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Credit Card Maximum Interest Rates

 

According to the "Debit Cards and Credit Cards Law" of Central Bank of Turkish Republic of Northern Cyprus, the maximum monthly rates and maximum monthly overdue rates of credit cards are stated as below, according to the dates indicated;

 

  Turkish Lira Foreign Exchange
Effective Date Monthly Maximum Contract Rate Monthly Maximum Overdue Rate Monthly Maximum Contract Rate Monthly Maximum Overdue Rate
01/01/2021 (OG238) 1,95 2,45 1,13 1,63
01/10/2020 (OG188) 1,00 1,50 0,75 1,25
01/07/2020 (OG 123) 1,00 1,50 0,75 1.25
01/04/2020 (OG 56) 1,00 1,50 0,75 1.25
02/01/2020 (OG 1) 2,35 2,85 1,21 1,71
01/10/2019 (OG 714) 2,98 3,48 1,21 1,71
01/07/2019 (OG 90) 3,18 3,68 1,20 1,70
01/04/2019 (OG 45) 3,22 3,72 1,18 1,68
02/01/2019 (OG   1) 3,40 3,90 1,18 1,68
01/10/2018 (OG  143) 2,54 3,04 1,18 1,68
02/07/2018 (OG  102) 2,26 2,76 1,15 1,65
02/04/2018 (OG  38) 2,16 2,66 1,16 1,66
02/01/2018 (OG   1) 2,06 2,56 1,17 1,67
02/10/2017 (OG 161) 2,00 2,50 1,18 1,68
03/07/2017 (OG  113) 1,97 2,47 1,20 1,70
03/04/2017 (OG  61) 2,00 2,50 1,21 1,71
02/01/2017 (OG    2) 2,06 2,56 1,23 1,73
01/07/2016 (OG  85) 2,14 2,64 1,26 1,76
01/04/2016 (OG  41) 2,09 2,59 1,27 1,77
04/01/2016 (OG    1) 1,96 2,46 1,29 1,79
02/10/2015 (OG 144) 1,89 2,39 1,30 1,80
03/07/2015 (OG 108) 1,88 2,38 1,31 1,81
03/04/2015 (OG   53) 1,90 2,40 1,33 1,83
02/01/2015 (OG     1) 1,96 2,46 1,34 1,84