First of all, the company can charge an interest of 1.3 to 2.5% per month on personal loans, although it depends on the credit score of the people taking the loan and also the amount of the loan.  In comparison, compared to other companies, xiaomi interest rate is low, but the problem is that only those who use the phone of xiaomi can take the loan.  After taking a loan, you will have to pay the money back in 36 months through debit card or NetBanking.


                 pic credit google source 



China's smart phone maker, ,xiaomi is giving a personal loan of up to Rs 1 lakh to its customers in India.  xiaomi is giving this loan under his MI credit plan, which was launched in India in May last year, though the company was giving loans to only those customers whose phones had the operating system MIUI of xiaomi.  At the same time, they can also take a personal loan up to Rs 1 lakh from xiaomi, who has xiaomi phone and has Android One or Android Go.  xiaomi has partnered with KreditBee, an Instant Loan provider, to lend money in India.
First download the credit app from the MI Store in your phone.

After this, proceed with the initial setting and permissions.  After this, click on the button 'Get Now' and enter an afa mobile number.  After this you will be asked for some information.  After providing the information, upload the photo.  After this, the company will tell you how much you will get on the basis of your credit score.  After this you will be asked for the date of withdrawal.  After that the company will check the information given by you and then the money will be sent to your account.
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