With Apple having the largest mobile phone market share in Canada at 64.85% as of September 2026, it looks like many Canadians are finding a way around Apple’s steep price tag to get that user-friendly iOS. If you don’t have the cash to buy an iPhone, there are many options for iPhone financing in Canada, whether you have good or bad credit.
From Apple Canada financing to personal loans and credit cards, we’ve outlined various types of iPhone financing here, plus tips to help you save when you buy your next iPhone.
As one of the bestselling items in the world, lenders aren’t newcomers to customers asking for a loan to finance the latest model Apple iPhones. See your iPhone financing options in Canada below.
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Apple Canada financing is a great place to start when you want to buy an iPhone in Canada. It offers iPhone financing options on its latest models, older models and even certified refurbished iPhones.
Apple Canada offers $0 down phone financing through Affirm when you shop directly on its website.
When you buy an iPhone online using Apple financing in Canada, you’ll get an instant approval decision. Approved financing comes with 0% interest on all iPhones and no additional financing fees.
Your iPhone payment plan will then be set up so you can pay off your iPhone in 24 equal monthly payments.
You can trade in your old iPhone and have the trade-in value instantly applied as a discount to the total cost of your new one. Right now, you can get anywhere from $70 to $1,415 in credit towards a new iPhone when you trade in an iPhone X or higher.
Pros of buying an iPhone with Apple financing in Canada
Cons of buying an iPhone with Apple financing in Canada
You can get a personal loan from a bank, credit union or online lender to buy an iPhone in Canada on a payment plan. A personal loan allows for longer terms and is available to borrowers with good and bad credit. Personal loans for iPhone financing can come with interest rates ranging anywhere from 6.99% to 35%, depending on factors like your credit score and income.
Pros
What to watch out for
To make comparing even easier, we came up with the Finder Score. Interest rates, fees and features across 40+ personal loans are all weighted and scaled to produce a score out of 10. The higher the score the better the loan—simple.
If your current phone plan is up and you don’t mind changing service providers, you might be able to qualify for a sign-up deal when you buy an iPhone. Wireless telecoms, such as Bell and Rogers, offer iPhone payment plans with 0% APR after signing a two-year contract. You may also have the option of paying the remaining balance on the device mid-contract if you want to upgrade your phone earlier.
Pros
What to watch out for
To help you compare your iPhone financing options, we’ve summarized financing plans offered by some of Canada’s most popular carriers. Often, these financing offers can vary based on the iPhone model and are usually only available when you sign up for a monthly or yearly usage plan with the carrier.
| Carrier | Down payment | Interest rate | Term length |
|---|---|---|---|
Bell
| $0 down | 0% | 24 months |
Rogers
| $0 down | 0% | 24 months |
Telus
| $0 down
| 0% | 24 months |
Koodo
| $0 down
| 0% | 24 months |
Fido
| $0 down
| 0% | 24 months |
Virgin
| $0 down
| 0% | 24 months |
You can use your current credit card to finance an iPhone, but since credit cards tend to have higher interest rates of around 20%, it could end up being more expensive than a personal loan. Alternatively, you could apply for a low interest credit card, which typically comes with interest rates ranging between 9% and 15%.
Pros
What to watch out for
Retailers like Best Buy and Staples often offer iPhone financing when you buy through them. Some offer financing programs or store credit cards with a 0% promotional period. Others offer iPhone payment plans through third-party lenders like Affirm (formerly PayBright). Retailers may also offer gift cards to those who purchase iPhones at their stores as an incentive to pay with them.
Pros
What to watch out for
When comparing in-store financing offers, be sure to check how long the promotional interest rate will last and ask about conditions and fees before you sign up.
| Store | Apple financing program | Program details | Additional fees | Interest after promotion |
|---|---|---|---|---|
 | Best Buy Card through Fairstone |
| $29.99 – $99.99 administrative fee | 31.99% |
| Walmart Rewards Mastercard Installment Plan |
| None | Interest rate of 21.99% applies unless you pay your full statement balance by the due date |
| Staples Personal Account through Flexiti Financial |
|
| 31.99%–34.99% APR outside Quebec |
The details in the table above were last verified in October 2026.
iPhones can cost between $1,149–$4,799, depending on the model and storage space. You may be able to buy older iPhone models from Apple or other authorized resellers. However, the cost can vary, and you might not be eligible for all Apple financing options in Canada.
