Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 1064)
1064.
What is the limit of personal loans offered by recently launched Mi Credit?
Answer: Option
Explanation:
Chinese major Xiaomi on December 3 formally launched its lending platform Mi Credit in India, wherein individuals can avail up to Rs 1 lakh loan, and plans to introduce more financial products. Till now, the company has been operating Mi Credit platform on a pilot basis. Last year, it had announced to offer loans of up to Rs 1 lakh in partnership with KreditBee. The current lending partners for Mi Credit are primarily NBFCs or fintechs such as Aditya Birla Finance Ltd, Money View, EarlySalary, Zestmoney and CreditVidya.
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