BDDK Announces New Regulations Regarding Credit Card Minimum Payments and Mobile Phone Loans - Sözcü Newspaper
19 Articles
19 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.
The Banking Regulation and Supervision Board (BDDK) has redefined consumer loan terms for mobile phone purchases according to price tiers, and updated the credit limit thresholds used for minimum payment rates on credit cards.
The Banking Regulation and Supervision Agency (BDDK) has introduced new regulations regarding minimum payment amounts on credit cards and consumer loans used for mobile phone purchases. The critical threshold for card limits has been raised, and the terms and conditions for obtaining credit for refurbished phones have also been changed.
The Banking Regulation and Supervision Agency (BDDK) has updated the limits for consumer loans used to purchase mobile phones. Mobile phones priced under 40,000 Turkish Lira can be purchased with a 12-month installment plan. The minimum payment limits for credit cards have also been increased to 100,000 Turkish Lira.
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.
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