The BRSA has updated the maximum maturity limit for individual loans of TL 50 thousand and above. According to the decision taken by the institution, citizens will now be able to have a maximum maturity of 24 months for loans of 50 thousand TL and above. This was limited to 36 months before the decision was made.
Banking Regulation and Supervision Agency (BRSA), signed a decision that concerns millions of citizens. The institution, which made a new regulation on consumer loans used by citizens, reduced the maturity limits of individual loans of 50 thousand TL and above. According to this, the citizens, to meet their needs, 50 thousand TL and above They will now have to repay their loans in a much shorter time.
According to the BRSA’s previous decision, the upper limit for personal loans used is 50 thousand TL or more, it was 36 months. In other words, citizens had to pay the loan they took, including interest, within a maximum of 36 months. However, with the decision taken, this period reduced to 24 months. The decision taken by the BRSA seems to attract the reaction of the citizens…
Credit utilization prior to the decision date may be restructured.
According to the decision of the Banking Regulation and Supervision Agency September 16 and before Citizens who have a loan debt of 50 thousand TL between the dates of these dates will be able to restructure their loans, if they demand, and arrange them according to 36 months. However, for any loan that will be withdrawn today and after today and the amount exceeding 50 thousand TL, No maturity longer than 24 months.
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Source :
https://www.bloomberght.com/tuketici-kredisinde-vade-siniri-dusuruldu-2287817