Apple offers zero percent financing for iPhones in Canada

By: 600011 On: Jan 17, 2025, 2:46 PM

 

Apple's in-store financing rate in Canada has reportedly dropped to zero percent. The lowest rate in years has been 7.99 percent financing. But this low rate only applies to iPhones. Rates are different for Mac, Apple Watch, and iPad.

Apple's zero percent financing is expected to encourage more people to get their phones directly from the company. Getting phones directly from Apple will allow people to buy bring-your-own-device (BYOD) from carriers. This is the best way to save money on a phone in the long run.

When Apple first moved away from zero percent interest rates in 2023, the Mac rate was 4.99 percent.

Apple Devices and Interest Rates

.iPhone - 0% over 24 months
.iPad - 4.99% over 12 months
.Mac - 7.99% over 24 months
.Apple Watch - 4.99% over 12 months
.Apple Vision Pro - 7.99% over 24 months