Turkey Gives Trade Ministry Control Over Installment Limits
A new rule removes existing installment-period limits for non-housing sales and gives the ministry authority to set new restrictions.
Key takeaways
- The amendment took effect on Oct. 15, 2026.
- The Trade Ministry can set installment periods and add restrictions for non-housing sales.
Turkey’s Trade Ministry can now set installment periods and add restrictions for non-housing purchases of goods and services. A regulation published on Oct. 15 removed the previous 12-month limit and specific time limits for several product and service categories.
The ministry’s authority also covers debts split into installments for a fee after a sale, deferred payments, and installment sales made with or without negotiable documents.
The ministry will publish its decisions on its website and send them to relevant upper professional organizations.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
