BRSA announced new regulations for mobile phone loans and credit card minimum payment limit

Banking Regulation and Supervision Board (BDDK) announced new regulations to be applied to consumer loans and credit cards granted for mobile phone purchases.

With two separate decisions of the BRSA dated October 1, 2026, maturity limits for mobile phone loans were redefined, while the limit used in calculating the minimum payment amount for credit cards was increased to 100 thousand liras.

MATERIAL LIMIT FOR MOBILE PHONE LOANS HAS CHANGED

Within the scope of BRSA's decision numbered 11582, maturity limits for consumer loans extended for the purchase of mobile phones were redetermined according to the price of the phone.

Accordingly, the loan maturity for mobile phones priced at or below 40 thousand lira will be 12 months, and for mobile phones priced above 40 thousand lira, it will be 3 months.

50 THOUSAND LIRA LIMIT FOR REFURBISHED PHONES

A different price limit will be applied for mobile phones that qualify as “refurbished products”.

The maturity will be 12 months for refurbished mobile phones priced at or below 50 thousand liras, and 3 months for phones priced above 50 thousand liras.

However, in order to benefit from this application, the workplace where the sale is made must be a "renewal center" or "authorized dealer" within the scope of the Regulation on Refurbished Products published in the Official Gazette dated June 27, 2026.

MINIMUM PAYMENT RATE ON CREDIT CARDS

With the BRSA's decision numbered 11581, the limit used to determine the minimum payment amounts on credit cards has also been changed.

With the new regulation, the threshold, which was previously 50 thousand lira, was increased to 100 thousand lira.

Accordingly, the minimum payment amount for credit cards with a limit of 100 thousand liras and below will be 20 percent of the period debt.

For credit cards with a limit over 100 thousand liras, the minimum payment amount will be 40 percent of the term debt.

NO CHANGE IN PURCHASING A MOBILE PHONE WITH A CREDIT CARD

No changes have been made to the current practice regarding credit cards for mobile phone purchases.

Accordingly, the ban on installment payments for mobile phones that are not refurbished products will continue when purchased with a credit card.

For mobile phone purchases that are refurbished products, installments of up to 12 months will continue to be applied without any amount limit.