Hour 12: the rates for buying in installments rise to 59%

This was decided by the Secretary of Commerce increase rates of funding programs now 12in line with the recent jump in the Central Bank’s monetary policy rates, which went from 60 to 69.50% at the beginning of August.

“It is considered appropriate change the financial conditions of the Program with an increase in the discount factor such that the the equivalent average annual nominal interest rate will be 59.08% for loans in 3, 6, 12, 18 and 24 fixed installments “, indicates resolution 5/2022. Previously, the rates ranged from 42% to 49%.

“The expected funding rate means a incentive to increase sales of products manufactured locally and, therefore, it is convenient both for suppliers and businesses, and for consumers “, adds the standard.

Direct Program Fees will be calculated based on the Annual Nominal Fee equivalent to 85% of the 30-day forward rate up to $ 10 million set by the Central Bank for individuals.

Commissions for merchants

For operations in 3 installments merchants will withdraw within 10 days, at a discount rate of 7.06% (the previous rate was 5.11%), while in 6 installments the discount rate for businesses will be 13.3%. (before (9.77%)

On the other hand, merchants will be able to choose between being charged within 60 calendar days with a maximum direct discount rate of 18.74%, or within a period of up to 10 days with a maximum direct discount rate of 24.16. % (from 18.18%), for sales made in 12 episodes.

In the case of the 18 installmentsthey will also be able to withdraw in 60 days with a maximum rate of 28.35% direct (13.95%), or in 10 days with a maximum rate of 33.2% (previously 28.84%).

And, for the 24 installmentsthe rates will be 36.43% if charged after 60 days or 40.78% in 10 days (previously it was 35.83%).

What you can buy with Now 12

The Now 12 program was created in 2014 and subsequently extended. The current program runs until January 2023.

Depending on the type of product, it can be purchased in different installments. According to official data, the program allows you to acquire:

• White line (3, 6, 12, 18 and 24 installments): Air conditioners, air conditioners and / or ventilation, dishwashers, washing machines and dryers, cookers, ovens and ranges, stoves and stoves, hot water tanks and water heaters, refrigerators, freezers and freezers.

• Televisions and monitors (6, 12, 18 and 24 installments): All models.

• Small appliances (3, 6 and 12 installments): Electric kettles, blenders, food processors, mixers, toasters, among others.

• Computers, notebooks and tablets (3, 6, 12, 18 and 24 installments): All types of computers, notebooks and tablets.

• Clothing (3, 6 and 12 installments): Garments for men, women and children. It includes work clothes, sportswear, clothes for everyday use and all kinds of clothing accessories.

• Footwear and leather goods (3, 6 and 12 installments): Sports and non-sports footwear. Also includes wallets, suitcases, handbags, leather goods and other materials.

• Toys (3, 6, 12 and 18 installments): Nationally produced board games and toys.

• Bicycles (3, 6, 12 and 18 installments): All types of bicycles, including electric ones, their parts and pieces Furniture (3, 6, 12 and 18 installments) Furniture for the home.

• Mattresses (3, 6, 12 and 18 installments) Mattresses and box springs.

• Glasses and contact lenses (3, 6 and 12 installments):Eyeglasses, purchased from opticians, whose final price does not exceed $ 27,000.

• Construction materials and tools (3, 6, 12 and 18 installments): Sand, concrete, lime, gypsum, brick, iron, sheet metal, openings, wood, ceramics, toilets, pipes and tubes, taps, membranes, tiles, paints, glass, hardware, wooden floors and work tools, among others .

• Machinery and tools (3, 6, 12 and 18 installments):Drills, grinders, sanders, polishers, saws, stick welders, welders with TIG system, welders and vices with MIG-MAG system.

• Motorcycles (12 and 18 installments) Includes all bikes whose final price does not exceed $ 350,000.

• Tires, accessories and spare parts (3, 6, 12 and 18 installments) For cars and motorcycles. Accessories, conversion kits for natural gas vehicles and spare parts for cars and motorcycles.

• Luminaires (3, 6 and 12 installments) All lighting fixtures including electric LED technology ones.

• Tourism (3, 6 and 12 installments) Long-distance bus tickets, airline tickets, hotels and other accommodation facilities authorized by the competent provincial body, tourist packages purchased through authorized travel agencies, car rental, excursions and recreational activities, all services to be provided entirely within the National Territory.

• Medical equipment (12, 18 and 24 installments) Includes oxygen therapy equipment, nebulizers, orthopedic beds, bath chairs, transfer chairs, support bars, wheelchairs, orthoses, orthopedics and parts thereof (amputee prostheses, custom shells, custom orthoses, insoles, custom corsets, walkers , canes, crutches) produced by national SMEs whose final price does not exceed $ 200,000.

• Perfumery (3, 6 and 12 installments) Cosmetics, personal care and national perfumes.

• Books (3, 6, 12 and 18 episodes) School texts and national press books.

• Library article (3, 6 and 12 installments) School library items such as notebooks, stationery, pencils, pens, backpacks, cartridge cases, labels Musical instruments (12 installments) All types of musical instruments.

• Spa (3, 6 and 12 installments) Sports preparation services (3, 6, 12 and 18 installments) Gyms.

• Educational services (3 and 6 installments) Language courses, related to information technology, sports and cultural activities. It does not include schools or universities.

• Personal care services (3 and 6 installments) Hairdressers and beauty centers Repair services (3, 6 and 12 installments) Technical services for electronics and household appliances.

• Repair workshops of motor vehicles and motorcycles (3, 6 and 12 installments) Alarm installation services (3, 6 and 12 installments) Does not include the device.

• Event organization services and fairs (3, 6 and 12 episodes) Catering and photography.

• Durable kitchen items (3, 6 and 12 installments) Includes pots, pans, pans and grills, all in aluminum Kit for domestic connection of water and sewerage (12, 18 and 24 installments) Funeral services (3, 6 and 12 installments) Includes coffin, funeral service, burial, moving inside of the National territory.

• Shows and cultural events (3 and 6 episodes) Includes plays and concerts by national artists, please note that this article has a limit of $ 20,000.

NEITHER