Is it safe to take loan from MI Credit?

Benefits of availing a loan from MI Credit

MI Credit is highly secure, and the information provided by you remains safe.

>> Click to

Subsequently, can I delete MI credit app?

The newer smartphones come with fewer pre-installed apps. So our Redmi 9 Power only came with Amazon, Netflix, Facebook and LinkedIn, Mi Remote, Mi Credit, and Mi Doc Viewer as extra third-party apps. Now just select the apps you want to remove and then tap uninstall all.

Beside this, does Mi Credit really work? Mi Credit has already been on a pilot testing for a while and Xiaomi says that it has successfully disbursed more than 28 crore loans during the period. And 20 per cent of the users asked for loans as high as Rs 1 lakh in value. Xiaomi says Mi Credit works with all major Indian banks.

Moreover, how do I cancel my MI credit?

Log into your Mi account and go to the ‘My Orders’ page. Choose cancellation option and fill in the required details.

How I check my cibil score?

Check Your CIBIL Score Online:

  1. Log on to the official CIBIL website and click on Know Your Score.
  2. Fill up the online form which asks for details such as name, date of birth, address, id proof, past loan history and other relevant data.
  3. On filling the form and accepting changes, you will be taken to the payments page.

How long does it take to disburse loan in MI Credit?

5 minutes

How safe is KreditBee?

Is my data safe with KreditBee? Yes, your data is safe with us. It is transferred over a secure connection to us, and we only share it as per our privacy policy for the purposes of facilitating a loan for you.

Is MI credit a NBFC?

Xiaomi’s current lending partners are primarily non-bank financial institution (NBFCs) or fintechs such as Aditya Birla Finance Limited, Money View, EarlySalary, Zestmoney and CreditVidya.

Is MI Credit banned in India?

The government of India has banned several Chinese apps in the country in the last few months stating threat to national security. … The first list of banned Chinese apps included Mi Browser. Given Mi Browser comes pre-installed with all Xiaomi smartphones users will not be able to use the app any longer.

Is Mi pay safe?

The Mi Pay app is approved by the NPCI and “provides the most safe and secure transactions with all data stored locally in India servers in an encrypted format,” according to Xiaomi.

What does MI Credit mean?

Mi Credit is a personal financing service where consumers can take a loan through their mobile phones and pay back in monthly installments. It’s just like the traditional banks, but the process is completely digital and the loan disbursement is instant.

What is the interest rate of MI credit?

Mi Credit App

The loan can be reimbursed over a period of 91 days to 2 years with easy EMIs, with an interest rate ranging from 1.35% to 3% per month based on the loan availed by the user.

What is the use of Mi pay app?

Faster, safer and more reliable, the specially designed UPI app (Unified Payments Interface) comes pre-loaded in all Xiaomi phones. Use Mi Pay to quickly transfer money to friends and family, pay your local grocer or pay for your utilities.

Leave a Comment