Now 12 continues, but it will be more expensive to finance: interest rates reach 49%

The Government announced this Thursday that it will keep the program in force now 12 for purchases in installments, as planned, Until June 30th. However, the financing will be more expensive, because the interest rates.

For payments in 3, 6 and 12 fixed installments will be from 42%While for 18 and 24 fixed installments will represent the 49%. Is about raises average of 10 points percentage.

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Through resolution 490/2022, the Secretary of Domestic Trade confirmed the new figures and gives continuity to the program launched in 2014.

Follow Now 12: the new rates

The state initiative seeks to promote the consumption of nationally produced goods and services, through making purchases with a credit card, in 3, 6, 12, 18 and 24 installments and with a rate that seeks to be lower than the market.

This Thursday the national authorities confirmed the continuity of the program, but with modifications that will financing more expensive.

Through resolution 490/2022, the Ministry of Internal Trade, which leads William Hangadapted the financial conditions: the Annual Nominal Rate (TNA) for payments in 3, 6 and 12 fixed installments will be 42%while for 18 and 24 fixed installments it will represent the 49%.

The Secretary of Internal Trade, directed by Guillermo Hang, reported the new values.  (Photo: Ministry of Economy)
The Secretary of Internal Trade, directed by Guillermo Hang, reported the new values. (Photo: Ministry of Economy)

As detailed from the Ministry of Commerce, this adaptation responds to the growth that the Program had and in view of its “sustainability”, according to the recent evolution of the monetary policy rates of the Central Bank (BCRA) and the policy of the National State of “tend to harmonize interest rates”.

According to official information, with 24.9 million purchases, the program registered from January to April of this year operations by $411,677 million with an average ticket of $17,585. Among the best-selling items are clothing, appliances and construction materials.

What products can be purchased in up to 24 fixed installments

  • Products of White line: water heaters, refrigerators, freezers, freezers, air conditioners, air conditioners and/or ventilation, dishwashers, washers and dryers, kitchens, ovens, stoves, heaters, stoves and hot water tanks.
  • Items for the home: furniture, mattresses and small appliances.
  • bikesincluding electric.

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  • For him car: tires; automotive accessories and spare parts.
  • electronics: computers, notebooks and tablets (nationally manufactured); televisions and monitors.
  • Materials for building: sand, cement, lime, plaster, bricks, iron, sheet metal, openings, wood, ceramics, toilets, pipes, pipes, taps, membranes, tiles, paint, glass, fittings and wooden floors.

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