How long does it take to recover after Xiaomi loan failure?

The failure of Xiaomi loan means that the user does not meet the loan requirements. At this time, you can update the personal information you filled in. As for the credit limit of Xiaomi loan, There is no specific time when the time can be restored. Usually the system needs to re-evaluate the results after submitting the information, and the time is not fixed; if the loan fails due to a bank card, it can be restored in real time after changing the bank card.

You can apply for a Xiaomi loan through the Xiaomi Loan app or Xiaomi Finance app. Different users will get different credit limits when applying. Generally, users can get higher credit limits if they use more services provided by Xiaomi. . When applying for a loan, users can repay it in different installments.

Interest will be charged on Xiaomi loan on a daily basis, daily interest = unpaid principal * daily interest rate (the daily interest rate of Xiaomi loan will be comprehensively evaluated based on the account and personal credit situation, and will be displayed on your page as allow). For example: your daily interest rate is 0.05%, and the loan is 10,000 yuan, the daily interest is 5 yuan.

It should be noted that Xiaomi loans will accrue penalty interest after they are overdue. The longer the time, the more the penalty interest will be, and the platform will collect the loans after it is overdue. After overdue repayment, the platform will upload the overdue records to the credit reporting center. When personal credit becomes bad, it will affect the processing of various loans, such as car loans or housing loans.

Version information: Take Xiaomi Loan version 5.27.0, Apple 13 (IOS15.4.1 system), and Huawei mate40 (HarmonyOS2 system) as examples. Why can’t I borrow money even though I have a limit on Xiaomi loan?

There are three reasons why I can’t borrow money even though I have a limit on Xiaomi loan. The reasons for these three aspects are:

1. The comprehensive credit does not meet the lending conditions

Many times, everyone's credit limit does not reflect the evaluation results. Some friends do not have a credit limit, but the system page is not updated in time, and the previous credit results are still displayed. If everyone's income, liabilities, credit information, etc. do not meet the standards, they will not be able to successfully borrow money. If your overall credit is insufficient, you can only wait more than 3 months before trying again.

2. The loan limit for the day has been exhausted

The loan limit of Xiaomi loan is not unlimited. Sometimes, the loan limit is temporarily insufficient. At this time, everyone will encounter a situation where the credit limit cannot be borrowed. The quota for the day has been used up, you can wait about 3 days and try again.

3. System problems

At certain times, due to the update and maintenance of the Xiaomi loan system or the update and maintenance of the bank system, we are unable to lend the credit line. If there is a problem with the system, you can wait a few hours.

If you have capital turnover needs, it is recommended that you use Youqianhua. Youqianhua is a credit service brand under Duxiaoman Financial (original name: Baidu Youqianhua, changed its name to "Youqianhua" in June 2018 "), big brands are reliable with low interest rates and are trustworthy. Money to spend - Manyidai, the loan limit is up to 200,000 (click the official free test limit), the daily interest rate is as low as 0.02%, with easy application, low interest rate and fast loan, flexible borrowing and repayment, transparent interest fees, and safety Strong characteristics.

Warm reminder: The above information is for reference only and does not constitute any lending advice. During the online loan process, you must pay attention to preventing risks. In order to ensure the safety of funds and prevent fraudulent loans, it is recommended that you choose a regular bank or regular loan platform through your own judgment after a comprehensive understanding, and borrow reasonably based on your actual situation. Comprehensive Xiaomi loan application conditions in 2019: Failure may have these reasons!

Xiaomi Loan, a subsidiary of Xiaomi Finance, has been very popular among borrowers. Many Mi fans who are in urgent need of money will immediately think of Xiaomi Loan. In 2019, the application conditions for Xiaomi Loan have been released. New entrants Brother, you can come and take a look.

