With the Mi Credit app, Xiaomi is using paperless KYC for verification and promises to grant the loan within minutes, thanks to a simple four-step application process. Notably, all data will be stored on Mi Servers in India for security reasons.
The Mi Credit app also offers credit report facility
In the Mi Credit app, you can also check your credit score. The company is offering a credit report generation service from Experian worth Rs. 1,200 for free. You will also get some tips to improve your credit score.