The Banking Regulation and Supervision Agency (BRSA) has updated limits on consumer loans. Accordingly, a maturity of 36 months can be set for consumer loans under 125,000 TL. Loans ranging between 125,000-250,000 TL can be repaid in 24 installments.

The BRSA revised the monetary amounts in the maturity limits on consumer loans.

The latest limits were set in June 2022. The BRSA had previously established a general maturity limit for consumer loans, setting 24 months for amounts ranging between 50,000 to 100,000 TL and 12 months for amounts exceeding 100,000 TL. EXTENSION OF MATURITIES

According to the announcement by the BRSA, a maturity of 36 months will apply to loans under 125,000 Turkish Lira, 24 months for loans exceeding 125,000 Turkish Lira but not exceeding 250,000 Turkish Lira, and 12 months for loans over 250,000 Turkish Lira. Consequently, while previously only loans under 50,000 TL had a maturity of up to 36 months, now loans up to 125,000 TL can have this option. The same limits will apply to loan restructuring as well. The BRSA’s press release stated: “In the context of macro-prudential steps taken to ensure financial stability, in accordance with the Decision dated February 13, 2025, and numbered 11152 of the Banking Regulation and Supervision Agency; the monetary amounts in the general maturity limits on consumer loans set within the scope of the Decision dated June 9, 2022, and numbered 10222, have been updated taking into account macroeconomic data as follows. – Loans under 125,000 Turkish Lira will have a thirty-six-month maturity, – Loans exceeding 125,000 Turkish Lira but not exceeding 250,000 Turkish Lira will have a twenty-four-month maturity, – Loans over 250,000 Turkish Lira will have a twelve-month maturity.”