BRSA set new limits for mobile phone loans and credit card minimum payments

The Banking Regulation and Supervision Board (BDDK) made new regulations regarding the minimum payment amounts of consumer loans and credit cards used in mobile phone purchases. The decisions were taken by the Board decisions dated October 1, 2026.

MATERIAL LIMIT FOR MOBILE PHONE LOANS HAS CHANGED

With the decision of BRSA dated October 1, 2026 and numbered 11581, maturity limits for consumer loans extended for mobile phone purchases were redefined.

Accordingly, the maturity limit for consumer loans for mobile phones priced at or below 40 thousand TL will be 12 months.

For mobile phones worth over 40 thousand TL, the loan maturity is limited to 3 months.

THE LIMIT FOR REFURBISHED PHONES IS 50 THOUSAND TL

A different price limit will also be applied for mobile phones that qualify as “refurbished products”. Accordingly, the consumer loan maturity for refurbished mobile phones with a price of 50 thousand TL and below will be 12 months. For refurbished mobile phones whose price is over 50 thousand TL, the maturity limit will be 3 months.

The current practice regarding mobile phone installments on credit cards has not changed.

In the BRSA statement, it was stated that the current practice in mobile phone purchases with credit cards continues. Accordingly, the ban on installment payment for purchases of mobile phones that are not refurbished products via credit card continues. For mobile phone purchases that are refurbished products, installments of up to 12 months will continue to be applied without any amount limit.

MINIMUM PAYMENT AMOUNT FOR CREDIT CARDS HAS CHANGED

With the decision of BRSA dated October 1, 2026 and numbered 11582, the limit used to determine the minimum payment amount on credit cards was also increased. The limit threshold, which was previously 50 thousand TL, was increased to 100 thousand TL.

According to the new regulation, the minimum payment amount for credit cards with a limit of 100 thousand TL or less will be 20 percent of the period debt. For credit cards with a limit over 100 thousand TL, the minimum payment amount will be applied as 40 percent of the period debt.