Turkey Ministry of Commerce updates installment limits for consumer goods

The Turkish Ministry of Commerce has updated regulations regarding installment-based purchases made through non-bank financing methods, such as promissory note sales.

A key change involves new-model mobile phones: the price threshold for 12-month installments has been increased from 20,000 TL to 40,000 TL. Mobile phones priced at or below 40,000 TL are eligible for up to 12 installments, while those exceeding this amount are limited to 3 months. Refurbished mobile phones can receive up to 12 installments regardless of price.

Other product categories maintain their existing installment limits. Televisions priced below 5,000 TL allow up to 9 installments, while those above 5,000 TL are limited to 4. White goods, small electrical appliances, and furniture remain capped at 9 months. Tablet computers are limited to 6 months, and domestic travel and accommodation services can be spread over up to 18 months.

These regulations apply to direct retail installment methods and are distinct from credit card transactions, which remain governed by Banking Regulation and Supervision Agency (BDDK) rules.