Loan extension fee limit for commercial customers increased from 1% to 1.1% of the loan Author Reuters

© Reuters.

ANKARA, March 1 (Reuters) – Commercial customer loan extension fee limit was increased from 1% to 1.1% of the loan for loans granted by banks.

According to the communiqué amending the communiqué on the principles regarding the fees that can be received from commercial customers by banks in the current issue of the Central Bank’s Official Gazette, loan disbursement fees will not exceed 1.1 percent of the loan granted.

With the Communiqué, fees for early payment in loans were also increased. Accordingly, the fee limit for the amount paid early by the customer to the bank, which is applied as 1% for loans whose remaining maturity does not exceed 24 months, has been increased to 2%. The fee limit applied as 2% for loans with a maturity exceeding 24 with early payments; It has been reorganized as “applying by adding 1% for each year over 24 months of the term remaining above 2%”.

In the regulation, if the commercial customer requests early payment for the entire loan in loans granted since March 1, 2021, the statement “the bank must accept this request” was also included.

According to the regulation, the periods exceeding 24 of the remaining term in the said calculation will be completed by the year. For foreign currency or foreign currency indexed loans, a one-point increase of the maximum fee to be applied for TL loans can be applied.

News By: Mehmet Dinar
Editorial: Nevzat Devranoğlu

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