Ticari Kredilerde Erken Kapama Komisyonlarina Iliskin Duzenlemenin Faizlere Etkisi

Kubra Bolukbas and Huseyin Ozturk

CBT Research Notes in Economics from Research and Monetary Policy Department, Central Bank of the Republic of Turkey

Abstract: [TR] Bu calismada, ticari kredilerde erken kapama komisyon oranlarinin bir duzenlemeyle degistirilmesinin faiz oranlari uzerindeki etkisi incelenmektedir. Farklarin farki analizinden elde edilen bulgularimiz, duzenlemenin en kisa vadeye kiyasla daha uzun vadeli kredi faizlerinde 2-8 yuzde puan arasinda faiz dususune neden oldugunu gostermektedir. Sonuclar, komisyon gibi faiz disi maliyet bilesenlerinin ihtiyaclar dogrultusunda degistirilmesinin, genel borclanma kosullari ve beklentiler uzerindeki olumlu rolune vurgu yapmaktadir. Duzenleme, bu anlamda fiyat katiliklarini gidererek ticari kredi piyasalarinin isleyisini iyilestirmekle kalmamis, ayni zamanda parasal aktarima katkida bulunmustur. Bu bulgular, dezenflasyon surecinde kredi kanalinin saglikli islemesine katki saglayan onemli politika tasarimlarindan birini gostermektedir. [EN] In this study, the impact of amending early closing commission rates in commercial loans on interest rates is examined. Our findings from difference in differences analysis show that the regulation caused a 2-8 percentage point decrease in longer-term loan rates compared to the shortest term. The results emphasize the positive role of changing non-interest cost components such as commissions in line with needs on general borrowing conditions and expectations. In this sense, the regulation not only improved the functioning of commercial credit markets by eliminating price rigidities, but also contributed to monetary transmission. These findings demonstrate one of the important policy designs that contribute to the healthy functioning of the credit channel during disinflation process.

Date: 2025
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