According to foreign media reports, Xiaomi officially launched personal loan service in the Indian market, this is Xiaomi's second financial product in India after MI pay payment service.
Mi credit is mainly for individual users in India, especially young people, with a minimum amount of INR 5000 and a maximum amount of INR 100000, about RMB 500-10000, and a low interest rate.
It is worth mentioning that if users want to use Mi credit,They need to be allowed to access personal SMS and call records to find transaction information and evaluate personal credit level, officials say the process will take only a few minutes.
Mi credit will be pre installed on all MIUI system millet mobile phones in India.
According to the data, millet mobile phones have been dominating the Indian market for nine consecutive quarters, with a total shipment volume of more than 100 million.