instalments
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Amazon UK begins offering loans for pricier purchases
In a bid to put an even bigger squeeze on its brick-and-mortar competition, Amazon is now offering its customers instalment plans to help them buy the more expensive items on its website. According to The Guardian, Brits can now select Amazon's Pay Monthly option at the checkout, letting them pay for orders totalling more than £400 over a series of instalments. These loans, which are only provided once a customer passes an online credit check, can be spread over two, three or four years depending on the order amount and are charged at a current interest rate of 16.9 percent.
Apple's online store now accepts PayPal, lets you spread the cost
Apple already provides a variety of ways to pay for Macs and iPhones, but there's certainly nothing wrong with adding another alternative. Perhaps that's why the company has decided to add PayPal to its online store in the US and the UK. While you'll now be able to charge the cost of a new iPad to one of your connected PayPal accounts, Apple is also promoting interest-free instalments via PayPal Direct. For orders over $250/£99, the company will let you split payments into equal monthly payments, letting you get your gear now and gradually pay it off by next Christmas.
