New Delhi: iPhone maker Apple has launched a great plan. The American tech firm has launched Apple Pay Letter Service, under which loans will be given to people. Users running devices like iPhone and iPad can take advantage of this service. Users will get the facility to pay in four times through pay letter service. For this, they will get six weeks time. Know further how much loan the company will give and how to apply for it.

Users will be invited for Apple Pay Later service. These users will be the first to take advantage of the loan service of the iPhone maker. After this, in the coming few months, Apple Pay Later service will be released to all eligible users. Now see how much amount the company will give as loan.

How much loan will be available?

Apple has informed that users can apply for loans ranging from $ 50 (about Rs 4,100) to $ 1,000 (about Rs 82,000). This amount can be used to make payments to merchants for online and in-app purchases from iPhone and iPad. The special thing is that no interest will have to be paid on the loan received under Apple Pay Letter Service.

Read More :-SAMSUNG LAUNCHES NEW KIND OF EXTERNAL SSD CARD

This is how you will get loan

Apart from this, there is no fee to be paid for taking the loan. This service has been introduced to make payments made by Apple users easier. Users can apply for the loan with the wallet and it will not have any effect on the credit. Here you have to enter the loan amount and agree to the terms of the Apple Pay letter. There will be a mild credit checking so that the company knows that the financial position of the user is sound.

Tone will be easily tracked

After getting approval, users will see the Pay Later option after selecting Apple Pay. After this online shopping can be done easily with pay later service. Once Apple Pay Later is set up, users will be able to apply for the loan directly. Due to the wallet based service, the loan can be easily tracked. At present, this service has been launched in America.

Read More :- Latest Tech News