# How to Calculate Credit?

You can perform loan calculation over the internet at no cost. When calculating the loan, the interest rates of the loan you will receive, the contracted banks can offer them at a discount.

## Credit interest rate calculation

Loan amounts that are stated as discounted are only valid for applications by members of our site. Here are some things to consider when calculating credit.

### Interest rate calculation

The most important factor in loan calculations is interest rates. Those who will apply for the loan first look at the loan interest rates. The interest rate directly affects your monthly installments and total reimbursement amount in loan calculations. Although interest rates affect your monthly amount and total reimbursement amount, it is not a sufficient factor alone.

### Determining the maturity period

The main factor that determines the interest rate of the loan is usually the maturity period. If you want the interest rate to be low, you should keep the loan’s maturity time short. As the maturity period of the loan increases, the interest rates will increase at that rate. Interest rates are very important, as the loan rate you will attract is particularly high in housing loans.

### Deciding on the type of loan

After deciding on the type of loan, you must determine which type of loan is right for you. The important point here is that the loan meets your needs and the suitability of the payment terms. For this reason, you need to follow the credit campaigns of the banks.

### Annual cost rate

One of the places that you will pay attention to when determining credit is the annual cost rate. The rate that includes all cost amounts is called the annual cost rate, and it is all you need to pay to the bank.

## What are the Cost Items in Housing Loan Calculation?

In the housing loan calculation, the amount you will repay in total may affect not only the ratio of the housing loan interest rates and the loan file cost, but also additional expenses such as earthquake insurance costs and the bank expert review price.

• File expense: It is determined as 5 per thousand of total loan.
• Appraisal fee: The fee arising from the examination of the house you will purchase by bank experts.
• TCIP: Natural disaster insurance has become mandatory in housing loans.
• Life insurance: Some banks may want to take out life insurance, although it is not compulsory.

## What Should Be Considered in Credit Calculation?

Credit calculation tool can be used while calculating credit. When calculating credit, we need to pay attention to the file costs as well as interest amounts. The reason is that, in addition to the loan interest rates, both the file cost and the insurance amount are added to the total loan payment amount of the loans you will withdraw individually. The payment charged by the banks as the file opening fee is called the file expense.

The file cost is as much as the other types of credit, ie five thousandth of the loan. By using the loan calculation robot of our site, you can easily determine the most suitable loan rates by performing the operations such as calculating the installment of your loan and determining the rates of interest loans.

### What Does Credit Calculation Do?

You can inquire the current interest rates offered by banks, provided that you make credit calculations on our site. You can also find out the monthly installment amounts corresponding to interest rates, as well as your total repayments. By entering the loan calculation site, you can compare which bank’s interest rate is more suitable and the banks’ interest rates.

After you can easily determine the most suitable loan type for your budget, you can save time without going through the banks branch by branch. You can even apply for the loan you choose on the site without going to the bank.

### Credit Calculation Formula

What is a loan calculation? What does the loan calculation formula consist of? We need to find answers to their questions. The amount of credit you will withdraw is based on the formula. The amount of loan you want to withdraw from the bank is certain according to your credit rating and income status. If your credit rating in question is high, the probability of withdrawing the loan will increase.

In loan, the amount of monthly installments can not be proven, can not exceed fifty percent of the income of the house. People living alone are calculated according to your income.