Simple Installment: all the keys to the plan to purchase in 3 and 6 installments which replaced Now 12

From this Thursday, February 1st, it came into force the Simple Tariff programwhich replaces Now 12. Can be purchased in 3 and 6 fixed installments by credit cardat a discounted rate, will have a national scope and, in principle, will last until May 31st.

With this program consumers will be able to make their purchases virtual or physical, in fixed installments, and will have more than 30 product categories of national manufacture, which is accessed with a nominal annual rate (TNA) which represents 85% of the fixed duration of the Central Bank (110%). If it stays that way it will represent a TNA of 93.5%.

The agreement for the implementation of the plan was attended by members of the Ministry of Commerce, the Central Bank, banking institutions and representatives of retail businesses, including representatives of the Argentine Confederation of Medium-Sized Enterprises (CAME) and the Argentine Chamber of Commerce (CAC ). .

The measure aims to “promote economic development, encouraging productive investments and the demand for goods and services through the granting of payment facilities in fixed installments”.

According to data collected by the consultancy firm Ecolatina, Now 12 installment purchases represent between 20% and 25% of credit card consumption, and hence the importance of reactivating this program. According to consultation specialists, yes in 3 and 6 installments responds to consumer preferences for shorter financing terms.

Simple Installment: which products can be purchased in 3 and 6 installments

• white line: air conditioners, air conditioners and/or ventilation, dishwashers, washing machines and dryers, ranges, ovens and stoves, stoves and stoves, hot water tanks and water heaters, refrigerators, freezers and freezers.

• Dress: clothing for men, women and children (includes work, sports, daily wear and all kinds of clothing accessories), as well as jewelry and watches.

• Footwear and Leather Goods: sports and non-sports shoes, wallets, suitcases, handbags and leather goods made of leather and other materials.

• Mobile phone with 4G technology.

• Furniture: all the furniture in the house.

• Bikes. It includes all types of bicycles, including electric bicycles, their parts and/or pieces.

• Motorcycles: includes all those whose final price does not exceed $1,300,000.

• Educational services: Language courses, IT-related courses, sporting and cultural activities. Does not include schools or universities.

• Mattresses and box springs.

• Books: school textbooks and books.

• Glasses and contact lenses: eyeglasses whose final price does not exceed 97,000 dollars.

• Library items: notebooks, stationery, pencils, pens, backpacks, pencil cases, labels, among others.

• Toys and board games

• Technical services for electronics and household appliances for home.

• Tires: accessories, conversion kits for methane gas vehicles and spare parts for cars and motorbikes.

• Musical instruments.

• Computers, Notebooks and Tablets

• Lighting artifacts

• Televisions and monitors.

• Perfumery: cosmetics, personal care products and perfumes.

• Small appliances.

• Sports training servicesincluding gyms.

• Medical equipment: Respiratory therapy equipment; furnishings (orthopedic beds, bathroom aids: bath chairs, transfer chairs, grab bars); Wheelchair; Orthotics, orthopedics and their parts (Prosthetics for amputees, custom-made valves, custom-made orthoses, insoles, custom-made corsets, walkers, canes, crutches). Item limit of $1,160,000.

• Machinery and tools: Drills, angle grinders, sanders, polishers, saws, coated electrode welders, TIG system welders, MIG-MAG system welders and vices.

• Shows and cultural events. Shows and concerts by national artists and a limit of $ 62,000 is established.

• Durable kitchen items: Pots, saucepans, pans and grills, all in aluminium.

• Automotive vehicle and motorcycle repair services.

• Home connection kit to public water and sewerage services.

Simple Tariff: how to identify participating companies

The businesses that join Cuota Simple will be identified with the program logo, as already happened with Ahora 12. Businesses that qualify as supermarkets, hypermarkets or general stores will be able to join.

By Marcela Marín

SN