What is MI Credit?

MI Credit has been introduced recently by the smartphone brand MI, which provides instant personal loans to customers across various segments. The loan being offered by this smartphone major is made possible through an arrangement made between MI India and personal finance companies like Aditya Birla Capital, Money View, Early salary, Zest Money and Credit Vidya. The MI credit personal loan app is the only platform through which this loan can be availed.

MI Credit Personal Loan Details

MI Credit Personal Loan Amount 

MI Credit personal loans are offered from a starting amount of ₹ 5,000 to the tune of ₹ 1 Lakh at the low interest rate of 16% per annum. The company states that the eligible age to apply for a personal loan is minimum of 18 years. The loan application process is completely online and easy to execute, as one only requires to submit the documents online with the help of their mobile phone and apply for the same. However, the loan availed from the MI comes without any restriction regarding the utilization of funds, a person can use them for various reasons ranging from education, holiday, credit card payments, medical bills and many others.

Read More : Number of ways to use a personal loan

Tenure of the MI Credit Personal loan 

MI Credit Personal loan can be availed for a tenure of minimum 91 days and up to 3 years, depending on the type of facility and the loan provider, as MI credit may engage different lenders for every unique case. The applicant can choose the most suitable EMI option, as the products offered are flexible in terms of interest rate and the tenure of the loan, which in turn decides the overall EMI to be paid against the loan repayment. 


Free Credit Score Report from Experian

MI Credit app also offers some unique features as additional services attached with the personal loan facility. The most important feature is that an applicant can also check their credit score on the app worth ₹ 1,200 for free and at any point of time. All one needs to do is providing their details to retrieve the detailed analysis of the bureau report, with tips to improve their credit score even further. The credit score being provided here is derived from one of the leading credit assessment company Experian, which speaks for itself regarding the authenticity and accuracy of your personal credit score. 

Features of MI Credit Personal Loan App

  1. Xiaomi’s official personal loan app
  2. Best loan offers to the tune of ₹ 1 Lakh
  3. Instant Approval can be availed, with direct benefit transfer to your personal account
  4. Paper-less procedure to keep the process simple and with minimal documentation

How to apply for a loan from MI Credit?

  • Download and install the MI credit app
  • Register using your existing MI account or contact number
  • Upload KYC documents (ID & address proof) for online verification
  • Add savings bank account details to receive funds
  • Apply for your desired amount up to ₹ 1 Lakh and receive funds instantly

Customer Service Information

In case of any query or concerns regarding the process and approval of the personal loan through MI credit, feel free to contact on the toll-free number at 1800 258 6286 on all days between 9 AM to 11 PM. One can also write an email to for document support. In case there are concerns or report regarding the malfunctioning of the app due to bugs, write to with screenshots attached to the mail.


Q1How much money we could get as credit from Mi Credit by Xiaomi?
          The MI Credit Personal loan offers a loan amount up to ₹ 1 Lakh.
Q2What is the rate of interest levied if I avail a loan from MI credit app?
           The rate of interest applicable on the MI credit personal loan starts from 1.35% per month.