Buying a new MacBook is expensive and you may not be able to afford one with savings alone. That’s why there are many reputable stores offering MacBook financing in Canada. You can also access traditional financing such as low interest credit cards and personal loans to get the MacBook you want.
Learn more about your options so you can pick the best fit for your personal situation.
Option 1: Get MacBook financing in Canada through Apple
How Apple financing works. Shop online at Apple and select the “Pay monthly” option when prompted to check out, or click “Apply now” on the financing section of the Apple site to pre-qualify. Funding is provided through Affirm and you’ll get 7.99% APR for 24 months to fund your new MacBook.
How to qualify. You’ll need to be 18 years old or older, a Canadian citizen or resident, have a credit card in your name and meet minimum credit score requirements.
Benefits
Competitive interest rate with no hidden fees.
There are no upfront payments or down deposits required.
The cost of your monthly payments will be broken down when you select “Pay monthly” at checkout.
What to watch out for
0% financing not available
You might not get approved if you have bad credit.
You’ll pay high interest rates if you don’t pay off your loan on time.
Option 2: Finance a MacBook using a personal loan
Compare personal loans for MacBook financing in Canada.
Features of personal loans for MacBook financing
How it works. You can get a personal loan from a bank, credit union, online lender or peer-to-peer lending site. Compare and apply for pre-approval with multiple lenders and pick the lender with the best offer. If approved, your money should be available within a few hours to two business days.
How to qualify. You’ll need to be over the age of majority in your province, a Canadian citizen or resident and able to meet minimum income and credit score requirements. You may also need to be employed full-time to qualify with some lenders.
Benefits
Many lenders to choose from.
Compare quotes independently or use a broker to find the best deal.
Enlist a cosigner to increase your chances of approval.
What to watch out for
You’ll pay higher interest than with financing from a third-party store, especially if you have bad credit.
Lenders may have strict eligibility requirements such as minimum income criteria.
Option 3: Get MacBook financing in Canada through a third-party store
Apply for MacBook financing with the following third-party stores and get 0% interest for several months. Financing programs vary from store to store.
We describe them below for popular stores that sell Apple products.
Simply Computing offers one MacBook financing option: EasyPlan.
MacBook financing by EasyPlan
How it works. Simply Computing’s EasyPlan financing lets you make up to 48 equal payments with interest rates between 0% and 17.99%.
How to qualify. Fill out an application for financing and provide documents such as your ID, SIN and a credit card.
Benefits. Prepay your loan at any time. You may also be eligible for 12 months of 0% financing – conditions apply.
What to watch out for. It can take up to 24 hours to get approved and you’ll pay interest rates up to 17.99%.
How it works. Fill out an application with Best Buy’s financing partner, Fairstone. Once approved, select the MacBook you want from Best Buy’s inventory and choose Best Buy financing at checkout. Then, select a term of 3, 6, 12 or 18 months. You won’t pay interest on your purchase if you pay it off in the required timeframe but a set-up fee of between $29.99 and $99.99 may apply depending on the length of your term.
How to qualify. Choose to validate your information through automatic bank verification or bring two pieces of identification into the store to get final approval. You’ll need to be over the age of majority in your province, a Canadian citizen or resident, gainfully employed and able to meet minimum income and credit score requirements.
Benefits. You can pay 0% interest for up to 18 months and there are many terms to choose from.
What to watch out for. You’ll pay a high interest rate if you don’t pay your term back in full on time (including retroactive interest). There’s also an admin fee between $29.99 and $99.99 on terms of 6 months or more.
How it works. Apply for the Staples financing card to get financed through Flexiti. For purchases over $299 (which any MacBook would be), get 0% interest financing over 12 months. Pay off your purchase in 12 equal monthly installments.
How to qualify. You’ll need to be over the age of majority in your province, a Canadian citizen or resident and able to meet minimum income and credit score requirements.
Benefits. You can pay 0% interest for up to 12 months and choose the term that suits your needs and desired monthly payment amount.
What to watch out for. The after-promo rates are from 31.99% to 37.99% and you may have to pay retroactively if you miss payments or fail to pay off your loan on time. An administration fee of $29.99 applies for 6-month plans and $59.99 applies for 12-month plans.
How it works. Get MacBook financing with a Jump+ Flex Plan, which is financed by PayPlan by RBC. Get an APR of either 0% or 9.99% and terms ranging from 12 to 60 months.
How to qualify. You’ll need to be over the age of majority in your province, a Canadian citizen or resident and able to meet minimum income and credit score requirements.
Benefits. You may qualify for 0% interest if you have good to excellent credit. There are no hidden fees or down payments. You’ll have a chance to upgrade your MacBook after 36 months.
What to watch out for. You could pay up to 9.99% in interest. You’ll need to consent to a soft credit check to get approved.
2. Affirm
How it works. Spread the cost of your MacBook over 6, 12, 18 or 24 monthly payments. 0 to 30% APR applies depending on factors like your credit score and income.
How to qualify. You’ll need to be over the age of majority in your province, a Canadian citizen or resident and able to meet minimum income and credit score requirements.
Benefits. You may qualify for 0% interest if you have good to excellent credit. A down payment may be required.
What to watch out for. You could pay up to 30% in interest.
3. Flexiti
How it works. Finance your MacBook with 6, 12, 18, or 24 equal monthly payments. Interest rates start at 0%.
