While American Apple fans will have to shell out $199 upfront for the iPhone 5s or at least $79 for the cheaper 5c—both with a two year contract—TechinAsia reports that China Unicom is offering the new smartphones for no money down. The catch? Customers who opt not to pay for their devices upfront will be locked into a costly contract that lasts up to three years.

Chinese customers can pick up the iPhone 5s for free from China Unicom and expect to pay the equivalent of $63 per month for 30 months. The iPhone 5c's contract, meanwhile, costs $48 per month for 36 months. Interestingly, TechinAsia argues that U.S. customers still end up paying more over the course of the first two years, based on a comparison to AT&T's pricing.

The iPhone 5s costs $199 with a two-year contract in the U.S., while an unlocked version of the device costs $650. The iPhone 5c is slightly cheaper at $99 on-contract or $550 unlocked, though some retailers including Target and Walmart are offering the device on-contract for just $79.