The fee for the program now 12 was Until now, it was 72.75% nominal per year, but now it has gone to 88.5% nominal per year.
Now 12: how to calculate the program rate
The Nominal Annual Rate (TNA) of now 12according to the last extension made by the Commerce secretary “remains at 75% of the rate published by the central bank for fixed terms.
In this way, as the fixed term has a rate of 118%, that of the program now 12 will be 88.5%.
The program will be in force until January 2024, “a term that may be extended,” according to the ministry.
The products that are sold with this program are only of national origin and the companies that want to sell their products with now 12 must have signed price agreements with the Commerce secretaryexcept SMEs, small and medium-sized businesses, and it is applied only to items with current agreements.
In addition, the portfolio in charge increased the financing limit of 4 items at the end of June, raising the value of motorcycle purchases to $730,000; glasses and contact lenses at $62,000; medical equipment at $450,000 and shows and cultural events at $42,000.
The program covers 35 product categories, including those of White line, dress, footwear and leather goods; materials and tools for construction, furniture, bikes and motorcycles.
Source: Ambito
