Xiaomi Finance's credit product "Xiaomi Loan", at present, users with Alipay score above 650 can apply for Xiaomi Loan (need to pass certificate+face recognition), so how can Xiaomi Loan have a quota? What is the general amount of Xiaomi loan?

Xiaomi loan is a pure credit unsecured loan product for Xiaomi users. Xiaomi Finance determines the corresponding loan amount after comprehensively evaluating the user's behavior. The minimum loan amount is 100 yuan, and the maximum loan amount is available for users.

The logic of "Xiaomi Loan" is similar to that of a commercial credit card, that is, a commercial institution issues a card by itself, and provides a certain credit line for users according to their consumption behavior in the issuing commercial institution, with the ultimate goal of promoting users' consumption in the commercial institution.

"Pure credit and unsecured loans based on user behavior are difficult to effectively control default, while similar businesses based on user transactions, such as JD.COM White Bank and Sesame Credit, will be relatively stable. Users' credit evaluation should be provided by the government, the market and recognized third parties, and it takes a long time for enterprises to directly intervene in credit evaluation.

Steps to obtain Xiaomi loan line:

1. Open the Xiaomi wallet application in MIUI system and click the "Loan" menu item on the page;

2. In the next page, click the loan promotion page at the top of the page;

3. In the dialog box that pops up at the bottom of the page, click the "Agree and Continue" button;

4. Next, you need to verify the mobile phone verification code first, fill it in the webpage and click the "Verify Now" button;

5. Next, fill in the name and contact number of your relatives or friends in the webpage, and then click the "Save" button;

6. Next, face recognition and authentication, which is completed according to the page prompts;

7. After the final real-name authentication is passed, the corresponding loan amount can be obtained.

What do you mean by the gradual opening of microfinance?

"Gradually opening up" actually means that you are not invited by the system and are not qualified to apply for small loans. At present, micro-credit is based on the user invitation system, so not everyone can apply, and it is only open to some users.

Moreover, at present, micro-loans do not support users to actively apply for opening, and there is no other way to force them. In fact, all the methods that can force micro-credit online are deceptive. If you want to open a small loan, you can only use Tencent's products to enhance your personal credit and strive to be invited by the system as soon as possible.

"Micro-loan" adopts the user invitation system. At present, invited users can see the "micro-loan" entrance in both the "QQ Wallet" of mobile QQ and the "WeChat Wallet" of WeChat, and can get a maximum loan amount of 300,000 yuan.

Extended data

As an Internet banking loan product launched by Weizhong Bank, "micro-loan" has the following characteristics:

(1) Unsecured and unsecured;

Most personal loans provided by traditional financial institutions require borrowers to provide guarantees such as mortgages, and it is difficult for individual users who cannot provide guarantees or have no fixed assets under their names to obtain loans. "Micro-loan" does not need mortgage and guarantee, and does not need to submit any paper materials, which can better meet the micro-financing needs of users with good credit.

(2)7*24 hours service, the fastest 1 minute to complete the loan;

Relying on strict risk control rules and complete technical support system, "micro-loan" provides 7*24 hours online service, with convenient and efficient procedures. All processes are completed on mobile phones, and loans can be made in 40 seconds at the earliest.

(3) It can be borrowed and repaid, and there is no handling fee for prepayment;

Most traditional financial institutions require users to repay on the repayment date. If the user wants to repay the loan in advance, he needs to apply and pay the handling fee. In addition to the regular default withholding repayment, "micro-loan" also supports users to settle loans at any time without charging any other additional formalities.

Baidu encyclopedia-micro-credit loans

Xiaomi loan shows that temporary unlimited service is gradually opening up, so stay tuned.

You can't borrow it for the time being Generally, Xiaomi invited it according to the user level, and it has not been opened to you.

Xiaomi loan service is gradually opening up. Please wait and see what it is.

It is this financial service that is still applying for a license.

You can't get a loan without taking pictures.