Amendment to the Communiqué on the Procedures and Principles Regarding the Fees that Banks Can Charge Their Commercial Clients
Pursuant to the Communiqué Amending the Communiqué on the Procedures and Principles Regarding the Fees that Banks Can Charge Their Commercial Clients (“Amending Communiqué”) published in the Official Gazette dated 01.03.2021 and numbered 31410, the Communiqué on the Procedures and Principles Regarding the Fees that Banks Can Charge Their Commercial Clients (“Communiqué”) has been amended.
Significant amendments on the Communiqué are summarized below:
- As per the amendment to Article 9; the limit set for loan utilization fees have been increased from 1 percent of the loan that has been utilized to 1.10 percent.
- As per the amendment to Article 11; for the loans to be utilized as of 01.03.2021, the banks shall accept the early payment requests of their commercial customers for the entire loan. It is now possible to demand an early payment fee at the ratios determined by the Communiqué if the customer makes an early payment.
The Amending Communiqué enters into force on the date of publication. You may find the Turkish version of the Amending Communiqué here.
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