Xiaomi Mi Credit – Instant Personal Loans upto 1 Lakh
Xiaomi has announced Mi Credit. Mi Credit will list financial loan providers, and Xiaomi users can apply for quick loans through the platform. Mi Credit will be limited to MIUI users.
| Minimum Loan amount | Rs.1000 |
| Maximum loan amount | Rs.200000 |
| Loan Financer | KreditBee |
| KYC Process | Yes, Verified |
Under the current arrangement, Mi Credit only lists partner platforms, while these agents maintain user input and verified data on their own platforms.
Xiaomi’s Mi Credit will offer lending services through KreditBee that provides instant personal loans to young professionals.
Mi Credit features
Aditya Birla Capital Personal Finance, Money View, EarlySalary, CreditVidya and ZestMoney are the lending partners for Mi Credit. The company has stated that the application process for the loans is not more than 5 minutes. Xiaomi has also stated that the process is 100 per cent digital. Users would also get a free credit score on the app.
Buy your favourite Mi products and pay over a period of time, without the need of a credit card.
Buy now, pay later – Hassle-free EMI,pay over a period of time
No down payment – Zero processing fee, nominal interest rates apply
Flexible EMI – Easy repayment options, pay in 6/12 months
