1. Get the loan line.

If the user meets the loan application conditions, you can see the loan amount through Xiaomi Finance. If the user's information does not meet our credit conditions, you can submit real-name authentication or open more services, and you will have the opportunity to get a loan line.

Therefore, the loan conditions are not met for the time being, and the loan can't come out.

2. Calculation of Xiaomi loan interest

Xiaomi loan interest will be deducted automatically on the repayment date of each month. Daily interest rate calculation formula = outstanding principal * daily interest rate (the daily interest rate of Xiaomi loan will be comprehensively evaluated according to the credit status of accounts and individuals, subject to the page display).

For example, the daily interest rate is five ten thousandths, the loan 10000 yuan, and the daily interest is 5 yuan. If the principal or interest is overdue, the overdue interest rate of the overdue principal or interest is 65438+ 0.5 times the normal loan interest rate.

Extended data:

Millet staging

Xiaomi supports users who meet the staging conditions to buy goods in Xiaomi in stages. Xiaomi installment service is only open to some users for internal testing. Users who log in to Xiaomi Loan will have the opportunity to get the installment quota. After activation, they can use the installment service when shopping on Xiaomi. We will gradually develop services, and users who have no quota for the time being will wait patiently.

Installment shopping rate

Xiaomi supports 3/6/ 12 installment payment. The total procedure rate of millet staging is 2.22% in the third stage, 3.9% in the sixth stage and 7.2% in 12 stage. In normal repayment, only the current principal and handling fee are paid each month, and the total handling fee will be added to the prepayment in advance (whichever is the last).

Xiaomi Loan-Frequently Asked Questions