How to apply for a loan on Xiaomi Mi Credit

 

Xiaomi today announced its digital money-lending service called Mi Credit. You can apply for a loan ranging from Rs 1,000 to up to 1 lakh via this service. You can apply for the loan on its app that is now available for download on the Google Play Store and Xiaomi’s Get Apps.

All users who fall in the 18 and above age category can apply for the loan. As per the company, the entire process of applying for the loan barely takes five minutes and it is all done online. You can later repay the amount in installments with interest.

You can apply for a loan ranging from Rs 1,000 to up to 1 lakh via Xiaomi’s Mi Credit.

#MiCredit launched in India today. @XiaomiIndia has partnered with finance companies like @ZestMoney @MyMoneyView and others for this. From how to use #MiCredit to it’s availability, here’s all you need to know about the service. @Nandiniwhy @MoneyWithMi pic.twitter.com/6KTZqFPoW0

— Tech2 (@tech2eets) December 3, 2019

If you want to apply for a loan now, here is a quick guidebook on how you can do it.

How to apply for a loan on Mi Credit

Step 1: Download and install the Mi Credit app from the

Step 2: Open the app and log in using your phone number

Step 3: Tap on “complete” beside the maximum loan amount

Step 4: Fill up all your details like PAN card number, date of birth and so on

Step 5: Tap on “Submit”

Mi Credit will then identify the best lender for you and then you are good to go. These lenders include Aditya Birla Capital Personal Finance, Money View, EarlySalary, CreditVidya, and ZestMoney.

 

news image
#smartphonephotography

Read More

Must Read

Donald Trump says India has supplied 2.9 crore hydroxychloroquine doses to US to combat COVID-19

Washington: A sizeable chunk of the 29 million doses of hydroxychloroquine bought by the US to combat the coronavirus pandemic is from India, President Donald Trump has said as he acknowledged that Prime Minister Narendra Modi was "great" when he sought his help to allow the sale of the anti-malaria drug to treat the growing…

Impact of the Data Protection Bill on fintech sector and aligning financial laws with it

Home » Digital Payments, Fintech, PDP Bill 2019 Views, Personal Data Protection Bill, Personal Data Protection Bill 2019, RBI, Reserve Bank of India, Views As the Joint Parliamentary Committee considers the Personal Data Protection Bill, 2019, MediaNama will publish a series of articles from legal experts focussing on the key aspects of the Bill and…

Surprise iPhone Leak Reveals Powerful New Interface

Hiding inside the latest iOS code are the hooks for an updated interface. It looks like Apple is set to succumb to pressure and port one of Android’s beloved features into the iPhone in time for the September launch of the iPhone 12 family.  A recent screenshot of iOS 14 in operation has been posted,…