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Interest

Depending on the sector, interest rate of installment sales reaches 8.94% per month

This article was translated by an automatic translation system, and was therefore not reviewed by people.


 


SAO PAULO - Interest rates on installment sales ranged from 2.88% per month to 8.94 months in April this year, depending on the sector. The main explanation for this variation between the rates is the competition in every sector.

According to a survey released by Anefac (National Association of Financial Executives) last Tuesday (12), the fourth month of the year the Brazilian paid less interest in the acquisition of vehicles (2.88% pm) and more articles in fitness ( 8.94% per month).

Variables
Financial institutions determine the interest based on five factors: cost of funds, reserve requirements, administrative costs, the bank's net margin (profit) and risk (default), which is the only item that may have some variation by sector.

Besides the default, the time and competition also dictate the difference in interest rates. The demand is another factor, since the interest rate is reduced when the demand for the product is low.

Rates per sector
The average used in the installment sales in April was 6.12% per month, lower than the rate of 6.18% per practiced in March. In general, all sectors showed a decline in interest rates last month. In the table below, you can identify the rates by sector in March and April:

Sector                             Interest /  March /                         Interest / April
Grids                               4.26%   a.m.                                   4.20% a.m.
Medium networks          6.20%   a.m.                                   6.14% a.m.
Small networks .             7.13%  a.m                                    7.07% a.m.
Business Tourism          4.20%   a.m.                                  4.14% a.m.
Household items            8.21%   a.m.                                  8.16% a.m.
Electronics                      5.73%   a.m.                                  5.67% a.m.
Imported                          7.02%   a.m.                                  6.96% a.m.
Vehicles                           2.92%  a.m.                                  2.88% a.m.
Articles gym                     9.00%  a.m.                                  8.94% a.m.
Computers                       5.53%  a.m.                                  5.46% a.m.
Phones                             5.20%  a.m.                                  5.14% a.m. 
Decorating                       8.72%  a.m.                                  8.67% a.m.
General Average             6.18%  a.m.                                  6.12% a.m. 

Source: Anefac


Source: InfoMoney

This article was translated by an automatic translation system, and was therefore not reviewed by people.

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