Mi Credit Loan App – Your Instant Financial Solution

MI Credit Loan App is provided by Xiaomi which is the largest mobile phone brand not only in India but worldwide. Xiaomi offers a Credit loan facility to its customers who use its product and provides the instant credit loan facility through MI Credit Loan App.

As per the current arrangement, partner agents keep records of user input and verified data on their platforms, MI Credit offers the services through KreditBee which provides the instant loan to its user.

About MI Credit Loan App

Mi Credit is limited to MI users. MI Credit App is a significant mobile app in providing convenient instant loan services. Mi Credit Loan App is a reliable and efficient solution for instant loans.

MI Credit App has a user-friendly interface and seamless navigation.

The quick approval process, Instant approval and direct money transfer to your bank account, Easy way to borrow, easy documentation, and 100% online process to apply.

How to install the Mi Credit Loan App:

You can install the MI Credit Loan app from your Xiaomi mobile by visiting the MI Apps Store or default store.

You can also install Mi Credit app from Google Play Store and register through your phone number or Mi account.

You can also download the MI Application by visiting the website: https://mi-credit-xiaomi-inc.en.aptoide.com/app

MI Credit App Link
MI Credit App Link

Mi Credit Loan App Key Features:

It provides loan services for Personal, Business, and Gold loans in a quick and hassle-free manner.

You can also check your credit report / Civil Score worth ₹1,200 for free.

MI Credit App uses the best security practices to keep your information safe and secure.

Quick approval process and direct money transfer to your bank account.

Easy way to borrow, Simple documentation, and 100% online process

You can take a Loan amount from Rs. 5,000 to Rs. 25,00,000

Interest rates: 10% to 36% per annum

Loan Tenure: 91 days to 24 months

It serves users above the age of 21 and allows you to apply for a loan in four quick steps and receive loan funds within minutes.

It provides a flexible EMI tenure and makes it convenient for you to pay EMIs easily.

How to apply for a loan?

Step 1: Install the Mi Credit application from Google Play Store and register through a phone number or Mi account.

Step 2: After app installation open the app and allow all permissions to it.

Step3: Find and Tap the “Get Now” option and give your mobile number then after you will get an OTP to your registered mobile number

Step 4: Verify the OTP and you will be asked to upload the KYC documents (ID & Address Proof) & add personal details for online verification.

Step 5: You will be asked to upload your picture for verification afterward tap to continue. You can see that now your profile is generated and you can check the eligibility Criteria.

Step 6: You will be asked to provide the Bank details and salary slips after meeting the eligibility criteria.

Step 7: The loan amount will be disbursed by the lender to your bank account quickly on successful verification of provided documents.

Personal Loan Example

Let’s say the Loan amount is ₹20,000 and the duration is 6 months and the Interest rate is 16.2% per annum, so in this case processing fee will be ₹400 (2%), and GST on the processing fee will be ₹72

Total interest will be ₹956 and EMI will be ₹3493

APR: 36%, the Loan amount is ₹20,000. The disbursed amount is ₹19,528. The total loan repayment amount is ₹20,956.

Customer Care Number

Customer Service Email: micredit-support@xiaomi.com

Customer Service Hotline: 1800-258-6286 (Monday- Sunday, 8 a.m. to 11 p.m.)

Bug Report Email: micredit-in@xiaomi.com

Grievance Cell: Vikram Singh, Grievance Officer, Xiaomi Communications and Logistics India Private Limite. Email: privacy@xiaomi.com

Address: Orchid Block E, Ground Floor to 4th Floor, Embassy Tech Village, Marathahalli, SARJAPURA OUTER RING ROAD, Bangalore, Karnataka, India.



This article described the maximum knowledge of MI Credit Loan Apps in a very simple manner anyone can easily understand, if you face any problem while applying for the Loan through MI Credit app, please talk to the toll-free customer care number which is mentioned above, and you can pay the loan through EMI.

We hope that you liked the article and you can share this article to your friends who want the personal loan very easily.


FAQs – MI Credit Loan Apps

Q. What is the maximum loan amount that I can take from MI Credit?

Ans. ₹ 2,00000

Q. What is the interest rate levied in MI Credit App?

Ans. The interest rate depends on the loan amount, loan duration, and repayment tenure however the interest rate starts from 16% p.a.

Q. What is the MI Credit repayment tenure?

Ans. The maximum repayment tenure is 3 years.

Q. What documents are required for MI credit loan?

Ans. Lists of documents for MI Credit loan, 1. PAN Card, 2. Proof of address, 3. Source of income, 4. Details of your bank account

Q. What is the EMI date for MI Credit loan?

Ans. 5th day of each month.

Q. Is security or collateral required for MI Credit Loan?

Ans. Security or collateral is not required. You just need to pay the processing fee.

Q. Is Mi Credit loan app real or fake?

Ans. MI Credit Loan is read, safe, secure, and in the approved list of apps in India.

Q. Who are Mi Credit lending Partners?

Ans. MI Credit lending parterner are ZestMoney, CreditVidhya, Mondy View, Aditya Birla Capital Personal Finance, Early Salary.

Q. Can I delete MI credit app?

Ans. Yes, You can delete the MI App from your phone by going settings of your mobile, going into app settings, selecting the MI App, and uninstalling the App.

Q. What is the minimum credit score for MI?

Ans. The minimum credit score for taking the loan from MI Credit App is 620.

You can also try other mobile apps for taking the Personal Loan. Click on the below links to know more about other apps for Personal loans.

  1. Bharat Pay Personal
  2. Paytm App Personal Loan
  3. Aadhar Card Personal Loan
  4. Google Pay Personal Loan
  5. Phone Pay App Personal Loan
  6. Cashbean App Personal Loan

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