Macs offer great value, but they aren’t necessarily cheap. After all, Apple’s most affordable laptop, the MacBook Air, currently starts at $999. If you need a capable computer that you can take anywhere, but you don’t have enough cash on hand to buy a MacBook Air or MacBook Pro outright, you have options.

In order to be approved for Apple Pay Later, the company’s own buy now, pay later service, individuals will need to be loyal Apple customers. The service has strict hoops you need to jump through: Apple will check your spending at Apple Stores, purchases and subscriptions on the App Store, Apple Cash payments, Apple Pay history and more.

Even if you work for Apple, you may only be approved for a $1,000 loan. The feature continues to undergo internal testing after being delayed since September, according to Bloomberg.

Apple continues working on its long-rumored iPhone hardware subscription service despite hitting several roadblocks. The service was first rumored to launch in late 2022.

With a subscription service, Apple will allow customers to get the latest iPhone by paying a monthly fee. This would save them from shelling out the total device cost upfront.

Apple Pay Later reportedly has entered beta testing among Apple’s retail store employees, signaling that the “buy now, pay later” service is nearing public release.

The move comes months after Apple announced the financing option at its Worldwide Developers Conference last June.

When Apple said in July at WWDC22 it would launch Apple Pay Later with iOS 16, it effectively said it would enter the short-term loan business, known for “buy now, pay later” plans.

So it’s no big surprise that the Cupertino tech giant — accustomed to regulatory scrutiny in the U.S. and abroad — is now facing it from financial industry regulators.

But what’s somewhat surprising is that regulators are making noise about a host of concerns even before Apple Pay Later comes out.