BRSA cuts the maturity of consumer loans

The Banking Regulation and Supervision Agency reduced the maturity of consumer loans from 60 months to 36 months.

5.09.2020 11:03:000

The Banking Regulation and Supervision Agency (BRSA) announced that it lowered the maturity limit for consumer loans from 60 months to 36 months.

BRSA stated that with the board decision numbered 9131, it was decided to reduce the general maturity limit for consumer loans from 60 months to 36 months.

BRSA actively uses its role to support financial stability

On the other hand, analysts stated that the BRSA actively uses its role of balancing the conjunctural effects in the economy and supporting financial stability, while the BRSA’s credit and credit card installment restrictions prevent the negative reflection of demand on macroeconomic balances in times of accelerated growth, while taking decisions to relieve the consumption balances during periods of slowdown. noted that it implemented.

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