Credit Card Installment Cash Advance Calculator

Calculate your monthly payment and total interest when using an installment cash advance.

Note: This calculation assumes a 4.50% monthly interest rate. BSMV (15%) and KKDF (15%) taxes are added to the interest to calculate the total cost.

Warning: This tool is for informational purposes only. Contact your bank for exact rates and fees.

What is a Credit Card Installment Cash Advance? How is it Calculated and When is it Applied?

Withdraw Cash with Your Credit Card and Pay in Installments

A credit card installment cash advance allows you to withdraw cash from your credit card and repay it in installments with interest and taxes. This can provide quick financing when unexpected expenses arise.

In This Guide:

  • What is an installment cash advance?

  • How to request it?

  • Interest rates and taxes

  • How it is calculated

💡 Want to calculate now? Use our Credit Card Installment Cash Advance Calculator at the top of the page to see your monthly installment and total interest in seconds!

What is an Installment Cash Advance?

An installment cash advance is when you withdraw cash from your credit card and agree to repay it over multiple installments, including interest and applicable taxes.

Example:

  • You withdraw 5,000 TL.

  • You choose 6 monthly installments.

  • Your monthly payments include both interest and taxes.

How to Request an Installment Cash Advance

  • Through your bank’s mobile app or online banking.

  • At a branch or ATM.

  • Must be requested before the transaction is posted on your statement.

Maximum Number of Installments

In Turkey, banks offer 2 to 12 installments for cash advances.
Legally, the maximum installment period cannot exceed 12 months.

Interest and Taxes for Installment Cash Advances

  • Interest Rate: Usually 4.50% per month (maximum contractual rate set by the Central Bank of Turkey, TCMB).

  • BSMV Tax: 15% of the interest.

  • KKDF Tax: 15% of the interest.

💡 Note: These taxes increase the total cost on top of the interest amount.

How to Calculate Installment Cash Advances

Installments are calculated using the equal installment (annuity) formula:

Monthly Payment=K⋅r⋅(1+r)n(1+r)n−1\text{Monthly Payment} = \frac{K \cdot r \cdot (1+r)^n}{(1+r)^n – 1}

Where:

  • K = Cash advance amount

  • r = Monthly interest rate

  • n = Number of installments

Example Calculation:

  • Advance Amount: 5,000 TL

  • Installments: 6

  • Monthly Interest: 4.50% ÷ 12 = 0.375%

Monthly Payment≈879.15TL\text{Monthly Payment} \approx 879.15 TL

⚠️ Note: Add 15% BSMV and 15% KKDF on top of this interest.

Frequently Asked Questions (FAQ)

Q: When can I apply for an installment cash advance?
A: You must apply before the transaction is posted on your statement.

Q: Is the cash advance interest always 4.50%?
A: This is the maximum rate set by the Central Bank (TCMB). Banks are required to apply this rate.

Q: What taxes are added to cash advance interest?
A: BSMV (15%) and KKDF (15%) are applied on the interest.

Q: How much cash can I withdraw?
A: Depends on your card limit, credit score, and bank policies.

Conclusion: Use Cash Advances Wisely

Installment cash advances can help with unexpected expenses. However:

  • Always consider interest and taxes,

  • Avoid withdrawing more than needed,

  • Calculate the total cost before making a decision.

🏦 Warning: This calculator is for informational purposes only. For exact rates and fees, contact your bank.