Now the 12th is extended but the cost of financing in fixed installments will be higher

In keeping with the new policy of the plant, the government has extended the Now 12 program but has raised the cost of financing the purchase of products such as household appliances, computers, bicycles and clothing. By resolution of the Secretariat of Commerce, the Annual Nominal Rate (TNA) for payments in 3, 6 and 12 fixed installments it will be 42%while for 18 and 24 fixed installments it will represent 49%.

“This adaptation responds to the growth that the Now 12 Program has had and in consideration of its sustainability in accordance with the recent evolution of the monetary policy rates of the Central Bank of the Argentine Republic (BCRA) and the policy of the National State to promote harmonization interest rates “, reads a statement from the office led by Guillermo Hang, successor of the resigning Roberto Feletti.

In this way, the Government has extended the validity of the program – as requested by the companies – which was launched for the first time in 2014 and which currently includes 30 items of products and services. Although the cost of sharing purchases with Now 12 becomes more expensive, the promoters of the program have made it clear that the new rate “It is below the market.”

Basically, the conditions of the Now 12 program are maintained. It will run 7 days a week and all products and services can be purchased online and at participating stores across the country. Among the most important elements are Home appliances, appliances, computers, notebooks and tablets, mattresses, furniture, building materials and tools, bicycles, clothing and footwear.

“With 24.9 million purchases, the program recorded operations for $ 411.677 million pesos from January to April this year with an average ticket of $ 17,585. Among the best-selling items are clothing, appliances and building materials. “, underlines the statement.