The Banking Regulation and Supervision Board (BDDK) has increased the personal loan limit up to 125,000 lira for terms of up to 36 months, and between 125,000 and 250,000 lira for terms up to 24 months.

The BDDK has decided to change the general term limit for consumer loans.

According to the decision made by the board, adjustments have been made to the limits for personal loans with terms of 12, 24, and 36 months. As stated in the announcement by the BDDK, the personal loan limit for terms up to 36 months has been increased from 50,000 to 125,000 lira. For terms up to 24 months, loans below 50,000 and 100,000 lira were being granted, but this range has now been raised to between 125,000 and 250,000 lira. With the new decision, the limit for personal loans with terms up to 12 months has been raised from 100,000 to 250,000 lira. The statement also mentioned that “In the framework of macroprudential steps taken for financial stability, the BDDK’s Decision dated February 13 and numbered 11152; the monetary amounts in the general term limits set for consumer loans within the scope of the Board’s Decision dated June 9, 2022, and numbered 10222, have been updated considering macroeconomic data.” The most recent change in loan limits was made on June 9, 2022.