06.04.2026 14:12
The application period for the debt restructuring regulation of the Banking Regulation and Supervision Agency (BDDK) ends on April 29, 2026. Those who are unable to pay their credit card debts and have overdue personal loans can benefit from installment plans of up to 48 months and an interest rate advantage of 3.11%. Those who do not apply will not be able to take advantage of this opportunity; it is recommended that transactions not be left to the last day due to high demand.
The application process is nearing its end in the debt restructuring regulation enacted by the Banking Regulation and Supervision Agency (BRSA) on January 29, 2026. Citizens struggling to pay off credit card and personal loan debts must apply to banks by April 29, 2026.
WHO CAN BENEFIT?
The regulation covers two groups of debts. Accordingly, users who cannot pay the minimum amount of their credit card debt or cannot pay off the entire debt, as well as personal loans used before January 29, 2026, that have fallen into arrears for more than 30 days, are included in the restructuring scope.
INSTALLMENT OPTION UP TO 48 MONTHS
Within the scope of restructuring, debts can be paid in installments of up to 48 months, depending on the payment capacity. The interest rate is limited to a maximum of 3.11% per month. Citizens can create a suitable payment plan for themselves by applying to the banks they owe.
CRITICAL DETAIL FOR CREDIT SCORE
With the payment of the first installment under the new payment plan, the credit risk record related to the debt is updated. This situation provides a significant advantage in terms of credit score.
WARNING NOT TO LEAVE IT TO THE LAST DAY
Authorities emphasize that transactions should not be left to the last day to avoid congestion shortly before the application deadline. Those who do not apply by the end of business on April 29 will not be able to take advantage of the restructuring opportunity.