In a statement made by the institution, BRSA found that individual credit cards and consumer loans were found to be confusing the debt balances with 48 months, and the maturity and application periods were shortened and a less costly rapid process was foreseen.
For this configuration, individual customers should apply for configuration within 3 months. said.
In a statement, it was emphasized that the limit of the cards will not be increased by the relevant bank until half of the debt is paid in the configuration of credit cards, and that a loan will not be extended to exceed the current debt balance in the structuring of consumer loans.
Within the scope of the decision taken, the Central Bank of Türkiye (CBRT) also determined the maximum interest rate to be applied to credit card configuration transactions as 3.11 percent.
Changes contained in the new decision
In the statement, the following information was given about the changes made by the BRSA’s new decision according to the previous one:
“In the credit card configuration, not only the minimum amount is not paid, but also individual cards that are not paid in part or not all of them may be the subject of configuration. The delay time in the consumer loan configuration was no longer exceeding ’30 days’, but ‘all kinds of delayed payment’ in terms of both credit cards and consumer loans; First, the restructured loans will be restructured. “