Here’s a look at the iPhone models Apple still offers on their website and their prices if bought new without a trade-in. The other iPhone 18 models aren’t expected to launch until Spring 2027.
| iPhone model | 128 GB | 256 GB | 512 GB | 1 TB | 2 TB |
|---|---|---|---|---|---|
| iPhone 18 Pro | N/A | $1,749 | $2,049 | $2,649 | $3,549 |
| iPhone 18 Pro Max | N/A | $1,899 | $2,199 | $2,799 | $3,699 |
| iPhone Duo | N/A | $2,999 | $3,299 | $3,899 | $4,799 |
| iPhone 17e | N/A | $999 | $1,299 | N/A | N/A |
| iPhone 17 | N/A | $1,299 | $1,599 | N/A | N/A |
| iPhone Air | N/A | $1,599 | $1,899 | $2,499 | N/A |
| iPhone 16 | $1,149 | N/A | N/A | N/A | N/A |
The details in the table above were last verified in October 2026.
Emily loves having the latest tech, so she’s keen to get a 512GB iPhone 18 Pro Max as soon as possible. She doesn’t have enough cash to cover the $2,199 purchase price upfront, so she decides to compare her financing options to find the most affordable one. Here are the results of her comparison.
| Lender A | Lender B | Lender C | Lender D | |
|---|---|---|---|---|
| Amount borrowed | $2,199 | $2,199 | $2,199 | $2,199 |
| Interest rate | 7.99% | 0% | 11.99% | 10.95% |
| Loan term | 24 months | 18 months | 36 months | 12 months |
| Admin fee | $0 | $99.99 | $0 | $0 |
| Total interest | $187.67 | $0 | $430 | $132.60 |
| Total cost | $2,386.67 | $2,298.99 | $2,629.00 | $2,331.60 |
| Monthly payment | $99.44 | $122.17 | $73.03 | $194.30 |
Emily decides to apply for financing with Lender B. While this means a higher monthly payment than if she were to go with Lender A or C, Emily likes the fact that the total cost of financing is the cheapest with Lender B.
If you’re hoping to snag an iPhone deal or discount when you’re ready to buy an iPhone in Canada, it won’t be easy. Apple Canada rarely puts new iPhones on sale. The biggest deals Apple offers are usually available during its Black Friday sale, when you might get an Apple Canada gift card when buying an iPhone or other Apple product.
One strategy you can use to score a discount when buying an iPhone during Apple Canada’s Black Friday sale is to buy a different Apple product at the regular price and use the gift card you receive for that purchase towards buying an iPhone — possibly saving over $200 off the amount of Apple financing you’ll need.
You can also score an iPhone deal by either trading in your old iPhone or opting for a certified refurbished one. You might still be able to get years of use out of a certified refurbished iPhone for a fraction of the cost from Apple or other authorized retailers. Refurbished phones may not have the same iPhone financing options as a new phone.
When buying directly from Apple, you can trade in your old phone for a discounted upgrade. This service isn’t exclusive to iPhones — iPads, Macs, Apple Watches and other devices are all eligible for the trade-in program. Let’s look at an example of how trading in your old phone can help you save on iPhone financing through Apple Canada.
The estimated trade-in value as of October 2026 for an iPhone 17 Pro Max was up to $1,415. So, if you want to upgrade to an iPhone 18 Pro Max (256 GB), you may only have to pay $484 instead of $1,899.
Then let’s say you use Apple financing in Canada. Excluding taxes for simplicity’s sake, your monthly payments before the trade-in would be $79.12 over the 24-month term, or $20.16 with the trade-in — that’s a savings of $58.96 every month!
If you buy an iPhone in Canada directly from Apple, the trade-in value of your old iPhone will instantly apply online as a discount on the total cost of your new phone. Keep in mind that if your old device is broken or beaten up, you may not be eligible for a discount, but Apple will still take your old iPhone and recycle it.
From buying an older model to not overdoing it with storage, here are a few pointers to get discounted iPhone financing in Canada:
iPhone financing in Canada comes in many forms, from carrier financing to credit cards. Some iPhones come with 0% interest financing options, but this is often subject to approved credit. As you’re thinking about which iPhone payment plan option is right for you, check out our guide on cell phone financing to compare lenders and learn about how it works.
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