Credit card payment limit in the coming six to electronic goods - BBC

itemprop=”author”> NEWS ECONOMY

November 27, 2013

Banking Regulation and Supervision Agency (BRSA), credit cards, installment limitations has announced draft regulations will bring.

posted on his website last night of the institution according to the draft will be held on credit card purchases and cash withdrawals of goods and services in the payment period may not exceed nine months. This time, electrical and electronic goods and computer purchases, car rental, telecommunications and the goldsmith-related transactions will be 6 months. White goods and furniture purchases will be applied as payment duration is 12 months. If food and fuel purchases with a credit card payment will be applied.

Housing, auto and consumer

loans fetching the limit. According to the articles of the draft housing loans and consumer loans to be granted under the housing collateral, loan amount, received as collateral will exceed 75 percent of the home’s value. Valuation of real estate appraisers to perform the BRSA and CMB. Passenger car will be used for acquisition in leasing transactions to be made in vehicle loans or loan amount, the ratio of the value of vehicles the final invoice value of the vehicle and for those under 50 thousand to 75 percent stage. This rate exceeds the final invoice value of 50 thousand pounds in passenger vehicles, which cost up to 50 thousand pounds for some 75 percent, 50 to 50 percent for the fractions of a thousand pounds will be applied. Used in passenger vehicle insurance value of the vehicle will be based on the determination of the value.

except for housing loans, consumer loans, 36 month term, vehicle loans, the maturity of 48 months to stage. Limits specified in this Article shall be payable in excess of the loan amount in the calculation of banks’ equity as a deduction from equity, will be considered. Passenger vehicles brought to the bank for credit card payment and rate limiting financial leasing, factoring and financing companies will be valid for.

27 November 2013, Wednesday

src=”http://pixel.quantserve.com/pixel/p-89EKCgBk8MZdE.gif”