate results at the bank level instead of simplified calculations.
Profit/Loss Calculation
Early closing profit or loss is calculated as follows:
Cost of Continuing the Loan:
Total amount of remaining installments
Early Closing Cost:
Remaining principal + Penalty + Early payment penalty/fee
Net Profit/Loss:
Cost of continuing - Early closing cost
Early Closing Discount
Some banks apply interest discounts on early closing. This discount:
Is applied to the interest amount calculated over the remaining principal
Discount rate varies from bank to bank
Generally varies between 0% and 50%
No discount is applied on some loans
Early Payment Penalties and Fees
Early payment penalties and fees:
Fixed Amount:
A specific TL amount (e.g., 500 TL)
Percentage:
Percentage of the remaining principal (e.g., 2%)
None:
Frequently Asked Questions
No, early closing is not always profitable.Early payment can be detrimental due to penalties and fees.The calculation tool helps you make a decision by performing a profit/loss analysis.
No, early closing is not always profitable.Early payment can be detrimental due to penalties and fees.The calculation tool helps you make a decision by performing a profit/loss analysis.
No, early closing is not always profitable.Early payment can be detrimental due to penalties and fees.The calculation tool helps you make a decision by performing a profit/loss analysis.