The importance of the different financing programs was highlighted by the entity’s head of Internal Trade, Pablo Aliperti, who specified in statements to Télam that they represent “25% of the commercial turnover.”
Although at the moment there was no response to the request, in the CAC they discount that the extension of the expiration will be approved, since otherwise “the commercial activity will be complicated.”
“Without Now 12 there are businesses that are directly without financing, I cannot imagine today a house of electrical appliances without the program,” said Aliperti.
The request was made in a note addressed to the Minister of Productive Development, Matías Kulfas, in which the entity emphasizes that these initiatives “have been very relevant to promote consumption and, through them, national production and employment.”
The note that was released today is dated Friday, January 7, and bears the signatures of the president of the CAC, Natalio Mario Grinman, and the secretary, Rodrigo Pérez Graziano.
The directors of the chamber not only requested the extension of the validity of the different variants of the credit card financing program, but also that “the current financing rates” be maintained.
With different variants applied over time, the Now 12 program began to rule in September 2014 under the Presidency of Cristina Fernández de Kirchner, during the administration of Axel Kicillof in the Ministry of Economy.
In September 2020, through resolution 353 of the Ministry of Internal Trade, 4G cell phones were excluded from the list of products and services included in the program, the reinstatement of which was requested by the Chamber of Commerce in its note to Kulfas.
Aliperti recalled that the inclusion of this class of cell phones had already been claimed “several times” by the CAC, and considered them “a fundamental connectivity tool” given the changes in uses and customs that the pandemic represented with remote work and classes to distance.
In August 2021, the Ministry of Internal Trade, at that time in charge of Paula Español, had extended the validity of the program until January 31, 2022, through resolution 753.
How it works Now 12
The program consists of a financing plan for the acquisition of nationally produced goods in 3, 6, 12, 18, 24 and 30 installments with a credit card without any amount limit.
Products and services can be purchased both online and in person at affiliated businesses throughout the country, which can be identified by the corresponding wafer, seven days a week, with all the credit cards with which the trade is attached.
Regarding the interest that adhered businesses can charge, Internal Commerce established a series of caps according to the amount of installments that ranges from 3.20% of the annual effective rate for three-payment plans to 40.18% for those of 30 dues.
The list of products was expanded and in the latest version it includes durable kitchen elements, appliances, home connection kit for water and sewers; televisions and monitors, small appliances, computers, notebooks and tablets, clothing, footwear and leather goods, toys, among others.