Is Xiaomi Finance collecting credit information?

Xiaomi Finance has been connected to the credit information system of the People's Bank of China on 20 18, and the platform will be reported to the credit information system in due course according to the relevant regulations of the People's Bank of China. At the same time, users will sign the Power of Attorney for Inquiring and Using Personal Credit Information when borrowing money, indicating that Xiaomi Finance will inquire about users' credit information when borrowing money, and users with poor credit cannot apply for loans. Therefore, you must repay the loan on time after Xiaomi Finance borrows, so as not to leave a stain on your personal credit and affect your application for loans on other platforms.

At the same time, Xiaomi loan has the characteristics of "real-time receipt", "unsecured", "monthly interest payment" and "repayment if borrowed". In addition, according to everyone's credit, the amount of application will be different. Xiaomi Loan provides different loan amounts, ranging from 100 yuan to 10000 yuan. According to everyone's credit, the amount you can apply for will be different. Unlike traditional loan credit reporting, it requires mortgage and income declaration. The more users use Xiaomi service, the faster the quota will increase.

At present, basically, the customer's loan amount is between10-100000. Even if the maximum loan amount can reach 1 10,000, the average person is not that kind. Then the daily interest of Xiaomi loan is 0.05%.

In addition, the interest will be calculated on the day of loan issuance, not on the day of repayment, and the principal can be repaid at maturity. The repayment date is 10 per month, and the unpaid amount after the repayment date, including principal and interest, will be subject to 0.75% penalty every day.