After the announcement of the credits of the National Social Security Administration (ANSES) for retirees at a subsidized rate, in the midst of high inflation and the skyrocketing price of the blue dollar above $500, savers begin to analyze consumption and investment proposals and one of the dilemmas that arise is what is best: get a ANSES loan or pay with now 12.
During the launching of the credits, the Minister of Economy, Sergio Massaand the general director of ANSES, fernanda ravertaIn addition to the announcement of the soft credit line with a nominal annual rate of 29%, they added the good news that the total financial cost (CFT) -rate plus administrative expenses- would be no more than 37.55%.
Purchases in installments: which rate is more convenient, ANSES Credits or Now 12
The line of credit is far from improving the purchasing power of the beneficiaries of retirement and pensionsbut it is an opportunity to make purchases in installments and finance your expenses at a low cost.
And it is that, while the total financial cost for ANSES credits is 37.55%the reference rates of the central bank With a nominal 97%, with an annual effective rate (TEA) of 154.28%, these new loans for retirees offer much softer conditions and very cheap financing.
Likewise, in comparison, the conditions of another financing plan with a subsidized rate, such as the Ahora 12 plan, have a total financial cost of 132.54%, also below the TEA of the BCRA. In this context, both options (the ANSES credit and this installment plan) are interesting for the consumer and saver.
ANSES credit: how much will access to loans be
The theme, in the case of ANSES credits is the possibility of access to them. “It is true that it is the cheapest on the market, but it is only for retirees and pensioners and its scope is very limited, since only 125,000 people will be able to take it out, because it has a limit of $50,000 million pesos”explain to Ambit Damian Di Pace, director of Focus Market.
For his part, he mentions that “Ahora 12 has a lower purchase limit at a higher rate, but has greater access in volume. Adding the rate plus the CFT, it is in line with projected inflation for this year, therefore, both are convenient”.
Thus, despite the fact that the terms are not comparable, because the Anses line of credit starts with 24 installments, as a minimum, and then you can opt for 36 or 48 for repayment, in the amounts and repayment terms, it is quickly identified which is the most convenient alternative.
Purchases in installments: does the ANSES credit rate liquefy with inflation?
Clearly, it is observed that it is much more convenient to obtain a ANSES loan to 24 months by $244,799which is granted at a total financial cost of 36.04% per year, and is returned in installments of $14,587.42 each.
In 24 months of the ANSES credit, the $350,098.08 in total, $23,000 less than Now 12. And that’s without counting the way in which that quota is going to be liquidated with 24-month inflation instead of one, although this effect is similar for the two options considered.
At longer terms, the installments get smaller and the nominal final amount gets higher. But the effect of inflation happens to have a much bigger impact.
There are no solid inflation forecasts for the next four years, given the uncertainty generated by not knowing what the government’s program to assume in December of this year will be. Latest Survey of Market Expectations (REM) of the Central Bank estimates that by the end of the year prices will increase 161% year-on-year, 105% in all of 2024 and 54.8% in 2025.
Source: Ambito
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