Apple no longer offering interest-free financing for iPhone, Mac and iPad in Canada
Apple has axed its interest-free financing payment option for customers in Canada, introducing interest rates to financed iPhone, Mac and iPad purchases made in the country.
Previously, Apple offered customers the option to finance a new iPad or Mac for up to 12 months interest-free, with iPhone purchases offering an enticing 24 months interest-free. However, beginning today, those same purchases incur a 4.99% and 7.99% interest feee, respectively.
Apple says a $1,099 purchase for an iPhone spread over 24 months would result in a total interest charge of $93.79, taking the total cost of the purchase to $1,192.79.