BDDK revises phone loan terms and credit card minimum payments
New rules set 12-month maturity for phones under 40,000 lira and raise the credit card threshold to 100,000 lira.
KEY POINTS
- BDDK set 12-month max maturity for new phones ≤ 40,000 TL, 3 months above
- Refurbished phones from authorised sellers use 50,000 TL threshold
- Credit card minimum payment threshold raised from 50,000 TL to 100,000 TL
- Cards ≤ 100,000 TL limit: 20% minimum payment; above: 40%
- Credit card instalment ban for new phones continues; refurbished phones allowed up to 12 months
The Banking Regulation and Supervision Agency (BDDK) issued two decisions on 1 October 2026 changing consumer loan maturities for mobile phone purchases and the minimum payment calculation for credit cards.
For new phones priced at 40,000 lira or less, the maximum loan maturity is now 12 months; phones above that price are limited to a 3-month maturity. Refurbished phones sold by authorised renewal centres or sellers follow a 50,000 lira threshold with the same 12- and 3-month split.
The credit card minimum payment threshold has been raised from 50,000 lira to 100,000 lira. Cards with limits up to 100,000 lira require a minimum payment of 20 percent of the period debt, while cards above that limit require 40 percent.
Existing rules for credit card phone purchases remain unchanged: instalments are still prohibited for new phones, but refurbished phones can be paid in up to 12 instalments without a price cap.
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