The Banking Regulation and Supervision Agency (BRSA) has updated the limits for consumer loans. According to the new regulations, consumer loans below 125,000 Turkish Liras can have a term of 36 months. Loans ranging from 125,000 to 250,000 Turkish Liras can be paid back in 24 installments.

The BRSA has decided to change the general term limit for consumer loans.

As per the decision made by the agency, adjustments have been made to the limits for consumer loans with terms ranging from 12 to 36 months. According to the announcement from the BRSA, the limit for consumer loans with a term of up to 36 months has been increased from 50,000 to 125,000 Turkish Liras. For loans with a term of up to 24 months, the range was previously between 50,000 and 100,000 liras, but it has now been extended to 125,000 to 250,000 liras. With the new decision, the limit for consumer loans with a term of up to 12 months has been raised from 100,000 to 250,000 Turkish Liras. The statement mentioned, “In the framework of the macro-prudential measures taken to ensure financial stability, the monetary amounts of the general term limit for consumer loans determined within the scope of the decision dated 13 February by the BRSA and numbered 11152, taking into account macroeconomic data, have been updated as follows.” The last adjustment in loan limits was made on June 9, 2022.