Apple has terminated the Canadian market’s final choice for interest-free financing of iPhones, Macs, and extra.
Canada doesn’t have entry to Apple Card or different financing choices like iPhone Improve Program, however Apple clients did have a zero-interest finance choice for a time. PayBright provided a zero-interest finance choice in Canada as a subsidiary of Affirm, however that choice is now gone.
Per Apple’s web site, Affirm has taken over because the finance supplier for Canada, and rates of interest now apply. For Canadian clients buying an iPhone, the rates of interest have been set to 7.99 p.c over 24 months, whereas iPad and Mac are set at 4.99 p.c over 12 months.
In one other instance of economic inequality between the Canadian and U.S. markets, Canadian clients are nonetheless unable to safe an Apple Card. The Apple Card launched in 2019 and nonetheless isn’t accessible anyplace outdoors of the U.S.
Keep tuned for extra particulars as they turn out to be accessible.
By way of AppleInsider, Apple, and MacRumors
