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Xiaomi to launch Mi Credit for personal loans in India

Last Updated: Fri, Nov 29, 2019 14:59 hrs
Xiaomi Mi Credit for personal loans (Image Courtesy: Xiaomi)

New Delhi: Chinese handset maker Xiaomi will launch its Mi Credit platform for personal loans in India on December 3.

hg0088如何开户It is likely that the company will now unveil a revamped version of Mi Credit in the country.

The smartphone player sent out invites for the upcoming launch on Thursday. Initially launched in May 2018, Mi Credit is the company's service that acts as a platform for users to initiate instant financial lending in India.

According to the company, Mi Credit, at the time of launch, was available in partnership with KreditBee which is an instant personal loan platform for "young professionals".

hg0088如何开户KreditBee is a Bengaluru-based start up.

hg0088如何开户According to Xiaomi, a loan can be initiated in under 10 minutes with a simple KYC verification on the platform.