Purchasing a mobile phone with installment payments using a promissory note enables buyers to acquire devices with terms up to 24 months. Following a decision by the Banking Regulation and Supervision Agency (BDDK), installment purchases with credit cards were limited; for mobile phones, the number of installments allowed on credit cards is restricted between 3 and 12 months.
Shoppers who want longer terms can extend the repayment period by using consumer loans or buying phones with promissory notes and cash-on-delivery installment plans. To buy a phone using a consumer loan, the borrower’s credit score must be above the risky threshold. Consumers who do not meet that requirement can still purchase smartphones with terms longer than 12 months through companies that sell phones on promissory notes and cash installments.
ARE PHONES AVAILABLE ON INSTALLMENTS?
Phones sold on installments can be financed via credit card, promissory note with cash installment, or consumer loan. Depending on the chosen method, installment periods range from 3 to 36 months. The number of installments offered depends on the seller, the phone’s price, the buyer’s credit score, and, when necessary, presentation of a guarantor.
How many installments are allowed on a credit card for a mobile phone?
Credit card installment limits for phones are determined by the device price. Phones priced under 3,500 TL are eligible for up to 12 monthly installments. For phones priced above 3,500 TL, the maximum allowed credit card installments are up to 3 months.
How many installments are possible with a promissory note (cash installment)?
The number of installments for promissory note purchases varies by store policy. For cash-installment sales without a credit card, which may require a guarantor in some cases, terms can extend up to 24 months depending on the retailer.
How many months can you pay by consumer loan for a phone?
Consumer loan installments can reach up to 36 months. After the reduction in personal loan term limits, when you use a consumer loan to buy a phone you may be able to spread payments up to 36 months depending on the loan agreement and the device price.
PLACES THAT SELL PHONES ON CASH INSTALLMENTS OR PROMISSORY NOTES
Companies offering cash-installment sales are preferred by consumers who want to buy phones without an upfront payment. Large retail chains and official brand dealers often provide installment options without a credit card. GSM operators also sell phones on installment tied to postpaid subscriptions for up to 12 months. Using these methods, you can purchase phones on cash-installment or promissory note plans with terms up to 24 months at the locations listed below:
- MediaMarkt
- Evkur
- Teknosa
- Arçelik
- Vatan Computer
- Evdiz
- Soylu AVM
- Beko and Vestel stores
- Mutlu Evim
- Mobile network operators
Buying a phone on installments from MediaMarkt
At MediaMarkt you can finance a phone with terms up to 12 months. MediaMarkt works with Denizbank, Yapı Kredi, and Garanti BBVA to offer consumer loan-backed installment options of 3, 6, and 12 months for phone purchases.
Buying a phone on promissory note from Evkur
Purchasing a phone from Evkur on a promissory note typically requires no down payment. Through Evkur’s physical stores you can access promissory note installments up to 12 months. Customers who are at least 18 years old with verifiable regular income can apply in-store to buy popular brands such as Samsung, Xiaomi, Huawei, and Oppo on cash-installment plans without an upfront payment.
Buying a phone on installments from Teknosa
At Teknosa, installment phone sales are provided through consumer loans. Teknosa does not offer promissory-note sales in stores or online. After selecting a device, you can apply for a consumer loan to spread payments up to 36 months either at Teknosa branches or by sending an SMS to the designated number.
To apply by SMS, send the text in the format “TEKNOSA [space] [Turkish ID number]” to the specified number. After sending the SMS or applying in person, you may use ING consumer loan options to finance a Teknosa purchase with installments up to 36 months.
Buying a phone on cash-installment from Arçelik
Arçelik offers cash-installment phone sales in physical stores with terms up to 12 months. On Arçelik’s online store, sales are processed via credit card or consumer loan. If you have a good credit score and documented steady income, you may be eligible for purchases with 6 to 12 months of installment financing at Arçelik stores.
Buying a phone on installments from Vatan Computer
Vatan Computer offers installment options through consumer loans. You can apply for financing via the Fibabanka representative available in Vatan stores. With Fibabanka consumer loans, Vatan Computer provides installment plans of 6, 12, and 24 months for phone purchases.
Buying a phone on cash-installment or promissory note from Evdiz
Evdiz offers phones on promissory note and cash-installment plans with terms up to 12 months. Evdiz operates around 20 stores across Turkey, and customers can apply at those locations to buy phones without a down payment using promissory notes.
Evdiz stores are located in the following provinces:
- Bursa
- Edirne
- Eskişehir – 3 branches
- Kırklareli – 2 branches
- İstanbul – 5 branches
- Sakarya
- Samsun
- Şanlıurfa
- Tekirdağ – 5 branches
Buying a phone on installments from Soylu AVM
Soylu AVM offers promissory note installments up to 24 months. After applying at a Soylu AVM store, customers can obtain installment plans on promissory notes. The brand operates 31 stores across various provinces.
Soylu AVM stores are located in these provinces:
- Adana
- Aksaray
- Amasya
- Aydın – 2 stores
- Çorum
- Denizli – 2 stores
- Eskişehir
- Giresun
- İstanbul – 7 branches
- İzmir – 2 branches
- Karaman
- Kayseri
- Mersin – 3 branches
- Ordu – 3 branches
- Osmaniye
- Samsun – 2 stores
- Trabzon
Buying a phone on cash-installment from Beko and Vestel stores
Beko and Vestel stores offer cash-installment phone sales depending on in-store applications. Installment terms for these brands can reach up to 24 months, but not every store provides promissory-note options. Contact your local Beko or Vestel store to learn about available promissory-note financing.
Buying a phone without down payment from Mutlu Evim on promissory note
Mutlu Evim sells phones on promissory notes through its stores and website without requiring a down payment. Popular brands such as iPhone, Asus, Sony, Samsung, Casper, and Vestel are offered on promissory-note plans with a maximum term of 24 months. Retirees may be able to purchase on promissory note without additional documentation. General conditions to qualify for promissory-note purchases at Mutlu Evim include:
- Being employed with SGK registration in the public or private sector,
- Meeting any mortgage requirement requested based on the purchase amount,
- Having a credit score of at least 1,000,
- Not having outstanding collections or delinquencies.
Buying a phone with additional installments on postpaid tariff
Tariff-linked installment phone sales are offered by all three major operators under specific terms. Turkcell, Vodafone, and Türk Telekom provide this option via their authorized dealers. Customers who meet operator conditions can accept an additional monthly charge on their tariff and purchase a phone with up to 24 months of installments. Typical requirements include:
- Having used the operator’s postpaid service for at least 6 months,
- Having no unpaid invoice debts.