BRSA prepared draft law to slow consumer spending BRSA has prepared a draft law that amends maturities in consumer loans and credit card purchases in a bid to help rebalancing in Turkish economy. The new regulation aims to tame inflation, imports, C/A deficit and household indebtedness. According to the draft law, the maturities will be limited to 36 months in consumer loans (prev. 48 months). For credit card purchases, the maturities will be 3 months in consumer electronics (prev. 6 months), 6 months in airline tickets, accommodation, tourism agencies while instalments will be annulled for jewelry and telecommunication purchases. On the other hand, the brackets for loan-to-value in auto loans have been increased. Accordingly, financial institutions will extend loans up to 70% of the vehicle’s value if the vehicle’s final selling price is lower than 120,000 TL (this was previously 100,000 TL). If the selling price of the vehicle is higher than TL120,000, then the maximum loan amount will be 70% for the first TL120,000 portion (previously 100,000 TL) and will be 50% for the amount exceeding TL120,000 (previously 100,000TL).
BDDK tüketici harcamalarını azaltacak bir Taslak hazırladı... BDDK enflasyon, cari açık, ithalat ve hanehalkı borçluluğunun azaltılmasına destek vermek için bir yönetmelik hazırladı. Bu taslağa göre tüketici vadesi 48 aydan 36 aya, elektronik eşyada taksit imkanı 6 aydan 3 aya inerken kuyum harcamalarında taksit yapılamayacak.
