New Regulation for Savings Finance Companies

As the number of people turning to savings finance companies increases, BDDK has made new decisions. The maximum early delivery rate has been increased to 45%, and the earliest delivery time has been extended to 180 days.The preference for savings finance model over the banking system for home and vehicle purchases is noteworthy, and the new regulation prepared by BDDK has been submitted to the Financial Institutions Association Presidency.With the new regulation, those who participate in the savings finance system will be entitled to early delivery after paying 45% of the amount. The payment plans for customer-based savings finance contracts organized by savings finance companies have also been rearranged.