Affirm has killed off Canada’s final possibility for interest-free financing by way of Apple applications.
Based on an Apple webpage, Affirm has taken over because the finance supplier and rates of interest apply. When buying an iPhone, rates of interest are set to 7.99% over 24 months, whereas iPad and Mac are set at 4.99% over 12 months.
Apple offered an instance for the way curiosity would have an effect on the ultimate value when shopping for an iPhone. If an iPhone prices $1,099, the shopper would pay $93.79 over a 24-month interval if minimal funds of $49.70 have been made.