13.07.2025 13:20
The Banking Regulation and Supervision Agency (BDDK) is offering the option to pay credit card debts in installments of up to 48 months and will also take steps to normalize cash withdrawal limits and terms. Following the Central Bank's Monetary Policy Committee (PPK) meeting on July 24, it is expected that the BDDK will raise the upper limit for credit card cash advance transactions to 50,000 TL and increase the number of months for cash withdrawal transactions to 6 months.
```html
Following the record levels of credit card and personal loan debts in Turkey, the Banking Regulation and Supervision Agency (BDDK) has offered a restructuring option of up to 48 months for cards and loans that currently have overdue payments, as published in the Official Gazette.
DEFERMENT OPTION FOR CREDIT CARD DEBTORS
This step provides a 'deferment' option for millions of credit card debtors, while new changes regarding cardholders will be brought to the agenda in the coming weeks.
CASH ADVANCE LIMITS WILL CHANGE
According to information from industry sources, the economic management, which has taken action for easing steps after months of persistent demands from banks, will raise the upper limit set for credit card cash advance transactions, which is currently applied at 25,000 TL, to 50,000 TL.
INSTALLMENT NUMBER WILL BE INCREASED TO 6 MONTHS
Additionally, as part of the normalization steps to be taken, the maximum number of installments applied for cash withdrawal transactions from credit cards will be increased from 3 months to 6 months. It is expected that the BDDK will implement these changes following the Central Bank of the Republic of Turkey's (TCMB) Monetary Policy Committee meeting on July 24.
```