Financing Calculation Tool
Calculate your estimated net payment by entering the maturity and amount of your check or invoice.
Calculation Logic
Cost in factoring transactions consists of 3 main items:
- Discount: Calculated as Principal × Days × Annual Interest Rate / 36000.
- Commission: Calculated as 1% of the check amount.
- BSMV: Banking and Insurance Transactions Tax is 5% of the total discount and commission.
How is check discounting calculated?
The amount you receive is the face value of the check minus three items: discount interest, the platform service fee (commission) and 5% BSMV calculated on the sum of those two. Discount interest is directly proportional to the days remaining until maturity, so the longer the maturity, the higher the cost.
The formula is: discount interest = check amount × days remaining × annual interest rate ÷ 36000. The commission is charged as a percentage of the check amount. BSMV is calculated not on the principal but only on the sum of interest and commission. The tool above shows all three items separately, so you can see where each amount goes before applying.
Frequently asked questions about the calculation
- How do I calculate check discounting?
- Enter the check amount, the days remaining until maturity and the annual interest rate. The tool calculates discount interest, commission and BSMV separately and shows the net amount instantly. The result is an estimate; the exact rate is set by the financial institution's assessment.
- Are check discounting and check factoring calculations the same?
- Yes, they are two names for the same transaction. Banking and factoring language calls it check discounting, while everyday speech calls it cashing or discounting a check. The calculation method is identical in all cases: discount interest over the remaining days, commission and BSMV.
- What determines the rate in a factoring calculation?
- The rate depends on the maturity and amount of the check, the payment record of the company that issued it and current market conditions. Different factoring companies may quote different rates for the same check, so collecting several offers with a single application lowers the cost directly.
You can find all commission, fee and BSMV items in our transparent pricing table.
See the pricing pageAll your transactions are under state supervision and legal guarantee.
Çekinpara, finansal teknolojiler alanında en yüksek güvenlik standartlarını uygular. Verileriniz ve işlemleriniz yasal güvence altındadır.
BRSA Supervision
All financial institutions on our platform are licensed by the Banking Regulation and Supervision Agency.
Data Security
Your data is protected at international standards with ISO 27001 Information Security Management System certification.
Encrypted Communication
All data transfers are end-to-end encrypted with 256-bit SSL encryption technology.
Çekinpara, finansal kuruluşlarla işletmeler arasında köprü görevi gören bir teknoloji platformudur.