12.07.2025 08:30
The Banking Regulation and Supervision Agency (BDDK) has expanded the scope of credit card and personal loan restructuring. A restructuring option with a maturity of 48 months has been introduced for credit card and personal loan debts. Those who are unable to pay their current debts can now also benefit from the restructuring. The requirement for a delay period has been removed, allowing for the restructuring of all types of overdue payments.
In a statement made by the institution, it was noted that the Banking Regulation and Supervision Agency (BDDK) found it appropriate to restructure the debt balances of individual credit cards and personal loans over a period of 48 months, and it was stated that the terms and application periods have been shortened, with a faster process expected to be less costly.
APPLICATION FOR RESTRUCTURING CAN BE MADE WITHIN 3 MONTHS
In the statement, it was mentioned that individual customers must apply for restructuring within 3 months. It was stated, "Individual credit card customers who cannot pay their period debt partially or completely, customers of personal loans who are delayed in principal and/or interest payments, and customers of individual credit cards and personal loans that have been restructured before will be able to benefit from this restructuring."
MAXIMUM INTEREST RATE FOR CREDIT CARD RESTRUCTURING IS 3.11
In the statement, it was emphasized that the relevant bank will not increase the limits of the cards until half of the debt is paid in the restructuring of credit cards, and in the restructuring of personal loans, a loan exceeding the current debt balance will not be granted.
It was reported that within the scope of the decision, the Central Bank of the Republic of Turkey (TCMB) has also determined the maximum interest rate to be applied to credit card restructuring transactions as 3.11 percent.
CHANGES INCLUDED IN THE NEW DECISION
In the statement, the following information was provided regarding the changes included in the new decision of the BDDK compared to the previous one:
"In credit card restructuring, not only those who do not pay the minimum amount but also individual cards for which the period debt is partially or completely unpaid can now be subject to restructuring. In personal loan restructuring, the delay period has now been updated from 'exceeding 30 days' to 'any delayed payment'. For both credit cards and personal loans; the scope of restructuring, which was based on the debt balance on the decision date, will now be based on the debt balance on the restructuring date, and loans that were restructured before the decision date can be restructured again even if there is no delay."