How to qualify. You’ll need to be over the age of majority in your province, a Canadian citizen or resident and able to meet minimum income and credit score requirements.
Benefits. You may qualify for 0% interest if you have good to excellent credit.
What to watch out for. Higher interest rates apply if you don’t have strong credit. Admin fees apply. Only available in-store.
Option 4: Finance a MacBook using a low interest credit card
How it works. You can apply for a low interest credit card to pay for your MacBook. These cards usually come with interest rates between 8.99% and 12.99% and with annual fees between $25 and $35. Use your card to buy your MacBook and any accessories/coverage plans you need and then pay it back on your own schedule.
How to qualify. Requirements will vary depending on the card you get. You’ll need to be at least 18 and a Canadian citizen or resident to qualify. Luckily, many low interest cards come with less strict eligibility requirements than regular credit cards, so you may be able to get one with a low income or less-than-stellar credit score.
Benefits
They may come with lower interest rates than you would get with a personal loan.
Annual fees for low interest cards are low.
Earn rewards.
What to watch out for
You could qualify for a lower credit limit than you need.
You may not be able to qualify with bad credit.
It takes time to apply for a credit card and receive it in the mail (if you don’t already have one).
Option 5: Finance a MacBook through a rent-to-own program
How it works. Apply with a rent-to-own company like easyhome to get MacBook financing. Rent-to-own programs let you pay a monthly fee to “rent” a new MacBook until you’ve made enough payments to pay it off in full. The only catch is that the product you buy will be split across dozens or even hundreds of payments, so you’ll end up paying much more than the upfront purchase price in the long run.
How to qualify. Create an account and input your name and personal information. For easyhome, there’s no credit check to apply and the website indicates that everyone is approved. You may need to meet other criteria with different lenders.
Benefits
It may help to build credit if your lender reports all of your on-time payments to the credit bureaus.
It has lenient eligibility criteria and requires no credit check.
What to watch out for
It’s extremely expensive in the long run.
Payments are often weekly so your monthly costs could add up quickly.
Can I get MacBook financing in Canada with bad credit?
Yes, you can get MacBook financing for bad credit in Canada, but you’ll likely need to pay much higher rates and fees to qualify. You may also need to work a bit harder to find a lender willing to finance you, depending on how low your score is.
You can start by applying for store financing, but if you struggle to get approved, you may want to explore personal loans. To lower your interest rates, consider securing your loan with an asset or enlisting a cosigner to get a better deal.
The majority of lenders will check your credit report and score even if they offer MacBook financing for bad credit. No credit check lenders do exist, but they’ll charge extremely high rates and fees and should be avoided wherever possible.
Rent-to-own programs also do not require credit checks but have very high fees.
How much do MacBooks cost?
The costs below are pulled from the Apple website. You may pay higher costs for your MacBook if you get upgrades to the basic model. You could also find sale prices if you shop around and check various suppliers.
Type of MacBook
Starting price
MacBook Air (13″)
$1,499
MacBook Air (15″)
$1,749
MacBook Pro (14″)
$2,099
MacBook Pro (16″)
$3,299
Representative example: Max finances a MacBook Pro
Max needs a new laptop, and he loves the features and specs of the MacBook Pro. But with plenty of regular expenses to cover, he doesn’t want to dip into his savings to pay the $2,099 purchase price upfront. He knows he’ll be able to afford monthly payments on his MacBook Pro, so he compares financing options from four lenders to find the most affordable deal.
Check out the results of his comparison in the table below.
Lender A
Lender B
Lender C
Lender D
Amount borrowed
$2,099
$2,099
$2,099
$2,099
Interest rate
7.99%
0%
9.99%
0%
Loan term
24 months
12 months
24 months
24 months
Admin fee
$0
$69.99
$0
$0
Total interest
$179.14
$0
$225.36
$0
Total cost
$2,278.14
$2,168.99
$2,324.36
$2,099
Monthly payment
$94.92
$180.75
$96.85
$87.46
Max decides to finance his MacBook with Lender D. Not only does this lender offer the lowest overall cost, it also has the most affordable monthly payment.
Frequently asked questions
There are several ways to finance a MacBook in Canada. For example, you can get financing if you buy the MacBook from the Apple store or a third-party store, or you can get financing directly from a lender and buy the MacBook wherever you want.
Yes, you can. Many of the stores highlighted in this article let you finance a MacBook over several months. If you have good to excellent credit, you may be able to qualify for 0% MacBook financing, though you may need to pay admin fees with some lenders.
There's no hard and fast rule for what credit score you need to qualify for MacBook financing, but lenders will also consider your income when deciding whether to offer you a loan. If you don't qualify, you can look at bad credit loans, but be prepared to pay very high rates. If it's not absolutely necessary, it may be better to wait and save up to buy a MacBook later.
It can be a good idea to finance a MacBook if you use store financing with a 0% interest rate. Just make sure you pay your loan off by the due date and avoid missing any payments or you could end up paying retroactive interest rates for the whole duration of your loan (which can add up to hundreds of dollars). This applies even if you're a day late on your last payment or have only a couple dollars left owing on your balance by the time your term ends.
Claire Horwood is a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, and an Associate’s Degree in Science from Camosun College. Much of Claire’s coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. In her spare time, Claire enjoys rock climbing, travelling and drinking inordinate amounts of coffee.
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