Now 12 Program lowers the rate to 20% TNA to finance credit card purchases
until year end.
Some of the items include clothing, furniture, books, toys, televisions,
appliances, bicycles, motorcycles, glasses, mattresses, tourism, cell
phones, among others.
Friday 31 May 2019
The Ministry of Domestic Trade of the Ministry of Production and Labor
announced the drop in the interest rate to 20% TNA for now 3 now 6, now 12
and now 18, to encourage consumption and domestic production of goods and
services. according to the order signed today, the new annual nominal rate
for Now 3, now 6, now 12 and now 18 for all cards issued by banks will be
20%, representing a decrease of 25 percentage points to previous program
rate (45%) effective on 1 June to 31 December. "Now 12 is a tool for
industry, commerce and consumers. This low rate to 20% know that will have
a positive impact on the growth of the domestic market, "said Ignacio
Werner, Commerce Sec