BDDK Announces New Regulations Regarding Credit Card Minimum Payments and Mobile Phone Loans - Sözcü Newspaper
25 Articles
25 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.
MOBISAD President Mustafa Kemal Turnacı stated that the readjustment of maturity limits for mobile phone loans would have a positive impact on the sector, and predicted an increase of up to 10% in terms of units if there are no supply and stock problems. Turnacı stated that the regulation would give a boost to domestic production and could partially compensate for job losses, and called on domestic producers not to increase prices despite rising…
With the new decision taken by the Banking Regulation and Supervision Agency (BDDK), the maturity limits and restrictions for consumer loans used for mobile phone purchases have been updated.
The Banking Regulation and Supervision Agency (BDDK) has redefined the maturity limits for consumer loans used to purchase mobile phones. Accordingly, a 12-month maturity will apply to mobile phones priced at 40,000 Turkish Lira and below, while a 3-month maturity will apply to phones priced above this amount. The BDDK also increased the minimum payment threshold for credit cards from 50,000 Turkish Lira to 100,000 Turkish Lira.
The Banking Regulation and Supervision Agency (BDDK) has made significant changes to the loan terms for consumer loans used for mobile phone purchases and to the minimum payment rates for credit cards. With the new decision, the loan term for smartphones priced at 40,000 TL and below is set at 12 months, while a 3-month term limit applies to devices priced above 40,000 TL. [Smartphone...]
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