Loan is required by most people from us. But due to lack of right platform, people do not know the loan in the right time, so that they are harmed. Do you know What is mi creditHow can you easily take a loan from Mi Credit? If you do not know about this new service of Mi, then this article of today is going to provide you a lot of help.
Mi Credit is providing people in a very easy way to provide people in comparison to companies or banks providing the remaining loan. At the same time, due to very little information, people on the internet, especially MIUI users, this best Loan service There is no information about
So I thought why don't you guys What is Mi Credit App And How to apply it Full information should be provided about Then let's start without delay.
What is Mi Credit – What is Mi Credit in Hindi
Mi credit There is a loan service that has been launched by Xiaomi – which is also India's largest phone brand, which is currently offering Loan Services to her customers due to Mi Credit.
If you are a MIUI user or a customer of Xiaomi, then you also have an option Mehjud, using which you can provide Loan to LOAN FACILTY using Mi Credit. This is the second Financial Product that has been made available in India by Xiaomi, earlier Mi Pay was launched by Xiaomi.
At the same time, till now the company had run the Mi Credit Platform on only one Pilot Basis. Last year, he announced that he will offer Loans up to 1 lakh Till that too by partnership with kreditbee.
The current lending partners of Mi Credit include primarily NBFCs or Fintechs such as Aditya Birla Finance Ltd, Money View, Earlysalary, Zestmoney and Creditvidya.
What is Mi Pay?
Mi pay a UPI-Based Payment App Which is available on MIUI (Xiaomi's operating system) phones. And it can also be easily downloaded from Getapps and Google Play Store. Chinese Major Xiaomi recently its new lending platform Mi credit Launch has been done in India, from where users can easily take up to 1 Lakh. At the same time, he has also thought to launch many other financial products.
Mi credit starts
Xiaomi recently had announce that she is going to launch 'Mi credit'That too in India. As the name suggests, Mi Credit is actually the personal loan platform of Xiaomi only for Mi users.
Actually, Mi Credit was already started in India. So you can also easily download Mi Credit App to Android Users from Google Play Store. Company launched Soft Mi Credit on Last May only in India. At the same time, he has also done partnership for this with Bengaluru-Based Startup Krazybee.
Xiaomi when Announcement of Mi Credit. Since then, Mi Credit is only providing a loan to Xiaomi users. In recent times it is only limited to MIUI users.
| Minimum loan Amount | Rs.1000 |
| Maximum loan Amount | Rs.100000 |
| Loan financer | Kreditbee |
| KYC process | Yes, verified |
How does Mi Credit App work?
Mi Credit offers Personal Loans up to 1 Lakh to all its users whose age is over 18 years. Xiaomi has offered a repayment period closer 91 days to 3 years In which he has decided Interest Rates 1.35% per month From.
For example, if your loan is Amount is Rs 20,000, then you will be interested in 16.2% per annum and the loan will also have to repay or repay the loan through about 6 EMIS, so Overall Interest will be paid around Rs 937 and it will have about Rs 3423, such will be around Rs 937 and it will have about Rs 3423. App is explained in description on Google Play.
Users can easily register their Mi Account or Phone Number and can upload KYC documents like ID and Address Proof. Users will also have to add their bank details to transfer funds.
Xiaomi has also provided this facility in which users can easily check their credit report on their own Mi Credit App.
Xiaomi's Mi Credit Service is only available in India only for Mi Users. At the same time, there is no confirmation about whether Xiaomi is going to provide their Loans Service for other users or not. In such a situation, the company has also partnered with a lot of financial loan providerrs for their Credit Service.
What are the benefits of taking a loan from Mi Credit?
Let us now know which benefits are going to be received by a user by taking a loan from Mi Credit.
1. The entire process of applying to Loan in Mi Credit is quite easy and has a hassle-free.
2. If you live up to all their eligibility criteria, then in such a situation, you will get the Loan Amount in real-time on your bank account which has been seen much less than others.
3. Enough in it Attractive rate of interest You will get which will be 1.8% from the beginning of Per Month.
4. Mi Credit is a lot more secure, and whatever information you provide in it is kept safe or safe.
How to apply Mi Credit Loan?
Let us now know how you can apply for loan on Mi Credit. Let's get complete information about applying for the loan.
1. First download Mi Credit App through Mi Apps in your mobile phone, if you are a Mi phone user. This facility is not available in the time for Android Users, but Xiaomi is going to launch it soon on Google Playstore.
2. Then launch the app and make it grant all the permissions.
3. Click on 'Get Now' and provide your mobile number. Now in such a situation, you will get a 'one-time password' (OTP) on your registered mobile number. In such a situation, you have to enter OTP and also process further.
4. Now in Next Step you have to upload all the necessary documents.
5. Upload a picture and click on 'Proceed'. In such a situation, a loan profile will be created and you will also be checked whether you are eligible to take the loan or not.
6. If all of you Eligibility Criteria Meet to, then you will be allowed to upload all your bank account details and salary details. In such a situation, the lender will provide you a loan amount on your bank account.
Current Status of Mi Credit Services
In the recent times, Mi Credit Services is spread over more than 10 states around 1,500 PIN codes, and its planning is also to expand it and reach their availability to 100 per cent PIN codes in the coming time.
Now the Mi Credit App in all MIUI Phones started coming pre-loaded already and if you do not have then you can also download it. Google Play Store, Getapps, Xiaomi That is also from his own App Store.
How much is that Maximum Loan Amount, which a user can avail with Mi Credit IOAN's use,
In this, you can avail the loan amount up to maximum Rs.1 lakh from Mi Credit Loan.
How much rate of interest we have to give if a user takes a loan from Mi Credit,
In such a situation, the rate of interest which will be applied to your loan amount will be around 1.3% to 2.5% per month. Rate of Interest depends on this matter how much loan Amount you have taken and how much is his repayment tenure.
What is the time limit for Mi Credit's Maximum Repayment Tenure?
Mi Credit's Maximum Repayment Tenure has a time limit of about 3 years.
What documents do you have to provide to get a loan from Mi Credit?
This is the list of documents that you have to provide to get a loan from Mi Credit:
PAN card, proof of address, source of icome information, details your bank account
Which date do you have to submit your EMI every month?
You should give your EMI up to 5th Day every month.
Do I have to submit any security or collectorate from Mi Credit to take any type of loan?
No, you do not have to submit any kind of security or collectorate of any kind from Mi Credit to avail any type of loan. You only have to pay for a small processing fee.
A GST rate will be an application of about 18% on the banking services and products that too from 01 July, 2017.
What did you learn today
I hope you have this article of mine What is Mi Credit (What is Mi Credit in Hindi) Must have liked. It is always my endeavor that the readers should be provided with complete information about the Mi Credit Loan Apply so that they do not need to find in the context of that article in any other sites or internet.
This will also save their time and they will also get all the information in one place. If you have any doubts about this article in your mind or you want something to improve, then you can write low comments for this.
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