New Regulation from BRSA for Mobile Phone Loans and Credit Card Limits
The Banking Regulation and Supervision Agency has reorganized mobile phone loan maturities based on prices and increased the credit card minimum payment limit threshold to 100 thousand liras.
The Banking Regulation and Supervision Agency has updated maturity limits for consumer loans used for purchasing mobile phones while raising the limit threshold used in calculating the minimum payment amount for credit cards.
Mobile Phone Loan Maturities
Within the scope of the Banking Regulation and Supervision Agency's decision dated October 1, 2026, maturity limits for consumer loans used for purchasing mobile phones were redetermined based on the price of the phone. Accordingly, the loan maturity will be applied as 12 months for mobile phones priced at 40 thousand liras and below.
Maturity on High-Priced Phones
For mobile phones priced above 40 thousand liras, the loan maturity was reorganized to be 3 months. In line with these decisions, financing conditions will vary according to the market value of the device.
Refurbished Phone Regulation
A different price limit will apply to mobile phones with the status of refurbished products. The maturity will be applied as 12 months for refurbished mobile phones priced at 50 thousand liras and below, and 3 months for phones priced above 50 thousand liras.
Refurbished Seller Condition
To benefit from the refurbished product regulation, the business where the sale is made must have the qualification of a renewal center or authorized dealer within the scope of the relevant regulation. Standard rules will apply in places that do not meet this condition.
Credit Card Minimum Rate Limit
The limit threshold used in determining the minimum payment amounts on credit cards was also changed. With the new regulation, the threshold, which was previously 50 thousand liras, was raised to 100 thousand liras.
Card Debt Payment Rates
For credit cards with a limit of 100 thousand liras and below, the minimum payment amount will be 20 percent of the period debt. For cards with a limit above 100 thousand liras, the minimum payment rate will be applied as 40 percent.
Rules for Purchasing Phones with Cards
No changes were made to the current practices regarding credit cards in mobile phone purchases. The installment ban on the purchase of mobile phones that do not have the status of refurbished products with credit cards will continue.