Mi Credit is a personal loan platform from Xiaomi - India’s #1 Smartphone Brand, offering loans up to ₹5,00,000 at low interest rates in the most convenient and secure way.

Loan amount: From ₹5,000 to ₹5,00,000
Interest rates: From 16.2% to 36% per annum
Tenure: 91 days to 24 months

It offers service to users over 21 years old and allows you to apply for a loan in four quick steps and get money within minutes. 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!

Personal loan example:
Loan amount: ₹20,000
Tenure: 6 months
Interest rate: 16.2% per annum
Processing fee: ₹400 (2%)
GST on processing fee: ₹72
Total interest: ₹956
EMI: ₹3493
APR: 36%
Loan amount is ₹20,000. Disbursed amount is ₹19,528. Total loan repayment amount is ₹20,956.

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 ₹5,00,000. 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 ₹5,00,000 is disbursed to your bank account quickly

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

From version Mi Credit - Instant Personal Loan, Cash Online

Higher loan amount with lower interest rate.
Faster processing speed.

All versions


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