Xiaomi to launch its personal loan platform ‘Mi Credit’ in India

Xiaomi’s ‘Mi Credit’ service offers loans up to 1 lakh and to users above the age of 18. The personal loan platform will be officially launched in India next week.

Xiaomi’s Mi Credit service launch. (Xiaomi)

How Mi Credit works

Xiaomi's Mi Credit service is currently available only to Mi users in India. There is no confirmation on whether Xiaomi will extend its loans service to other users as well. The company has partnered with financial loan providers for its credit service.