Turkey Raises Phone Installment Ceiling to 40 bin Lira
The new limit applies to phones priced at or below 40 bin lira, while refurbished models qualify for 12-month installments without a price cap.
Key takeaways
- The installment limit for new phones rose from 20 bin lira to 40 bin lira.
- Refurbished phones qualify for 12-month installments without a price limit.
Turkey’s Ministry of Trade raised the installment limit for new mobile phones from 20 bin lira to 40 bin lira, under a regulation amendment published on Oct. 15.
Phones priced at 40 bin lira or less can be paid for over 12 months. Phones above that price retain a three-month limit. Refurbished phones qualify for 12-month installments with no price ceiling.
The ministry said the change aligns with credit-term decisions by the Banking Regulation and Supervision Agency. Installment limits for electronics, furniture, vehicles, jewelry and other listed product and service groups were unchanged.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
