Micredit was launched by Xiaomi. It is a stock firmware that helps Xiaomi users to commence financial lending at any instant. This service was launched for the Indian market. The Mi Credit platform has a list of the loan providers and users can access the list by logging in and apply for instant loans. Xiaomi MIUI is basically a Chinese handset manufacturing company that is new in this field.
Xioami and KrazyBee Offer Loans in India with Mi Credit-
The service of an instant financial loan was announced in partnership with KreditBee. This credit service is a value-added service third in the row after Xiaomi launched Mi Music and Mi Video in the month of May 2018.
How to have MI Credits?
The instant loan can be availed by MIUI users only. The lending amount starts from 1000 INR and goes up to 1 lakh INR. The main aim of developing this platform was to enable quick loan facility to young professionals in a convenient way. The verification process is very fast and involves some KYC checking. It takes approximately 10 minutes for the initiation of the loan amount. The user who wants to take a personal loan must put forward his or her requirement by mentioning the amount of loan required. As of now only the partner platform are listed by the Mi Credit and the KYC verification and data are maintained by these partner agents on their platform separately. As per information on Mi credit official website, the interest rate for the loan amount will be three percent. The tenure of the loan amount can be anytime between 15 to 90 days.
Payment Gateway of KreditBee with MI Credit-
As of now, KreditBee is the partner of this service and therefore repayment needs to be completed via the payment gateway of KreditBee. A user has to download the KreditBee app to execute any payment or repayment work regarding the loan by Mi Credit. Some individuals are having the question how to check mi credits but no need to worry as the official site of XiaomiMi Credit launched in India has answers to all these mi credit services and other related factors.