The Ministry of Industry and Commerce today updated the Simple Quota rate, the consumption promotion program promoted by the national government, which will go from a rate of 80% to a TNA of 70%. This means a 12.5% decrease in the financing of purchases in 3 and 6 fixed installments through this initiative.
The monthly rate, therefore, will become 5.83%, which represents a rate of 17.5% for a purchase in three installments and 35% for one in six installments.
This update, which responds to the reduction of the Central Bank’s reference interest rate, allows More consumers can make their purchases in an offer of 29 items, including clothing, footwear, household appliances and tourism.
Simple fee: discount program numbers
In February, Simple Fee recorded 4,851,824 operations with a traded volume of $396,059 million. The average ticket during the month was $81,631.
Depending on billing volumethe main items were “Clothing” (32.3% of sales), “Small Appliances” (18.7% of sales) and “Footwear and Leather Goods” (8.7%). Of the total purchases through the program, the 55% was made in 3 installments and 45% in 6.
What is Simple Fee
Simple Fee allows you to finance product purchases in 3 and 6 fixed monthly installments in both virtual and local stores adherents from all over the country. Includes the following items: Glasses and contact lenses, Lighting fixtures, Bookstore items, Bookstore items, Bicycles, Footwear and leather goods, Mattresses, Computers, Notebooks and Tablets, Durable kitchen items, Medical equipment, Shows and Cultural events, Clothing, and musical instruments.
It also includes Tourism, Toys, Books, Appliances, Machinery and Tools, Motorcycles, Furniture, Tires, accessories and spare parts, Small Appliances, Perfumery, Educational services, Kit for home connection to water and sewer services, Preparation services for sports, Repair services, Motor vehicle and motorcycle repair shops, Cell phones with 4G and 5G technology, Televisions and monitors.
Source: Ambito
