Xiaomi wallet is reliable. It is a non-bank financial institution approved by China Banking Regulatory Commission. It was initiated by Xiaomi Communication Technology Co., Ltd. and Chongqing Rural Commercial Bank. Similar companies, such as Zhaolian Consumer Finance Company and China Post Consumer Finance Company, can only make people feel reliable if they hold formal financial licenses.

Is Xiaomi wallet reliable?

The daily interest rate of Xiaomi financial loan is as low as 12000 yuan, and the lowest annual interest rate on that day is 0.02% (simple interest), and the converted annual interest rate is 7.2%. According to the loan interest rate protected by the state, the annual interest rate is within 24%, so users can judge the reliability according to the actual annual interest rate. In addition, Xiaomi financial loan can be repaid in equal amount, and the credit line can be recycled. The maximum loan is 200,000 yuan, and the fastest loan is about 1 minute. It supports early repayment, does not provide any fees such as "deposit" and "handling fee", and will not make private offline transfer. According to these loan information, users can also judge the reliability by themselves.