Due to the cost-increasing effect of the regulations made by public banks to limit the growth of second-hand housing and consumer loans, deposit and loan interests rapidly increased.
While the Banking Regulation and Supervision Agency (BDDK) reduced the maturity limit for consumer loans over 100,000 TL from 24 months to 12 months, it increased the credit card minimum payment amounts at the beginning of June for high amounts. In addition, the use of loans for housing loans with a value over 10 million TL was prohibited, and limits were set according to the value.
For detailed news:
https://www.cumhuriyet.com.tr/ekonomi/bankacilik-kaynaklari-acikladi-ekonomik-tedbirlerin-ardindan-kredi-faizleri-sert-yukselise-gecti
