Xiaomi is introducing an efficient way towards personal finance for young professionals with Mi Credit. Xiaomi has started this venture in partnership with KreditBee, an instant personal loan platform. A list has been put up on the company’s website of all the financial loan providers on Mi Credit. Users just need to log into the platform to apply for quick loans.
Manu Jain, Vice President, Xiaomi and Managing Director, Xiaomi India said,
“The connectivity between our devices and the seamless integration between hardware and internet services enable us to provide our users with better user experience. Mi Credit is another big step in bringing an important internet service to India and we trust that our users would be able to truly benefit as the service becomes more sophisticated.”
Before this, Xiaomi had earlier launched Mi Music and Mi Video in May 2018 which fall in the category of value-added Internet service. MIUI users can take up loans from Rs. 1,000 up to Rs. 1,00,000 with the KreditBee service.