With Mi Credit Loans, Xiaomi steps in to India's lending market
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Xiaomi has entered into the consumer lending market in India with Mi Credit loans that will be exclusively available to the Xiaomi smartphone users. Mi Credit is a marketplace for lending and for that the company will join hands with multiple lending companies. In August, the beat version of Mi Credit was launched and as of November 2019, INR 28 Cr worth loans have been disbursed through the service.