iPhone 16 Pro Max Apple payment plan (Barclays) any experience of paying more some months?

[sb22]

I’ve been tempted by the 16 pro max, and I want to trade in and pay the rest monthly. That’s fine.

But I often like to get rid of bills sooner too, is there the ability to pay additional sums some months?

 

[Wando64]

I don’t know for sure, but this would be unusual for small personal loans such as this.
At best you might be able to extinguish the loan early by paying it off in full.

This should be clearly detailed in the T&Cs.

 

[sb22]

Maybe it’s more ideal just to put extra away until I’m ready to pay off then!

 

[Apple_Robert]

If you don’t know the terms and conditions of your payment plan, you need to look it up using your online account. There really is no need to ask strangers on the forum when you have the ability to view your account balance and terms, as well as call customer service.

 

[Wando64]

I can see that the T&C are not disclosed beforehand, but presumably they would be before the final acceptance click.

In any case, assuming you are in the UK, I can see that the loans are interest free (0%), therefore what would be your incentive for paying it off early?

 

[Farsider]

Some people just don't like debt I hanging over them I guess. Personally, I would put the money in a 5% Cash ISA and let it work for me and drip feed the money payments from that instead.

 

[Diorama]

If you don’t know the terms and conditions of your payment plan, you need to look it up using your online account. There really is no need to ask strangers on the forum when you have the ability to view your account balance and terms, as well as call customer service.

Read the OP again.

 

[sb22]

If you don’t know the terms and conditions of your payment plan, you need to look it up using your online account. There really is no need to ask strangers on the forum when you have the ability to view your account balance and terms, as well as call customer service.

I do not have a payment plan nor an online account for the non existent payment plan.

There’s really no need to embarrass yourself in front of strangers on a forum when you have the ability to read the opening post, and provide advice or support without being rude.

Thank you to everyone else who was helpful and not condescending 😂 It’s given me a bit of help and options to think about.

 

[sb22]

Some people just don't like debt I hanging over them I guess. Personally, I would put the money in a 5% Cash ISA and let it work for me and drip feed the money payments from that instead.

Yeah that’s me. I want to spread it out through Christmas and then repay more when I’m through with that. Thank you for the idea!

 

[Rich74]

I think you are asking about over payment which isn’t applicable to the Barclays finance. They set up a direct debit to take the exact amount each month for 24 months.

For example - device is £1399 - the direct debit will be £58.29 a month give or take a few pence on the final payment.

If you bank with Barclays the loan isn’t added to your account.

 

[sb22]

Thank you

After having a look at the device in store today I decided to go for it and I just found this as part of the terms when I was applying - so it seems I do have the option if I choose to!

 

[Rich74]

Learnt something myself there.