Now 12 installments are more expensive: interest rates rise

The Ministry of Internal Trade listened to the claims of banks and traders and authorized this tuesday a increasing interest rates charged internally Today’s program 12.

In recent days, that demand has been strong and they have even discussed the possibility of abandoning the plan if there is no adjustment to program rates in mind. up to 24 installments for the purchase of products of the country of origin.

This is reflected in Resolution 404/2022 published on Tuesday in the Official Gazette and signed by Roberto Feletti. The text of the same warns that “the banking chambers and associations have expressed the need to update the discount rates provided for the said Program, in order to maintain its sustainability.”

“That as a result of the evolution of reference rates for financing using credit cards and personal loans, as well as the trajectory of prices and the growth of the“ NOW 12 ”Program, it is appropriate to change the planned conditions in finance ”, said the missive.

However, it clarifies that “even with the proposed changes, the expected rate of financing will continue to be a stimulus for the promotion of sales of locally made products, and therefore, convenience for suppliers and businesses, as well as for consumers ”.

This adjustment is in line with the reference rate increase ordered by the Central Bank in the face of inflationary acceleration that has not stopped and the Government’s intention to maintain positive interest rates.

How are the rates Now 12

• In 3 installments: maximum discount rate, 4.06% (formerly 3.82%)
• In 6 installments: maximum discount rate, 7.81% (before 7.36%)
• In 12 installments: maximum discount rate, 14.73% (before 13.94)
• In 18 installments: maximum discount rate, 23.56% (formerly 22.54%)
• In 24 installments: maximum discount rate, 29.68% (before 28.46%)

What products can be purchased in 3 or 6 installments

• Get dressed: casual wear for men, women and children, work clothes, sports clothes, everyday wear and clothing accessories. Includes jewelry and watches.
• Footwear and Leather: sports and non-sports shoes, wallets, suitcases, handbags and leather products made of leather and other materials.
• Furniture: all household appliances.
• Bicycles: all types of bicycles, including electrical, their parts or pieces.
• Tourism: Includes services or products within the National Territory: bus tickets, air tickets, hotels, tourist accommodation, tour packages purchased through authorized travel agencies, rental cars, excursions and leisure activities, and regional products. In just 6 installments.
• Books: school texts and books.
• Glasses and contact lenses: Prescription glasses and contact lenses, purchased at opticians whose value is less than or equal to $ 20,000.
• Library materials: notebook, stationery, pencil, pen, backpack, cartridge case, label, among others.
• Toys and board games.
• Electronics and Home Appliances Technical Services
• Lighting fixtures, including LED technology.
• Perfume: cosmetic products, personal care and perfumes.
• Small furniture.
• Sports preparation services: gyms.
• machinery and tools: drills, grinders, angle grinder, sanders, polishers, saws, coated electrode welders, TIG system welder, MIG-MAG system welder and vices.
• Educational services: language courses, computer courses, sports and cultural activities. Schools or universities are not included.
• personal care services: hairdressers and beauty salons.
• Organization of events and commercial exhibitions: catering and photography.
• Repair services for cars, motor vehicles and motorcycles.
• Alarm installation services.
• Spas.

What can I buy in 12 or 18 fixed monthly installments

• white line: air conditioner, air conditioner or ventilation, dishwasher, washing machine and dryer, kitchen, oven and stoves, heater and stove, hot water tank and water heater, refrigerator, freezer and freezer.
• clothing: casual wear for men, women and children, work clothes, sports clothes, everyday wear and clothing accessories. Includes jewelry and watches. In just 12 installments.
• Footwear and Leather Goods: sports and non-sports shoes, wallets, suitcases, handbags and leather products made of leather and other materials. In just 12 installments.
• Materials and tools for construction: sand, cement, lime, plaster, brick, steel, sheet metal, openings, wood, ceramics, toilets, pipes and tubes, faucets, membranes, tiles, paint, glass, hardware, wooden and work tools .
• Household items.
• bicycles: all types of bicycles, including electric bicycles, their parts or pieces.
• motorcycles: that the final price is not higher than $ 300,000.
• Tourism: Includes services or products within the National Territory: bus tickets, air tickets, hotels, tourist accommodation, tour packages purchased through authorized travel agencies, rental cars, excursions and leisure activities, and regional products.
• Mattresses and box springs.
• Books: school texts and books.
• Glasses and contact lenses: Prescription glasses and contact lenses, purchased at opticians whose value is less than or equal to $ 20,000. In just 12 installments.
• Toys and board games.
• Tires, accessories, gas vehicle conversion kits, CNG and spare parts for automobiles and motorcycles.
• Musical Instruments.
• Computers, notebooks and tablets.
• TVs and monitors.
• Sports preparation services: gyms.
• Medical equipment: includes: electrocardiographs, defibrillators, monitors for various physiological signals, medical grade scales, instruments, clinical laboratory equipment, sterilization elements.
• spas: In just 12 installments.
• Kit for home connection to public water and sewage services. In just 12 installments
• durable kitchen utensils: pots, pans, frying pan and skillet, all aluminum. In just 12 installments.

What products can I buy in 24 fixed monthly installments?

• white line: air conditioner, air conditioner or ventilation, dishwasher, washing machine and dryer, kitchen, oven and stoves, heater and stove, hot water tank and water heater, refrigerator, freezer and freezer.
• Materials and tools for construction: sand, cement, lime, plaster, brick, steel, sheet metal, openings, wood, ceramics, toilets, pipes and tubes, faucets, membranes, tiles, paint, glass, hardware, wooden and work tools .
• Household items.
• bicycles: all types of bicycles, including electric bicycles, their parts or pieces.
• Mattresses and box springs.
• Tires, accessories, conversion kits for CNG gas vehicles and spare parts for automobiles and motorcycles.
• Computers, notebooks and tablets.
• TVs and monitors.
• Small furniture.

YNang