Updates have been made to consumer loan limits and maturity restrictions. Accordingly, the maturity limit for loans of up to 125,000 lira has been increased to 36 months. For loans up to 250,000 lira, the limit has been set at 24 months.

The Banking Regulation and Supervision Agency (BRSA) has decided to change the general maturity limit for consumer loans.

According to the decision by the committee, changes have been made to the limits for installment loans with maturities of 12, 24, and 36 months. According to a statement from the BRSA, the limit for consumer loans up to 36 months has been increased from 50,000 lira to 125,000 lira. For loans with maturities up to 24 months, where credits of 50,000 and 100,000 lira have been extended to credits between 125,000 and 250,000 lira. With the new decision, the limit for consumer loans up to 12 months has been raised from 100,000 lira to 250,000 lira. The statement included the following: “In the context of macro-prudential measures taken to ensure financial stability, under the BRSA’s Decision No. 11152 dated February 13, within the framework of the Board’s Decision No. 10222 dated June 9, 2022, the monetary amounts in the general maturity limits for consumer loans have been updated considering macroeconomic indicators.” The last change in credit limits was made on June 9, 2022.