How are BSMV and KKDF applied to loan interest?

Banking and Insurance Tax

Turkish BSMV and KKDF Calculator (Loan Interest, Bank Fees)

Calculate Turkish banking and insurance transaction tax (BSMV), KKDF and the total on interest, fees or insurance.

Things to keep in mind

Rates vary by loan type (mortgage, vehicle, consumer, commercial) and transaction; check your bank's rates.

Calculator

Result

Enter the values and press Calculate to see the result here.

About this tool

BSMV is charged on interest, commissions and fees earned in Turkish banking and insurance transactions; consumer loans also carry the KKDF fund charge on interest. Rates depend on the transaction type, so you enter them.

How to use

Enter the interest, commission or fee.
Enter the BSMV rate.
Enter the KKDF rate, if any, and press Calculate.

Notes

BSMV and KKDF apply to the interest/commission part; principal is not taxed.

Frequently asked questions

Each instalment's interest is multiplied by the BSMV and KKDF rates separately and the results are added.

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Last updated: September 30, 2026