1. Official information Xiaomi loan is a pure credit loan, so the application conditions are very simple and no mortgage guarantee is required; only basic information certification needs to be completed, and Xiaomi mainly evaluates the overall qualifications. , so the system automatically determines and the results will be available soon; Apply for authentication: 1. Bind bank card: Enter the bank card number, name, ID card, and mobile phone reserved for opening an account. Remember to use a bank card with no abnormality in your name. Used for repayment and cash withdrawal; 2. Smart ID card recognition: Applying for a Xiaomi loan requires face recognition and corresponding actions, such as turning your head, opening your mouth, piercing your eyes, etc.; 3. Manual identity recognition: If automatic recognition fails , it will automatically jump to manual identification. You need to provide a selfie photo of your ID card, which will be reviewed within 1 working day after uploading. The above is the basic personal certification information, which is very simple. As long as you are over 18 years old, you can apply for a loan. , friends who have the conditions can try it.

2. User feedback Although Xiaomi loans are easy to apply for, there are certain thresholds. Many borrowers have been rejected without knowing why. I have compiled some feedback from users and hope to help everyone. 1. Failed to lend money if there is a quota. In 2019, Xiaomi is tightening the loan limit, so the amount issued every day is limited. You can try again at another time; 2. Bank card restrictions. Xiaomi only supports some bank cards, and bank cards cannot be frozen, reported lost, expired and other abnormal situations; 3. Xiaomi Finance. You can download Xiaomi Finance and try it from that entrance. The success rate will be higher. 4. Insufficient credit. It may be a newly registered account and has never participated in the Xiaomi system. You can try to find a Xiaomi account. To sum up, Xiaomi loans are still available in 2019, but the success rate is relatively low. Now the risk control is very strict. Many people fail within seconds after submitting. You can try to optimize the application materials. What's the matter with Xiaomi Finance that has a credit limit and cannot borrow?

Xiaomi Finance has a credit limit but cannot borrow. It may be because the comprehensive credit score is insufficient, and the credit limit that the user borrowed from Xiaomi Suixing has been cancelled. Or the daily quota is not enough. The daily loan quota of Xiaomi Suixing is limited. It may be that the available borrowing limit for the day has been used up, or the system is being maintained or upgraded. Please wait patiently for 1-2 days before you can apply again.

Xiaomi Suixing Borrow is a loan service under Xiaomi Finance, formerly known as "Xiaomi Loan".

Xiaomi Loan has been upgraded to Xiaomi Suixing Loan, which is a pure credit, unsecured loan product and is a credit service under Tianxing Financial (formerly Xiaomi Finance). Based on the mature big data risk control system and business scale, Xiaomi Suixingyi aims to provide users with convenient and fast services. At present, the main services cover personal consumption credit loans, consumer installment loans, small and micro enterprise business loans, etc., which are unsecured, purely online, and fast. Users can make simple operations through the App and lend money in as little as one minute.

Suixing relies on Xiaomi’s outstanding advantages in artificial intelligence, big data and other fields to provide users with efficient and convenient financial technology services through an online review system with zero manual intervention in the entire process.

The features of Sui Xing Borrowing product are daily interest starting from RMB 20,000, borrowing and repaying at any time, fast certification, and the fastest arrival in 1 minute. In addition, loans, installment purchases, Mifen life are all covered, and it also has comprehensive risk control , interest and fee transparency and other features.

The logic of Suixing Borrowing is similar to that of commercial credit cards, that is, commercial institutions issue cards by themselves, and provide users with a certain credit limit based on their consumption behavior at the card-issuing commercial institution. The ultimate goal is to promote users in that business. Institutional consumption.

Loan interest calculation:

Loan interest will be automatically deducted by the system on the repayment date of each month. The daily interest rate calculation formula = unpaid principal * daily interest rate (Xiaomi Loan The daily interest rate will be comprehensively evaluated based on the account and personal credit situation, please refer to the display on your page).

For example, if the daily interest rate is 5/10,000, and the loan is 10,000 yuan, the daily interest will be 5 yuan. If you have overdue principal or interest, the overdue interest rate for the overdue principal or interest is 1.5 times the normal loan interest rate.

Instalment shopping rate:

Xiaomi installment supports 3/6/12 installments. The total handling rate of Xiaomi installment for 3 installments is 2.22%, and the total handling rate for 6 installments is 3.9%. , the total handling rate for 12 periods is 7.2%. During normal repayment, you only need to pay the principal and handling fee of the current period every month. For early repayment, a total handling fee will be charged for the early repayment (based on the number of installments) allow).