Take personal loan from Xiaomi, Mi Credit will be launched again

Xiaomi is going to relaunch its Mi Credit app on December 3. Let us tell you that in the month of May last year, the Chinese smartphone manufacturer had launched the Mi Credit app which works related to personal loan. It is expected that the company is going to relaunch its old app by making some changes. However, currently no information is available regarding the new version of Mi Credit platform. But the new version of Mi Credit app was uploaded on Google Play Store earlier this month. It is clear that the company is going to add a new feature to this credit service platform and its interface has also been changed.

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Let us tell you that the company has invited the press for this launch event on Thursday. Mi Credit App serves as a platform where users can get instant personal loans. The Mi Credit app, which was first launched last year, works in partnership with CreditB. Let us tell you that Creditbee is a Bengaluru based start up which is a platform to provide instant personal loans to young professionals. Talking about Mi Credit app, the loan process is started within 10 minutes of KYC verification. It is worth noting that Mi Credit App is the third value added service of Xiaomi in India. Before this, Mi Music and Mi Video have been introduced.

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Xiaomi has its own strategy behind providing the loan, under which the sales of the company’s products can be promoted through this platform. However, it is not clear what kind of response the company has received in India so far. The relaunch of the Mi Credit app appears to be an attempt to generate interest in this service.