TECHNOLOGY

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TECHNOLOGY

Xiaomi India brings digital loan scheme

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Details

Xiaomi has rolled out a digital loan program called "Xiaomi Easy Finance" (XEF) in India, aimed at offering flexible and affordable options for purchasing Redmi smartphones.

2

Availability

The program is a collaboration between Xiaomi India, digital financial services provider Axio, and security expert Trustonic. XEF is available at various Xiaomi outlets.

3

How to apply?

To take advantage of the XEF loan, customers need to submit their KYC documents and PAN card details. The application process is completely digital, allowing for instant loan approval.

4

Plan

Xiaomi created the XEF scheme to make device ownership more budget-friendly and accessible to a broader audience, aiming to further expand its market reach in India.

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Usefulness

With instant loan approvals and no-cost EMI options available through XEF, Xiaomi's smartphones are now more attainable for those who might have previously found them out of reach.