Turkey implements new financial regulations for tradespeople and savings finance

Turkey has introduced new financial regulations affecting both small business owners and savings finance participants. Under a new regulation effective August 27, 2026, tradespeople with outstanding tax or social security debts can access Treasury-supported investment and operating loans. To facilitate debt repayment, up to 25% of the approved loan amount can be sent directly to relevant public collection offices, with a yearly cap of 300,000 TL for this purpose. Interest discount rates vary by category: 40% for general loans, 48% for approved technical support programs, and 80% for young entrepreneurs and traditional trades.

Separately, the Banking Regulation and Supervision Agency (BDDK) is implementing new restrictions on savings finance companies starting October 1. To limit risk, individuals or risk groups are now restricted to a maximum of two active contracts: one for vehicle financing and one for housing or workplace financing. Financing limits have been updated, with vehicle financing capped at 6.25 million TL and housing/workplace financing capped at 62.5 million TL. Additionally, companies must now manage collected funds in low-risk assets, such as TL-denominated accounts at participation banks or domestic lease certificates (sukuk) issued by the Ministry of Treasury and Finance.