Xiaomi today launched their personal loan service in India named as Mi Credit. Mi Credit service will provide a loan from the minimum amount of 1000 INR to a maximum of 1,00,000 INR to all the eligible customers.
The amount will be payable in monthly installments with the interest amount. Xiaomi in May soft-launched the Mi Credit service in partnership with Bengaluru-based startup, KrazyBee.
Mi Credit Service in India
Don’t want to miss the best from TechLatest ? Set us as a preferred source in Google Search and make sure you never miss our latest.
The Mi Credit service comes up with a lot of new features . This time Xiaomi partnered with more leading brands to provide more reliability in the service. The partners include Aditya Birla Capital Personal Finance, Money View, EarlySalary, CreditVidya, and ZestMoney.
The service claims to provide a loan in 5 minutes. This is just a hype or actual claim by Xiaomi, we will get to know this when we will actually use it. At this time the service is not servable in all the cities and towns in India but Xiaomi is really working hard to provide the service all over the country.
How to use it?
Interested users will have to download the Mi Credit App from Google Play Store and log in with your Mi account.
And then all the initial registration and KYC by uploading your identification and address proof. After verification, add your bank account to the Mi Credit account. That’s all, you are good to go now.
After approval of the loan amount, users get a repayment period of 91 days to 3 years with interest rates starting at 1.35% per month.
In its app description Xiaomi explains, “For example, if the loan amount is Rs 20,000, interest charged is 16.2% per annum and the loan is to be repaid over 6 EMIs, then the overall interest payable would be Rs 937 and the EMI per month would be Rs 3423.”
Additionally, users can check their credit scores within the app free of cost.
Enjoyed this article?
If TechLatest has helped you, consider supporting us with a one-time tip on Ko-fi. Every contribution keeps our work free and independent.
Highlights
- Xiaomi 17 Ultra is now official, launching next week in China, earlier than the previously expected early 2026 launch.
- The phone is set to debut with the first Leica-certified APO telephoto lens as part of an upgraded Leica partnership.
- Earlier leaks point to top-tier hardware, including the Snapdragon 8 Elite Gen 5 and support for direct satellite communication.
Good news for Xiaomi fans and mobile photography lovers before the year ends, as Xiaomi is preparing to launch the much-awaited Xiaomi 17 Ultra next week.
This will be the first smartphone from Xiaomi that includes an expanded partnership with Leica. Earlier rumors had suggested the smartphone would launch in early 2026.
Don’t want to miss the best from TechLatest ? Set us as a preferred source in Google Search and make sure you never miss our latest.
Xiaomi has posted several updates on Weibo regarding the 17 Ultra’s partnership with Leica, but a recent post from Xiaomi co-founder Lei Jun revealed the official launch banner for the 17 Ultra; unfortunately, the exact date wasn’t mentioned on it.
Xiaomi 17 Ultra Launch Banner (via Weibo)
Launch timing and region? The banner posted on Weibo, the Chinese micro-blogging site, confirms that the Xiaomi 17 Ultra is launching soon, but the exact date and time of the launch are still unknown.
Previous leaks pointed to an expected launch timeline of the smartphone as early as the first week of January 2026, but the new banner posted on Weibo confirms the launch to be happening around the last week of December 2025.
Previous Ultra flagships typically launched in February or March around Mobile World Congress, but this time Xiaomi has opted for an earlier schedule.
As for the region, it is always a China-first launch and then followed by other markets like India, the USA, and the EU.
Xiaomi Leica Partnership (via Weibo)
What’s new with the Leica partnership? This isn’t the first time Xiaomi has collaborated with Leica for the cameras, but the company is considering it an “upgraded” partnership for the 17 Ultra, promising a “groundbreaking optical system solution.”
Xiaomi claims the 17 Ultra to be the first smartphone in the world to feature a Leica APO-certified telephoto lens. Improvements in low-light image quality and overall clarity can be expected compared to the previous-generation Ultra phones.
Other rumored/leaked camera specifications suggest that the smartphone will be equipped with a 1-inch main camera sensor (likely the Omnivision OV50X), an advanced 200MP periscope telephoto, LOFIC sensor tech, and Leica’s signature color science and tuning.
Other flagship specifications (leaked/rumored)? Not only cameras, but the Xiaomi 17 Ultra is expected to have all the flagship hardware available in the market.
Previous leaks suggest that under the hood the smartphone could be powered by the Snapdragon 8 Elite Gen 5, paired with a 7,000–7,500 mAh battery that supports 100 W wired charging, a 3D-printed titanium alloy frame, a 6.8-inch LTPO panel with 2K resolution, and much more.
The smartphone is also tipped to support direct satellite communication out of the box. Earlier reports and regulatory filings confirm that it might support China’s Tiantong-1 and BeiDou satellite networks. Availability of the feature in other markets is still uncertain, as it requires local government approval.
Availability? As mentioned earlier, currently it is a China-only launch, so it will only be available in the Chinese region; however, the early launch also hints at the global launch at the Mobile World Congress next year.
Enjoyed this article?
If TechLatest has helped you, consider supporting us with a one-time tip on Ko-fi. Every contribution keeps our work free and independent.
