As anticipated Ambithe Government kept meetings with financial entities in recent days to advance in a new consumer financing program. The new program will replace Now 12 from February.
According to official sources, the Commerce secretary and the banks They hold meetings in which they are specifically defining what will be the interest rate that the program will have in this new stage.
Simple quota: what the new Government purchasing program consists of
As he knew Ambitthe new program will be called “Simple Fee”and will offer the purchase of products in 3 and 6 installments at a subsidized rate, which is the point that is being finalized in the coming days. It is likely that “a part will be absorbed by banks and 10% by businesses,” official sources reported.
According to the studies managed by the Undersecretary of Consumer Defense and Commercial Loyalty that drives Fernando Blanco Muiñothe offer will focus on clothing and applianceswithout prejudice to the fact that other sectors may enter, because they are those that Greater demand they had during the previous stages.
In the case of the appliances and cell phones those products assembled in Land of Firedue to the promotion regime that already favors the province.
Launched in 2014 for encourage consumptionthe program Now 12 this valid until January 31 and offers 3, 6, 12, 18 and 24 installments in more of 30 itemswith a Annual Nominal Rate (TNA) of 82.50%to buy national products in fixed installments with credit card.
End of Now 12: the program figures
According to the latest monitoring report, the Ahora 12 program recorded a sales volume of $477,349 million in November 2023 and $3,429,707 million in the accumulated January-Novembera 133% more than in the same period of 2022.
He Average ticket in November was $74,223 and the items with the highest monthly sales were dress (34% share of total turnover), home appliances (23%) and construction materials (7%).
During Novemberthe program billing decreased 11% to current prices and 21% at constant prices with compared to the record month of October. Despite this, it was located 31% and 6% by above September levels respectively.
Although it was observed a month-on-month decrease in the billing levels of the main items, the invoiced amounts were higher than those registered in September.
The participation of financing lines Now 3 and Now 6showed in November a constant increase compared to long-term installments (Now 12, Now 18 and Now 24), which means a reduction in the use of the latter.