Apple Offers One Year Interest Free Payment Plan in China

Posted January 16, 2013 at 8:39pm by iClarified | Please help us and submit a translation by clicking here | 4194 views

Apple is offering monthly payment plans to customers in China via a China Merchants Bank card, reports the Financial Times.

Anything that costs more than Rmb300 ($48 USD) can be purchased on credit. Monthly plans of 3, 6, 12, 18, or 24 months are being offered via a China Merchants Bank card. The 3, 6, and 12 month plans are interest-free; however, the 18 month plan has a 6.5% interest rate and the 24 month plan has a 8.5% interest rate.

The service is similar to Apple's offering in the U.S. which partners with Barclays but has a higher minimum purchase and quicker repayment schedule.

It's thought that the move could help Apple penetrate further into the Chinese market where its products are difficult to afford for many.

Read More


Share
Add Comment
Follow iClarified
FireCore Announces aTV Flash (XBMC Edition), aTV Flash (Black) 2.5
FireCore has introduced aTV Flash (xmbc editi...
Apple Sold Its 1 Billionth iOS Device Last Quarter
Apple sold its 1 billion iOS device last quar...
Apple Remote Desktop Gets Updated With Yosemite Support, Full Screen Mode Fixes, More
Apple Announces Apple Watch Will Ship in April
Apple has announced that the Apple Watch will...
Apple Announces Record Quarterly Revenue of $74.6 Billion, 74.5 Million iPhones Sold