The maturity limit for the number of card installments and vehicle loans has been reduced.

The first move came after the messages of Treasury and Finance Minister Lütfi Elvan that macroprudential measures would be increased at different events.

The Banking Regulation and Supervision Agency (BDDK) regulated the number of credit card installments and vehicle loans.

The BRSA has decided to reduce the installment periods for credit cards from six months to three months for jewelery related expenditures that are not printed or ingots.

In addition, the installments for furniture and electrical goods purchases are reduced from twelve months to nine months, the limit of three thousand five hundred Turkish Liras for television purchases is determined as five thousand Turkish Liras, and the price is determined as nine months for television purchases up to five thousand Turkish Liras, and the price is five thousand Turkish Liras. It has been decided to continue the implementation for four months in television purchases that are over

Term limits on vehicle loans have also been reduced.

In addition, the number of terms for vehicle loans was also reduced.

Accordingly, the final invoice value is one hundred and twenty thousand Turkish Liras and under The maturity limit for the loans extended for the purchase of vehicles, which is one of the most popular vehicles, was reduced from sixty months to forty eight months.

The maturity limit has been reduced from forty-eight months to thirty-six months for loans extended for the purpose of purchasing vehicles with a final invoice value of more than one hundred and twenty thousand Turkish liras and not more than three hundred thousand Turkish liras.

The maturity limit has been reduced from thirty-six months to twenty-four months for loans extended for the purpose of purchasing vehicles with a final invoice value of more than three hundred thousand Turkish liras and not more than seven hundred and fifty thousand Turkish liras.

The maturity limit has been reduced from twenty-four months to twelve months for loans extended for the purpose of purchasing vehicles with a final invoice value of more than seven hundred and fifty thousand Turkish liras and not more than one million five hundred thousand Turkish liras.

Financial leasing of vehicles was also arranged.

It has been decided to continue to apply the ratio of the loan amount to the value of the vehicle in its current form for vehicles with a final invoice value of one hundred and twenty thousand Turkish Liras and below, in vehicle loans to be made available to consumers for the purpose of acquiring passenger cars or in financial leasing transactions, excluding loans with vehicle collateral.

In this context, it was decided not to exceed fifty percent for vehicles with a final invoice value above one hundred and twenty thousand Turkish Liras but not over three hundred thousand Turkish Liras, and not to exceed thirty percent for vehicles with a final invoice value of over three hundred thousand Turkish Liras but not over seven hundred and fifty thousand Turkish Liras. .

In addition to these, the final invoice value is over seven hundred and fifty thousand Turkish Liras and
It has been decided that it cannot exceed twenty percent for vehicles not above five hundred thousand Turkish Liras, and zero percent for vehicles whose final invoice value is over one million five hundred thousand Turkish Liras.

Risk weights increased in consumer loans

With a separate regulation, the BRSA decided to increase the risk weights of consumer credit cards and consumer loans.

Accordingly, the risk weight was increased from 75 to 100 for maturities between 1-6 months, including spending on credit cards and cash withdrawals. For maturities over 6 months, the risk weight from 75 to 150.

In consumer loans, the risk weight increased from 75 to 100 with maturities between 1-12 months. Increased from 75 to 150 for maturities over 1 year.

In the statement, it was stated that this application will be valid for the loans to be given after the date of the decision.

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