MI Credit is a business offered by Xiaomi, one of India’s top phone brands, that provides financial services to its clients. If you are an MIUI user or a Xiaomi client, you can apply for a loan using the MI Credit fast lending feature.
Mi Credit provides an immediate credit of up to one lakh rupees. It will take more than 30 minutes to obtain the loan.
Let’s get started with the Mi Credit Instant Loan Apply process.
Mi Credit Quick Recap
|Loan amount||Up To 1 Lakh|
|Processing fee||2% of Loan Amount|
|Age||18 – 60 years|
|Interest Rate||10% – 36% p.a.|
|Tenure||91 days – 24 months|
|Eligible For||Salaried Person|
Benefits of Mi Credit Instant Loan
- The application process for a loan from MI Credit is really straightforward and painless.
- Once you fulfill all of the eligibility requirements, the lender wires the loan funds to your bank account in real-time.
- The interest rate is appealing, beginning at 16 percent per annum.
- MI Credit is entirely secure, and the information you submit is kept private.
- The application process for a loan from MI credit is quick and straightforward.
- Online loan applications are available.
- You can get a loan to cover all your educational, travel, and other expenses.
- There is little documentation.
Also Read: Get Instant 50,000 Loan
Mi Credit Loan Charges
|Interest rate||10%-36% per annum|
|Processing Charges||2% of Loan Amount|
Eligibility Required for Mi Credit Loan
Fulfill the following criteria for Mi Credit instant loan:
- It would help if you were an Indian resident.
- No delay at the previous Loan amount.
- A good Credit score is required.
- Aadhaar Card required
- Pan Card
- Active Bank Account needed
How to apply for a MI credit loan
Tell us how you want to apply for a loan at MI Credit. Let’s obtain detailed instructions on how to apply for a loan.
- First and foremost, if you own a MI phone, please download the MI Credit app from MI Apps.
- Then run the app and provide it with all of your permissions.
- Click ‘Get Now,’ then enter your phone number. You will receive a ‘One Time Password’ (OTP) on your registered cellphone number this way. In this case, you must input the OTP and proceed.
- You must now upload all required papers in the next step.
- Upload a photo of yourself and then press the ‘proceed’ button. In such a case, a loan profile will be generated, and it will be determined whether you are eligible for a loan.
- If you fulfill all of the qualifying requirements, you will be able to submit all of your bank account and income information. In this situation, the lender will deposit the loan amount (loan amount) into your bank account.
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