Article 11 of “the Communique on the Procedures
and Principles on the Fees Which May Charged to Commercial Customers by Banks” is
amended on March 11, 2020. Thus, commercial customers have become
entitled to offer to make early payment for a part of their credit debts,
however, banks do not have to accept such early payment offers which is equivalent
to only a part of the total debt owed to the bank. On the other hand, banks are
liable to accept early payment offers corresponding to the total amount of the
credit debt. In respect of the recent Amendments, “for the credit debts in
Turkish Lira” the fees due to early payment made by the commercial customers shall
be charged limited to 1% of the early payment amount for credits whose maturity
does not exceed 24 months; and 2% of the early payment amount for credits whose
maturity exceeds 24 months. However, for credit debts in foreign currency or
foreign currency indexed credit debts, the prior indicated percentages
regarding the fees due to early payments shall be applicable with an additional
one-point increment.