The Chinese manufacturer Xiaomi already launched many programs like Mi Crowdfunding and Mi VIP Club reward program. Now the company announced yet another program called Mi Credit, which is a loan service.
To launch the program, the company has joined its hands with KreditBee. Under this program, people can apply and get the loan instantly, and the best part is you can return the amount online, which means you don’t have to go with the needed papers in any office to pass and close the loan. The loan amount starts at ₹1,000 and the maximum amount can be browed is ₹1,00,000.
How to apply
The applying process is damn easy, all you need to submit documents such as PAN Card and Aadhaar Card for KYC verification, and, and link his/her bank account to KreditBee to receive the loan amount. Once you do that, the loan amount will pay out in 10 minutes to the bank account.
It is worth to mention, the Mi Credit is currently available for MIUI users, which means you need a Xiaomi device which runs on MIUI to be able to get the loan.
Having said that, the loan has the interest rate of 3% per month and the tenure of the loan is 15 to 90 days and you can repay the loan amount through the KreditBee app via the payment gateway.
