New Installment Regulation for Mobile Phone Purchases from the Ministry of Trade
Credit installment limits for brand new and refurbished smartphone purchases have been updated, and new limits and conditions have been announced.
With a new regulation issued by the Ministry of Trade, the installment limit for brand new mobile phones has been increased, while installment options without a price limit have been introduced for refurbished phones.
New Installment Limit for Brand New Phones
Within the scope of the new regulatory amendment implemented by the Ministry of Trade, the installment limit applied to brand new mobile phones was raised from 20,000 liras to 40,000 liras.
While a 12-month maturity continues to apply for mobile phones priced at 40,000 TL and below, the 3-month maturity limit was maintained for devices above 40,000 TL.
Flexibility in Refurbished Products
In sales of mobile phones possessing the characteristic of refurbished products, a maturity option of up to 12 months was granted without considering any amount limit.
It was reported that this step was taken in line with the dynamic structure of the retail sector and the demands of the citizens.
No Changes in Other Sectors
No changes were made in electronic goods, tablet computers, televisions, electrical home appliances, furniture, domestic tourism, travel expenses, vehicles, and jewelry sales.
The existing compliance process provided by BRSA decisions for the aforementioned goods and services groups was preserved.