Wednesday , October 24 2018
Xiaomi Mi Loan App

Xiaomi Releases Mi Loan App In China Compatible with All Android Smartphones

Xiaomi has today officially released a new Mi Loan app which is available on all smartphones running Android operating system. This was made official via a Weibo from the MIUI official Weibo account. The Mi Loan app is released for all Android phone users in China and among the services provided is the provision of micro-credit.

The process leading up to the disbursement of the loan involves the certification of the user. How that is going to be done is still unknowns. Then anyone interested in accessing the loan will then need to apply and upon approval, the amount will be disbursed. It is touted to last no more than 2 minutes.

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Also, the interest on the loan is calculated on a daily basis and is very flexible. From the look of things, you don’t need any form of collateral to access the loan which is a minimum of 100 Yuan. The maximum amount is unknown.

The Mi Loan App does not seem to be available for iOS officially presently. Also, it is not clear if the Mi Loan App is in anyway connected to the Sichuan Private Bank Xiaomi announced about 3 months back.

Source: Weibo

About Shobhit Aggarwal

Shobhit Aggarwal
Shobhit Aggarwal is the founder of Gadgets Parade. He is a tech geek from over a decade. He is very passionate to know more about new improvements in the tech world and tries to adapt it as much as possible. His first goal is to suggest his viewers with the best technology which the money can buy and also which can ease their life. Second, he wants everyone to get updated with the technological news as the world is adopting technology so fast, in almost every field. His suggestions and reviews are based on his understand and experience, they are totally unbiased.

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