Ministry of Commerce aligned installment periods with BRSA decisions
The installment limit for new mobile phone sales has been increased to 40 thousand liras, and for refurbished phones, a 12-month installment opportunity has been introduced without any amount limit.
Quick Look
- The Ministry of Commerce increased the installment limit for new mobile phone sales to 40 thousand liras within the scope of retail installment regulations.
- For refurbished phones, 12-month installments are available without any amount limit.
AI-generated summary
Why It Matters
The Ministry of Commerce exercises authority to harmonize installment sales of retail businesses with BRSA regulations.
In the statement made by the Ministry, it was reported that new decisions were taken in line with the BRSA regulation, within the scope of the authority of retail businesses to regulate installment sales to consumers.
In the statement, it was pointed out that with the amendment made in the Regulation on the Principles and Rules to be Applied in Retail Trade, the installment limit in new mobile phone sales was increased to 40 thousand liras, and said, "12 months installment opportunity is provided for refurbished mobile phones without any amount limit. Installment periods in the sales of goods and services are determined by the BRSA in sales made through credit card, shopping credit and consumer financing, and in installment sales methods such as promissory notes sales other than these methods, by the Ministry of Commerce." "With the change in the regulation made in order to respond quickly and effectively to the needs of citizens and the sector, taking into account the dynamic structure of the retail sector, the Ministry has been authorized to determine the installment periods and impose additional restrictions on installment sales of goods and services to consumers by retail businesses, excluding housing sales." expressions were used.
In the statement, it was pointed out that in line with the authority given to the Ministry, the BRSA decisions were taken to update the credit maturity limits for mobile phone purchases, and said, "The installment limit for new mobile phone sales was increased from 20 thousand lira to 40 thousand lira. The maturity limit of 12 months was preserved for mobile phones priced at 40 thousand lira and below, and 3 months for mobile phones priced above 40 thousand lira. Any amount in the sales of mobile phones that are refurbished products 12 months maturity opportunity was introduced without any limit. evaluation was made.
In the statement, it was stated that there was no change in the installment amount and maturity limits for electronic goods, tablet computers, televisions, electrical appliances, furniture, domestic tourism and travel expenses, vehicles and jewelery sales, thus, it was stated that compliance with the decisions previously taken by the BRSA was maintained in these goods and service groups.
In the statement, it was pointed out that the necessary regulations will be implemented following the BRSA decisions and the following was noted:
Open Questions
- When exactly is the effective date of the regulation?
