It further said that nearly 50% loans till December end last year have been given to non Xiaomi Android smartphone users.
Over one million users have also availed checking their credit scores instantly on the Mi Credit app for free-- a service powered by Irish credit reporting company Experian till December 2019 end, the company said in an official release.
The current lending partners are primarily NBFCs or Fintechs such as Aditya Birla Finance Limited, Money View, EarlySalary<\/a>, Zestmoney<\/a> and CreditVidya<\/a>.
The personal loan facility according to the company is easy to avail as first time users can complete the digital application form within five minutes, and repeat customers can access it with just one click disbursement.
Once the loan is approved, the consumer has the option to choose the amount and the tenure of the loan, it added.
Mi Credit app comes preloaded on all MIUI phones, and can also be downloaded from Google Play Store and GetApps and Xiaomi’s own app store.<\/body>","next_sibling":[{"msid":73170999,"title":"Nokia claims 63 commercial 5G deals worldwide","entity_type":"ARTICLE","link":"\/news\/nokia-reaches-63-commercial-5g-deals-worldwide\/73170999","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":73171913,"entity_type":"ARTICLE","title":"Xiaomi's Mi Credit disburses loans of over Rs 125 cr till Dec","synopsis":"Chinese player Xiaomi\u2019s digital lending service Mi Credit has disbursed loans of over Rs 125 crores in India till December 2019 after it was officially launched on December 3, 2019, the phone maker said on Thursday.","titleseo":"telecomnews\/xiaomis-mi-credit-disburses-loans-of-over-rs-125-cr-till-dec","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":122,"shares":0,"engagementtimems":303000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/xiaomis-mi-credit-disburses-loans-of-over-rs-125-cr-till-dec\/articleshow\/73171913.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-01-09 16:14:43","lastupd":"2020-02-10 12:04:10","breadcrumbTags":["Xiaomi","ZestMoney","EarlySalary","Mi Credit","Creditvidya","MVAS\/Apps"],"secinfo":{"seolocation":"telecomnews\/xiaomis-mi-credit-disburses-loans-of-over-rs-125-cr-till-dec"}}" data-news_link="//www.iser-br.com/news/xiaomis-mi-credit-disburses-loans-of-over-rs-125-cr-till-dec/73171913">