The Government regulated the Cuota Simple program, which replaces the Now 12 and which will come into effect as of February 1.
The details refer not only to the financing terms, which are 3 and 6 fixed installments with a credit card, but it will have a subsidized rate, a national scope and in principle will last until May 31.
Through resolution 50/2204 of the Ministry of Commerce, published in the Official Gazette, it approved “the Unified Regulation of the Program to Promote the Consumption and Production of Goods and Services, called “SIMPLE QUOTE.”
With this program, consumers will be able to make their purchases virtually
or physically, in fixed installments, and will have more than 30 categories of
nationally manufactured products that can be accessed with a TNA that represents 85% of the Bank's fixed term. Central (110% TNA).
If it remains this way, it will represent a TNA of 93.5%.
The agreement that was sealed last Friday, according to Clarín, involved members of the Ministry of Commerce, the Central Bank, banking entities, and representatives of retail businesses, including representatives of the Argentine Confederation of Medium Enterprises (CAME) and the Argentine Chamber of Commerce (CAC).
The measure aims to "promote economic development, encouraging productive investment and the demand for goods and services through the granting of payment facilities in fixed installments."
According to data collected by the consulting firm Ecolatina,
purchases with Now 12 installment plans represent between 20% and 25% of credit card consumption
, and from there derives the relevance of the reactivation of this program.
According to specialists from the consultancy, the fact that it is
in 3 and 6 installments responds to consumer preferences for shorter financing terms.
Hernán Lechter, CEPA economist, warned that, although the program has an attractive rate, "the risk is that the list price will actually be split with the cash price" and the list price will be raised in order to compensate for the financing
Simple Installment: what products can be purchased in 3 and 6 installments
Appliances
: air conditioners, air and/or ventilation conditioners, dishwashers, washing machines and dryers, kitchens, ovens and stoves, heaters and stoves, hot water tanks and water heaters, refrigerators, freezers and freezers.
Clothing
: clothing for men, women and children (includes work, sports, daily wear and all types of clothing accessories), as well as jewelry and watches.
Footwear and Leather Goods
: sports and non-sports footwear, wallets, suitcases, handbags and leather goods made of leather and other materials.
Cell phones
with 4G technology.
Furniture:
all home furniture.
Bikes.
It includes all types of bicycles, including electric bicycles, their parts and/or pieces.
Motorcycles:
includes all those whose final price does not exceed $1,300,000.
Educational Services:
Language courses, computer-related courses, sports and cultural activities.
Does not include schools or universities.
Mattresses
and box springs.
Books
: school textbooks and books.
Glasses and Contact Lenses
: prescription glasses whose final price does not exceed $97,000.
Bookstore Items
: notebooks, stationery, pencils, pens, backpacks, pencil cases, labels, among others.
Toys and Board Games
Technical Services for Electronics and
Home Appliances.
Tires:
accessories, CNG gas vehicle conversion kit and spare parts for automobiles and motorcycles.
Musical instruments.
Computers, Notebooks and Tablets
Illumination artifacts
Televisions and monitors.
Perfumery
: cosmetics, personal care and perfume products.
Small Appliances
.
Sports preparation services
, including gyms.
Medical Equipment:
Respiratory therapy equipment;
furniture (orthopedic beds, Bathing aids: bathing chairs, transfer chairs, grab bars);
Wheelchair;
Orthoses, orthopedics and their parts (Prostheses for amputees, custom valves, custom orthoses, insoles, custom corsets, walkers, canes, crutches).
Limit for the item of $1,160,000.
Machinery and Tools
: Drills, angle grinders, sanders, polishers, saws, coated electrode welders, TIG system welder, MIG-MAG system welder and vises.
Shows and cultural events
.
Plays and concerts by national artists, and a limit of $62,000 is established.
Durable kitchen items
: Pots, saucepans, pans and griddles, all made of aluminum.
Automotive Vehicle and Motorcycle Repair Services.
Kit for home connection
to public water and sewer services.
Simple Fee: how to identify participating businesses
The businesses that join Cuota Simple will be identified with the program logo, as was already the case with Ahora 12. Those establishments that qualify as supermarkets, hypermarkets or general stores will be able to join.
Simple Fee: participating businesses
By Marcela Marín
S.N.