Xiaomi financial loan can only be handled by Xiaomi mobile phone, and other mobile phones are difficult to handle. Applications with other mobile phones, even detailed personal data, may eventually be rejected.
Xiaomi Financial Loan Repayment Method
Xiaomi loan supports repayment in six installments. The repayment method is to pay interest on a monthly basis and repay the principal at maturity.
It means that the lender repays the loan in six installments. The first five installments only need to pay the interest generated by the loan every month, and the last 1 installment pays the interest and loan principal of the last month.
The lender can repay the loan in advance at any time, the day after the loan is successful. The interest payable for early repayment is calculated according to the number of days as of the repayment date.
On the repayment date of 10 every month, the lender can repay the current loan through the repayment button-repayment plan on the loan homepage.
How to calculate the interest of Xiaomi financial loan
Xiaomi Financial Loan bears interest every day with a daily interest rate of 0.05%.
If the Lender makes overdue repayment, the overdue interest rate of overdue principal or interest is 65438+ 0.5 times the normal loan interest rate, and 0.075% per day.
Lender Xiaomi Financial loans overdue will affect the lender's credit record.