MI credit 2021: How to take a loan from Mi credit?

MI credit 2021: How to take a loan from Mi credit? Mi credit is a famous finance application that provides easy credit with minimal documents and a straightforward and hassle-free process. Mi credit offers a variety of loans. This acts as a lot of flexibility, as you can easily choose the loan and loan amount from them. Also check PhonePe Loan and Navi app.

MI credit Loan

Mi credit provides loans at a meagre interest rate and processing fee. Most loans are straightforward to get, and personal loans from the application are the easiest to get. You can get a personal loan without any collateral and security. The application is highly secured, and all the payments and transactions are entirely under high protection. The process is completely online and hassle-free.

You can get a loan as many times as you want with the help of the Mi credit app. However, you need to repay the previous debt to take another one. There are a lot of trusted partners with the Mi credit application; with the help of these partner brands and companies, you can get a lot of offers and cashback.

FeaturesMi credit provides a variety of loans, and the process is speedy and secured. The loan amount is very easily transferred to your bank account without any hassle.
You can get a loan at a meagre interest rate, and the processing fee is also insufficient.
Eligibility criteriaEvery Loan which Mi credit provides has a lot of eligibility criteria. You need to be an Indian to take the Loan. You also need to have a regular source of Income so that you can quickly repay the loan amount.
Application process (Online/Offline)The application process is entirely online and hassle-free. You can either get registered on the application from the app or the official website. After registration and form filling, you need to submit the documents.
Documents RequiredThere are some documents that every type of Loan from Mi credit needs. It would help if you had a good credit score, identity proof, address proof, etc.
Official Websitehttps://www.credit.mi.com/in/
MI-credit

Eligibility criteria

You must need to know some eligibility criteria before taking a loan from the Mi credit app. You can either take a loan from the app or its official website. With the help of this, you can take out a loan from a computer or a phone. But without being eligible, you can’t take the Loan from Mi credit. These eligibility criteria are mentioned below:

  • You need to be a citizen of India to get the loan from Mi credit. 
  • You need to have a regular source of income so that you can repay the debt easily.
  • There is a limit for monthly income which must be followed. Every loan has a different monthly income requirement.
  • Your credit score matters the most in providing your loan. You need to have a credit score of at least 700 to get a loan. 
  • You need to have a bank account, as the money is directly transferred to the bank account of the applicant. 

Application process (Online/Offline)

The process by which you can fill and submit the application is straightforward, convenient and hassle-free. There are only four easy steps by which you can take the Loan. The steps by which you can take the Loan from Mi credit are mentioned below:

Step I – you need to download the Mi credit app or use its official website to get your work done.

Step II – once you have downloaded the application or used the website, follow the same steps. You need to register yourself on Mi Credit, and later, you need to provide all the details about yourself.

Step III – once you have registered successfully, you need to fill the application form. You also need to choose the loan amount and tenure. 

Step IV – now upload the scanned image of the required documents with the application form. Once all the process is over, you can submit the application form. 

Now you are good to get the Loan. Once the approval is over, the loan amount will be transferred into your account.

Documents required

You need to have some documents in your possession which acts as proof for your identity, address, Income, etc. Some of the documents are mentioned below:

  • Identity proof – Aadhaar card, passport, voter id card, etc.
  • Address proof – Aadhaar card driving license, etc.
  • Income proof, for which you can either use the bank statement of the last few months or the most recent salary slip
  • You also need to have a pan card with you for a successful KYC. 

Frequently asked questions

What is the maximum loan amount which I can take from the Mi credit?

Well, it depends on the type of Loan and your credit score and Income. You need to choose the type of Loan, and then according to your credibility, the loan amount will be approved by you.

Why do I choose Mi credit instead of others?

Well, it’s your choice, but Mi credit is undoubtedly better than most other loan providers. Mi credit is safe and secure, and it also provides loans within a few minutes.

Is my Data Secure & Encrypted in MI credit App?

As being Xiaomi’s official lending platform, they take care of users’ data and privacy safe & secure

Why choose Mi loan Credit?

Users can get quick loan approvals online. No more physical travel to banks

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