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- October 13, 202618°
- BIST10012,151-0.94%
- USD49.220.00%
- EUR55.21+0.28%
- GOLD4,195.90+0.13%
- INTEREST37.00%-1.00
- BITCOIN82,230-1.72%
- October 13, 202618°
Interest-free financing limits increased to 140 thousand TL
Albaraka and Kuveyt Türk offer individual customers interest-free financing and installment convenience. Campaign limits go up to 140 thousand TL.
Rising financing costs are directing consumers to new payment options, while participation banks' interest-free campaigns have started to stand out. In two separate campaigns, individual customers are offered support and installment convenience up to a total of 140 thousand TL.
Highlights
- Albaraka provides financing up to 140 thousand TL to individual consumers without profit share and interest difference.
- Customers who register through the bank's mobile application can use the Practical Financing Card up to 40 thousand TL.
- Interest-free installment shopping opportunities up to 100 thousand TL are offered in selected sectors.
- Kuveyt Türk offers those who apply for the Sağlam Card Troy between June 1-30 the opportunity to split purchases up to 100 thousand TL into 5 installments.
- Some spending items are excluded from installment coverage in both campaigns.
Up to 3 months grace period at Albaraka
In the campaign offered by Albaraka, bank customers can use the Practical Financing Card up to 40 thousand TL with 0% profit share. This product features a grace period of up to 3 months and 4 installment options.
Within the same campaign, interest-free installment shopping up to 100 thousand TL can also be made in selected sectors. Thus, different payment options are offered to individual consumers according to the type of spending.
5 installment opportunity at Kuveyt Türk
In Kuveyt Türk's campaign, customers who apply for the Sağlam Card Troy between June 1 and June 30 are targeted. Those who make this application can split a purchase up to 100 thousand TL into 5 interest-free installments via Kuveyt Türk Mobile after the transaction.
It is stated that the campaign is valid for transactions excluded from the installment restriction by the Banking Regulation and Supervision Agency. Accordingly, some spending items are not included in this application.
Transactions excluded from installments
According to the regulation, telecommunications expenses, payments related to direct marketing, foreign expenses, and payments for meals, food, fuel, and bills are not included in the installment scope.
Cosmetics, office supplies, and jewelry expenses, as well as some transactions made through airlines and travel agencies, are also excluded from this scope. Additionally, installments are not applied for transportation and similar purchases that do not include a tangible good or service.
Insurance and tax payments are also not installmentable within the campaign. Thus, the areas where financing convenience is offered and the spending limits are clearly separated.
Context: Rising financing costs are directing consumers more towards alternative payment models in shopping and essential expenses. Participation banks' interest-free campaigns are among the prominent options during this period.
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