Price range of Iphone has always been a hurdle but not anymore because Apple is giving you “Buy now pay later option”, like amazon pay later or any other pay later option. Now you can purchase Iphone and pay for it afterwards , it is the major step which Apple has taken for their consumers to erase onetime payment or other kind of financial hurdle which can hold Apple customers for making an Iphone purchase.
Apple has always been a prominent leader in Smartphone segment. There are more than 1.5 billion active IPhone users around the world as of now. When we approach the festival in the later part of the year, the loyal Apple customers look forward to the new launches by the company as historically this time of the year Apple unveils the new product line up.
Now the user can split their payment in 4 monthly installments with no interest rate and fees. The customer can get the finance options on buying the apple products, ranging from $50 to $1,000. Additionally, apple has also started inviting selected customer to access the prelaunch version of Apple pay later. In a coming few months it will be accessible for all users. Apple pay later option is to provide flexible payment option to the consumers.
How to Setup:
– User can apply for new loan from their apple wallet
-User need to enter the loan amount
-Agree to terms and conditions
-During the above process your cibil will be checked.
-Approval/Rejection
If Approved
-Select Apple pay at checkout
-Select Apple pay later
-Now Apple pay later is setup and user can make a purchase
-User can also track and manage their loan at Apple pay later
Now, user can use Apple pay later or loan facility without having any impact on your cibil.
This in turn might bring in fresh competition in the consumer electronic market.
