Apple Canada Launches 0% Interest Payment Plans for iPhone, iPad, Mac

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As previously reported by Bloomberg’s Mark Gurman, Apple has launched its ‘buy now, pay later’ program in Canada, offering interest-free 12 or 24 month payments for select products. has been updated to show new product payment plans and prices for iPhone, iPad and Mac, available nationwide and in Quebec.

“Pay for your new iPhone over 24 months at 0% APR,” reads a new line on Apple’s product listing page for iPhone 12, for example. Apple then lists the price at $979 outright for the iPhone 12 mini, or “from $40.79” per month.

For the most expensive iPhone 12 Pro Max, you’re looking at $64.54 per month for $0 financing. Time to get your head ready for ‘iPhone 13’ this fall.

Apple’s financing program is being run by Affirm and its Paybright financing service, also seen available from other retailers across Canada.

“Get 0% APR with easy terms. Apply online and get a decision right away. Trade-in value applied as instant credit. Use your spending limit today and for future Apple orders,” explains the company’s financing page.

iPhone 0% APR financing terms are 24 months, while Mac and iPad are at 12 months.

Below, Apple gives the example of a $999 purchase over 24 months, showing $0 interest charges and processing fees.

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According to Apple’s fine print, the company says, “0% APR payment plans available on approved credit for iPhone purchases over $99, and iPad and Mac purchases over $199.”

The new financing offering from Apple debuts ahead of the company’s expected ‘iPhone 13’ launch this fall, with the new phones set to see chip and camera upgrades, once again.

Apple explained in an email to customers 0% APR is only available for a “limited time” and is available online and in-store.