The president also announced that starting in November a program of 42 installments exclusively for retired men and women, with the same interest rate.
The cost of the fee is almost half of the current fee in the financial system for the payment of credit card statements, which is currently 83% Annual Effective Rate (TEA) and it remains below the reference rate of the Central Bank (75%).
In the case of air conditioning equipment, the objective is to promote the incorporation of efficient technologies that allow generate energy savingsas officially reported.
They can participate in the program all businesses that have a physical headquarterswhether small or large, always that they be registered in the register that will be opened by the Secretary of Commerce to this end. This measure will allow refinance the purchase of cell phones at a subsidized rate, an item that was eliminated from Now 12 in October 2020.
The possibility of financing in 30 installments was part of the Now 12 program until February of this year, when it was eliminated since, as explained at the time by the Government, with the billing and sales volume data, it had been detected that the financing in 24 installments there had been a sustained increase in participation in the program since its incorporation, while the 30-installment modality represented less than one point of the total invoicing of the program since its incorporation, which led to its elimination.
While, cell phones had been removed from the Now 12 program in October 2020 due to a “reallocation of resources”.
According to data from the Association of Argentine Electronics Terminal Factories (Afarte)in the first half of 2022 the electronics industry billed US$1,629 million and 5,375,742 cell phones, 1,369,857 televisions and 496,489 air conditioners were produced in Argentina.
In the same period, 4,223,723 cell phones were sold (72% mid-range, 21% low and 7% high), 1,051,773 televisions and 374,069 air conditioners.
The 96% of cell phones, air conditioners and microwaves that are marketed in Argentina They are of national production.
From the business chambers stand out that the program could help stimulate consumption, although they insist that in order to effectively reactivate it, it is necessary to reduce inflation. However, the Argentine Confederation of Medium Enterprises (CAME) asked this week to include the small businesses as far. Until now, it will include retailers with physical premises that register with the Ministry of Commerce and they stressed that they will advocate so that commercial SMEs “can also have the same possibilities that they are giving to large chains and supermarkets.”
what will you be able to buy
Cell phones
Medium and low range products of national production are included, among them some of the models that can be financed are:
Noblex A50PLUS: $27,499
Noblex A60PLUS: $31,999
Noblex P510: $20,999 (ecommerce only)
Noblex P610: $22,999 (ecommerce only)
Laundry
Philco 6KG White 91PHLF061B: $123,999 (SRP)
Philco 8KG White 91PHLF081B: $138,999 (SRP)
Refrigerator
Philco Cyclic 290 liters white 91PHCT291B: $125,999 (suggested price)
Philco Cyclic 340 liters white 91PHCT341B: $134,999 (suggested price)
Philco Cyclic 340 liter stainless 91PHCT341X: $138,999 (suggested price)
Philco No Frost 455 Liter White 91PHNT456BF: $197,999 (MSRP)
Philco No Frost 455 Liter Silver 91PHNT456PF: $199,999 (MSRP)
Source: Ambito
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