"Xiaomi loan" is a key step towards personal consumption finance, and it is also the beginning of creating a new model of credit reporting from behavior to finance.
The so-called "from behavior to finance" means "based on MIUI system, with the authorization of users, accumulating their online behaviors, and evaluating users' credit and repayment ability accordingly. For example, online data shows that a user often exercises and maintains good work and rest habits, which indicates to some extent that the user is in good health, so the price of purchasing commercial health insurance will be relatively low; In the same way, a user often buys online, which shows to some extent that the user's spending power is relatively strong, so the loan amount he gets will be relatively high. It can be said that similar continuous daily data is less likely to be falsified. "
At present, Xiaomi loan is only for some invited users. In the future, it will be linked with the invitation system and application system to further open to Xiaomi users. At the same time, for users who have applied for cash credit, Xiaomi Finance provides "installment shopping" products and services, and users can choose the number of installments according to their own conditions to ease the shopping pressure of users on Xiaomi.
Xiaomi Finance is a personal comprehensive financial service platform under Xiaomi Company, which provides services around personal financial needs, including but not limited to: investment and wealth management, loans, securities and insurance.