BDDK Announces New Regulations Regarding Credit Card Minimum Payments and Mobile Phone Loans - Sözcü Newspaper
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16 Articles
The Banking Regulation and Supervision Board (BRSA) has redefined the maturity limits for consumer loans and the minimum payment rates for credit cards in mobile phone purchases. The BRSA has redefined the maturity limits for consumer loans and the minimum payment rates for credit cards in mobile phone purchases...
The Banking Regulation and Supervision Agency (BDDK) has redefined the maturity limits for mobile phone loans and the minimum payment threshold for credit cards. Loans with a 12-month maturity will be available for mobile phones up to 40,000 TL and refurbished phones up to 50,000 TL. A minimum payment of 20% will be required for credit cards.
According to the new regulation by the Banking Regulation and Supervision Agency (BDDK), the loan term for mobile phones priced at 40,000 Turkish Lira and below has been extended to 12 months, while for phones above that price, it has been extended to 3 months. For credit cards with limits of 100,000 Turkish Lira and below, the minimum payment amount has been set at 20% of the outstanding balance.
The Banking Regulation and Supervision Agency (BDDK) has implemented two important regulations directly affecting financial consumers and markets. With these decisions, the minimum payment limit for credit cards has been increased from 50,000 TL to 100,000 TL, while the 12-month loan limit for consumer credit used to purchase mobile phones has been doubled. The ban on installment payments for the purchase of new phones via credit cards remains u…
The Banking Regulation and Supervision Board (BRSA) has redefined the limits for consumer loans used to purchase mobile phones. The maximum loan term for mobile phones priced at 50,000 TL and below has been set at 12 months.
The Banking Regulation and Supervision Board (BDDK) has introduced new regulations regarding minimum payment amounts for consumer loans and credit cards used for purchasing mobile phones... October 2, 2026, Sputnik Türkiye
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