Online instant personal Loan Get ₹1,00,000 loan Without Salary

Technical Firstpost

Xiaomi launches its Mi Credit service in India for all Android smartphones. The Mi Credit service promises personal loans within 5 minutes.
The prime motive of the Mi Credit service os to aid personal loans within 5 minutes, including all the processes for getting the loans. Users can already get the Mi Credit app on the Google Play Store.

Xiaomi is also promising a lower interest rate for the loans. The entire process of KYC verification, repaying through e-mandates and disbursal of the money is done digitally. Hence, users don’t need to go through the hassles of tedious paperwork.

Mi Credit has already been on a pilot testing for a while and Xiaomi says that it has successfully disbursed more than 28 crore loans during the period. And 20 per cent of the users asked for loans as high as Rs 1 lakh in value.
The Mi Credit service has gone live and all users with Android phones can download it from the Google Play Store.

Download apps

A secure and convenient way to get ‘Instant Loans’ with low interest rates.

Mi Credit is a personal loan platform from Xiaomi – India’s #1 Smartphone Brand. The loan can be repaid with easy EMIs over a period of 91 days to 3 years. Interest rates start at 1.35% p.m. For example, if the loan amount is ₹20,000, interest charged is 16.2% per annum and the loan is to be repaid over 6 EMIs, then the overall interest payable would be ₹937 and the EMI per month would be ₹3423. Please note the processing fee starts at around 1.99% + GST. The figures provided are indicative and are subject to change from time to time.

Mi Credit offers service to users over 18 years old and allows you to apply for a loan in four quick steps and get money within minutes. It offers loans up to 1 Lakh Rupees at low interest rates in the most convenient and secure way.  The application process is completely digital and hassle-free, and can be completed with the help of your mobile phone anywhere, even when you are sitting at your home, office or commuting. You may use the loan funds for any personal requirement like shopping, travel, education, medical expenses etc. We work with multiple partners to get the best loan offer for you at affordable EMIs. You have the flexibility to choose EMI tenure, so that it is convenient for you to pay the EMIs!

Credit Report / Experian Score
In Mi Credit app, you can also check your credit report / Experian report worth ₹1,200 for free. You need to provide a few basic details and you can get a detailed analysis of your bureau report. You can use the tips to improve your credit score, which will be handy whenever you need a loan in future.

Product features
Xiaomi’s official personal loan app
Best security practices to keep your information safe and secure.

Best loan offers just for you
Loan amount up to Rs. 1 Lakh. Interest rates starting at 1.35% p.m.

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

Easy way to borrow
Simple documentation and 100% online process

How to apply for a loan?
Step 1: Install Mi Credit app from Google Play Store and register through Mi account or phone number
Step 2: Upload KYC documents (ID & Address Proof) & add personal details for online verification
Step 3: Add bank details to facilitate transactions
Step 4: Loan amount up to ₹1,00,000 is disbursed to your bank account quickly

Additional information
Customer Service Email: [email protected]
Customer Service Hotline: 1800-258-6286 (Monday- Sunday, 9 a.m. to 11 p.m.)

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