Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Science News / Mi Credit launching again: Everything you need to know
  • Science

    Mi Credit launching again: Everything you need to know

    Shubham Sharma
    Written by
    Shubham Sharma
    Twitter
    Last updated on Nov 29, 2019, 04:30 pm
    Mi Credit launching again: Everything you need to know
  • After announcing Mi Credit service for providing digitally-approved personal loans last year, Xiaomi is gearing up to launch the platform again on December 3.

    The company has sent out invites for an event, which would see the re-launch of the service, presumably with a new user-friendly interface and some more features.

    Here's all you need to know about it.

  • In this article
    Revamped version of Mi Credit likely on the way Original version offered loans without collateral, approval in 10 minutes What to expect from the new version? Re-launch will revive interest in Mi Credit
  • Mi Credit

    Revamped version of Mi Credit likely on the way

  • Xiaomi had debuted Mi Credit in May 2018 through a partnership with KreditBee, a Bengaluru-based personal-loan start-up.

    Now, it appears that the tech giant will launch a revamped avatar of the service with a new UI and approval features.

    The company hasn't said anything about the updated avatar of the service, but a new Mi Credit app has already landed on the Play Store.

  • Original Mi Credit

    Original version offered loans without collateral, approval in 10 minutes

    Original version offered loans without collateral, approval in 10 minutes
  • The original version of Mi Credit promised personal loans up to Rs. 1 lakh through a simple digital KYC and no collateral at all.

    Initially, the platform was available for select MIUI users, but a few months later, Xiaomi opened it for all its customers.

    Notably, the company said, customers could get personal loans approved within 10 minutes through the app.

  • Expectation

    What to expect from the new version?

  • Apart from a new interface, the revamped Mi Credit app could make the digital application process even simpler, shorter.

    Plus, it may bring new lending partners onboard to provide different loan offers and added security/encryption features, among other things.

    The service could also be opened for people using other Android phones as well, much like the Mi Store.

  • Interest

    Re-launch will revive interest in Mi Credit

    Re-launch will revive interest in Mi Credit
  • Either way, the re-launch event is expected to revive customer interest in Mi Credit.

    It not exactly clear how the public took the original version of credit service but the new features and the revamped app might just do the trick for Xiaomi.

    To note, the Chinese company also claims to charge lower monthly interest than other players in the personal lending category.

  • Xiaomi
  • Mi Credit
  •  
Latest News
  • 2021 Volkswagen Arteon sedan to be launched in India soon?
    2021 Volkswagen Arteon sedan to be launched in India soon?
    Auto
  • Use less plastic, more eco-friendly material: PM to toy manufacturers
    Use less plastic, more eco-friendly material: PM to toy manufacturers
    India
  • Anurag Kashyap's daughter Aaliyah opens up about receiving rape threats
    Anurag Kashyap's daughter Aaliyah opens up about receiving rape threats
    Entertainment
  • Pune becomes India's second worst-hit city by COVID-19 after Delhi
    Pune becomes India's second worst-hit city by COVID-19 after Delhi
    India
  • COVID-19: Cabinet Secretary to hold review meeting with eight states
    COVID-19: Cabinet Secretary to hold review meeting with eight states
    India
Trending Topics
Samsung OnePlus Mobiles Android TV Smart TV Latest Gadget Launch MediaTek Dimensity 1000+ COVAXIN Latest Tech News Upcoming Mobile Phones
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Science news?

Subscribe to stay updated.

Science Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman Football News
BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips Farmers Protest Mohammed Bin Salman
Mercedes Europa League Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics Avengers Neha Kakkar
Premier League Big Bang Theory X-Men TATA
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021