Mi Credit- Instant Loan App

Mi Credit is the official loan app from Xiaomi - India’s #1 Smartphone Brand, offering loans up to ₹25,00,000 at low interest rates in the most convenient and secure way.

One can avail Personal, Business, and Gold loans in a quick and hassle-free manner.

Loan amount: From ₹5,000 to ₹25,00,000

Interest rates: From 10% 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 or business requirements. 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 loan app

Best security practices to keep your information safe and secure.

Best loan offers just for you

Loan amount up to ₹25,00,000. Interest rates starting at 10% per annum.

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 ₹25,00,000 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.