# Hour 12: What rates are paid and what items can be purchased

With the aim of supporting consumption, the government has announced an increase in consumption consumption limits with credit cardsWhile banks have already indicated that they will continue to review their customers’ credit history to increase this amount, the truth is that this announcement focuses on the decrease (announced last week). by 9 percentage points in the interest consumers pay to use Now 12.

In this way, if the quota is extended (a 30% increase has been defined for the amounts of credit installment purchases, and 25% for lump sum payment transactions), consumers will be more likely to accept to buy more assets with the government installment plan.

The reduction announced days ago brought the annual rate to 72.75%, from the previous 81.75%. How much interest is paidAS, depending on the number of installments chosen: 3, 6, 12, 18 and 24.

In the first quarter of the year, the program recorded a negative performance. The Executive’s decision aims to give a new impetus to the purchases of national products, which they represent more than 5.8 million monthly transactions Of a total value of over \$250,000 million.

The reduction announced by Sergio Massa last week took into account 85% of the Central Bank’s new monetary policy rate, brought to a nominal 97% last week.

The Ahora 12 program, which offers several options for fixed monthly credit card payments, will be valid until 30 June 2023.

## Hour 12: how much will be paid based on the number of installments

• 3 installments: 11.56%. For example: If a \$1,000 purchase is made, they will be paid out 3 installments of \$371.86. (TNA: 72.75%)
• 6 installments: 23.94%. Example: If a \$1,000 purchase is made, the 6 installments of \$206.57.
• 12 installments: 52.54%. For example: if a purchase is made you will pay \$1,000, they will be 12 installments of \$127.12.
• 18 installments: 87.16%. Example: For a \$1,000 purchase, I’ll pay 18 installments of \$103.98.
• 24 installments: 129.18%. For example, for a \$1,000 purchase, payment will be in 24 installments of \$95.49.

## Hour 12: one by one, which items it includes

The asset purchase finance program, in its various versions of fixed monthly installments, covers a wide variety of items, ranging from technology and appliances to clothing, furniture, building materials and educational services.

The elements included in the plan are:

• Mobile phone
• Home appliances
• Clothing and footwear
• Furniture
• Building materials and machinery M
• Other, spare parts and automotive workshops
• Books and stationery Toys
• Bikes
• Glasses and contact lenses a
• lighting equipment
• Perfumery
• Tourism
• Medical equipment
• Musical instruments
• spa
• gyms
• Educational services
• personal care services
• repair services
• Alarm installation services

## Hour 12: items and taxes

What can be paid up to 6 installments: educational services such as language and computer courses as well as sports courses and cultural activities; personal care services such as hairdressing and beauty salons. Category shows and cultural events.

What can be paid in up to 12 installments: glasses and lenses; spas; footwear and leather goods; aluminum pots, pans, frying pans and grills; clothing, musical instruments, technical services for electronics and tourism. Lighting equipment, stationery, small appliances, perfumery, alarm installation and car and motorcycle repair. Funeral services.

What can be paid up to 18 installments: bicycles, mattresses, toys and board games; books, motorcycles, machinery, materials and tools, furniture, tyres, conversion kits and spare parts for methane vehicles and gyms.

What can be paid in up to 24 installments: computers, notebooks and tablets; televisions and monitors; White line products such as water heaters, refrigerators, freezers, freezers, air conditioners, air conditioners or vents, dishwashers, washers and dryers, cookers, ovens, stoves, heaters, space heaters and hot water tanks; medical equipment; and domestic connection kits for water and sewage services.

NS

Source: Clarin

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