Ever since iPhone 7 made it to the market, it has been grabbing eyeballs in huge numbers but the high price has proven to be a major deterrent for buyers. The good news is that Apple has pitched in with its own financing options to maximize the sale of their latest smartphone.

The blue-chip company is expected to come up with financing options for its customers. It will be providing its customers easy purchase options so that they can bring home iPhone 7 and its other models Mobile & Apps reports. The credit facility is an attempt to increase the sales of the expensive phones but it will not be without caveats.

According to ValueWalk, before proving loan for the purchase, the technology pioneer will examine the credit rating of the potential customer. The credit facility will be given only after the rating is found to be ok. Those customers whose credit rating is in the high category will be given the option of buying iPhone 7 directly from Apple as it would be a financially feasible option.

What is more, few international carriers like Sprint, Verizon, T-Mobile, and AT&T Sprint are offering groovy deals for iPhone 7. One can exchange their old iPhone model like iPhone 6, 6 Plus, 6s or 6s Plus for the latest one i.e. iPhone 7. For instance, Verizon offers a credit facility of $300 for iPhone 4 or Android phones like LG G4 or V10, HTC One M8, Samsung Galaxy S6, S6 Edge, Note 5, Turbo trade-ins and Droid Maxx.

Some others are also providing easy deals wherein the customer can exchange other smartphones. A few carriers in the UK have come up with cash-back offers and other best deals that allow the customers to buy the 3 GB iPhone 7 at a reduced price. It helps to bring down the high price of £599 to £484, which translates to a reduction of £115. Vodafone is also offering a cashback of up to £115.50. Various monthly offers have also sprung up that claim to help the customers lay their hands on the latest Apple launch.