Until now, we all know about Xiaomi as a technology devices manufacturers with products like smartphones, TV or even household appliances. According to the latest report, the Chinese brand is now taking on a new challenge with their first every personal loan platform – Mi Credit! Read on for more details!

Mi Credit: Xiaomi Brand New Personal Loan Platform For MIUI Users!

Today, Xiaomi has announced a brand new service for their India market users. Notably, they introduce the Mi Credit, a new service that acts as a platform for users to initiate financial lendings. For now, the Chinese company has listed financial loan providers on Mi Credit. As a result, all users can log onto the platform to apply for quick loans. On the other hand, Xiaomi shared that Mi Credit is now available in partnership with KreditBee.

However, the Mi Credit is accessible for MIUI users. Unfortunately, the Xiaomi Mi A1 owners might miss out on the chance to take a look at this new program. So how does the Mi Credit work? According to KreditBee, they provide loans from Rs 1000 up to Rs 1,00,000. Moreover, the loan can be initiated within 10 minutes with a simple KYC verification. Besides, every verification and user information input is completed on partner platforms, with Mi Credit currently only listing all agents.

Previously, the Chinese brand has also introduced their Mi Music and Mi Video programs. In details, Mi Music similar to other music streaming services like Gaana, Amazon Prime Music and more. The application has an interesting Dynamic Lyrics feature; in which they can highlight the lyrics of the song that’s currently playing. Lastly, with the Mi Video, all users can connect to streaming services like SonyLIV, Hungama Play, Voot, AltBalaji, Zee5, Viu, TVF and more.

What will Xiaomi release next?

With the announcement of the Xiaomi Redmi S2 handset launching, it seems like Xiaomi has many plans in store for India fans! Which device or applicant would you like to see Xiaomi release? Drop a comment to let us know!