Simple fee: it was confirmed when it will start, what fees and rates it will have and until when the plan will be in force

Simple quota will begin to take effect from February 1st and will be valid until May 31st. (Illustrative image Infobae)

The Government announced this Thursday the launch of Simple Feethe promotion program consumption which will come into effect from February 1 to May 31 and will replace the Now 12. The initiative offers the possibility of financing purchases in 3 and 6 fixed installments with bank credit card and with the lowest rate on the market.

According to the Ministry of Economy, with Cuota Simple, consumers will be able to make their purchases in installments within a universe that covers 30 categories of nationally manufactured products, which can be accessed with a Annual Nominal Rate (TNA) which represents 85% of the fixed term of the Central Bank of the Argentine Republic (110% TNA).

At this stage, the program will be valid until May 31, 2024. It will have national scope and will be available every day of the week in both physical and virtual stores that are participating. The measure arises as a result of the shared work between the Central Bank, banking institutions and the Ministry of Commerce, with the objective of promoting economic development, encouraging productive investment and the demand for goods and services through the granting of payment facilities. in fixed installments.

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