Buying Xiaomi smartphone became easy, company started digital loan scheme

Xiaomi is constantly expanding its product lineup and bringing something new to the customers. Xiaomi is very popular in India due to its affordable and mid-range smartphones. Now Xiaomi has introduced a new program called “Xiaomi Easy Finance” in India. With XEF, customers can get quick and easy digital loan approval and avail a variety of financial options. Here we are telling you in detail about Xiaomi Easy Finance.

Xiaomi Easy Finance: Affordable way to buy Xiaomi smartphones in India

Xiaomi Easy Finance or XEF is a digital loan program launched by Xiaomi India. This has been designed to make purchasing Redmi smartphones easier for Indian users. The program has been developed in partnership with digital financial services provider Axio and security expert Trustonic. The XEF scheme is currently available at Mi Homes, Mi Studios, Mi Stores, Mi Preferred Partners, regional retail chains and authorized Xiaomi outlets.

Customers will have to submit their KYC documents and PAN card details for the loan. The loan application process is digital and paperless and customers can get instant loan approval. Once the loan is sanctioned, customers can purchase any Xiaomi smartphone at no-cost EMI option. Xiaomi said the XEF scheme is designed to make smartphone purchasing more affordable and accessible to more customers. The company believes that this scheme will help it reach more and more people in India.

The XEF scheme has been launched at a time when the Indian smartphone market is growing rapidly. According to Counterpoint Research, the Indian smartphone market grew by 10 percent in the first quarter of 2023. Xiaomi is the number 1 smartphone company in India with 23 percent market share. XEF scheme may increase Xiaomi’s sales in India. This scheme will make it easier for customers to buy Xiaomi smartphones.