The consumption incentive program, which has Valid until 31 Maywill have as of this Tuesday a nominal annual rate of 50%, equivalent to an annual effective rate of 63.2% and a monthly rate of 4.17%. This is the fifth rate reduction since the program went live since February.
Simple Fee allows you to finance product purchases in 3 and 6 fixed monthly installments in both virtual stores and participating stores throughout the country. The direct rates of this program are calculated from the Monetary Policy Rate set by the Central Bank.
Meanwhile, the Ministry of Commerce that leads Pablo Lavigne is working on the details of what will be the relaunch of Cuota Simple starting in June.
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What the Simple Fee program covers
The Cuota Simple program is national in scope and is available every day of the week in participating physical and virtual stores where consumers can make their purchases in installments within a universe that covers 30 categories of nationally manufactured products. including white goods, clothing, footwear and leather goods; 4G cell phones, furniture, bicycles, motorcycles, educational services, mattresses and books.
It also covers glasses and contact lenses; stationery, toys and board games; technical services for electronics and home appliances; tires, CNG vehicle conversion kits, car and motorcycle spare parts, musical instruments and computers, notebooks and tablets.
Likewise, lighting items, televisions and monitors are included; perfumery, small household appliances, sports preparation services, medical equipment, machinery and tools; cultural shows and events; durable kitchen items; car and motorcycle repair services; and kits for home connection to public water and sewer services.
