Mi Credit from Xiaomi: a detailed analysis of financial services in smartphones MIUI

If you own a Xiaomi, Redmi or a smartphone POCO base MIUI, You may have noticed the mysterious Mi Credit service on the app list, and many users delete it as unnecessary junk, unaware that it's an official financial tool from Xiaomi itself. But what is it really like? Why does it appear on devices without asking? And most importantly, is it safe to use it?

In this article, we will take a look at how Mi Credit works, what services it offers, how it affects your phone’s performance, and what to do if you don’t plan to use it, focus on privacy, because it’s about accessing financial data, and learn how to completely uninstall the app (spoiler: it’s not that easy), and what alternatives exist in 2026.

What is Mi Credit and why Xiaomi added it to the MIUI

Mi Credit is a financial service from Xiaomi, integrated into firmware MIUI It provides users with access to microloans, credit products and other financial services directly from their smartphones, and was launched in 2019, first in India, and then expanded to other markets, including Russia, Indonesia and the CIS.

Xiaomi's primary goal is to monetize the ecosystem through partnerships with banks and microfinance institutions (MFIs), which does not lend itself, but acts as an intermediary, receiving commissions for attracting customers.

• ⚡ Quickly apply for loans without visiting the bank
• 📱 Integration with MIUI (Credit Scoring Data Taken Directly From Your Phone)
• 💳 Possibility to pay for purchases in installments through Mi Pay
• 🔒 Automatic credit check based on device activity

It's important to understand that Mi Credit is not a banking app, it doesn't store your money or give out loans directly, but instead it analyzes your behavior, SMS, installed applications, geolocation) and transfers this data to partners for making a decision on issuing a loan.

How Mi Credit works: technical details and algorithms

Mi Credit uses a sophisticated system of data analysis to assess a user's creditworthiness, and this is how it works in practice:

1. Data collection. The application requests access to: 📞 Call log and SMS (analysis of financial transactions) 📍 Geolocations (frequency of visits to certain places) 📱 List of installed applications (availability of banking programs, games with purchases) 🔋 Device activity times (night calls may lower ratings)

Formation of credit scoring

Proposal by partners

Xiaomi

Processing and payment

Mi Pay

Fun fact: Mi Credit can even analyze how you charge your phone, for example, if the battery runs out too quickly due to background processes, it can be interpreted as a sign of a chaotic lifestyle and lower your credit score.

Security and privacy: whether to trust Mi Credit

The main question that worries users is how secure is it to transfer financial data through Mi Credit? The answer is ambiguous and depends on several factors.

Xiaomi says all data is encrypted according to standard SSL/TLS and stored on servers with level protection PCI DSS (But there are a few things that are questionable:

• 🔓 Access to personal data: The app requests permissions that financial services rarely need (e.g., access to contacts or calendars).
• 🌍 Data transfer abroad: some of the information may be processed on servers in China, which is contrary to the laws of some countries.
• 📉 Opaque scoring: The algorithm for calculating the credit rating is not disclosed, so it is impossible to dispute the results.
• 🔄 Automatic Update: The service can update in the background by adding new permissions without your knowledge.

⚠️ Note: If you have deleted Mi Credit through Settings → Applications, this does not mean that the service is completely uninstalled; it can remain in the system as a sleeper application and activate after the next update. MIUI.

For comparison, here is how the popular financial services handle this:

If you decide to use Mi Credit, follow these rules:

Disable access to contacts and SMS appliance

Do not store passwords from banking applications in phone notes

Check the permission list regularly after updates MIUI

Use two-factor authentication in your Mi Account-->

How to use Mi Credit: step-by-step instructions

If you want to try out the service, here’s how to use it:

1. Activation: Open the Mi Credit app (green wallet icon). Accept the terms of use and privacy policy. Confirm your phone number through the phone number SMS.
2. Verification: Upload a scan of your passport or other ID, take a selfie to confirm your identity (CBR requirement), and access geolocation to confirm your residence.
3. Receiving offers: Wait for your credit score (usually 5-10 minutes), review available offers from banks and IFIs, compare interest rates and deadlines (read the fine print carefully!).

Loan processing

• Select the appropriate offer and click "Put in an application".
• Sign the contract with an electronic signature.
• Wait for the transfer of money (usually within 1 hour).

The average amount of the first loan through Mi Credit is 5,000-15,000 ₽ Repeat customers can expect to increase the limit to 50,000. ₽.

⚠️ Note: If you withdraw your loan after approval, it may temporarily reduce your credit score in the system".

Application interface example (may vary depending on version) MIUI):

[Screen 1: Main menu]




My Loans (History and Current Loans)




"Offers" (Affordable loans from partners)




- "Profile" (credit rating and personal data)




- "Settings" (managing notifications and permissions)





[Screen 2: Proposal details]




- Amount: 10,000 ₽




- Term: 30 days




Interest rate: 1% per day (30% per annum)




- Extradition commission: 300 ₽




- Button: "Get the money"

How to completely remove Mi Credit from Xiaomi smartphone

Many users want to get rid of Mi Credit because it:

• 🔋 Consumes resources in the background (up to 50 MB of RAM)
• 📶 Transmit data even without active use
• 🚫 It is not a good thing for most owners.

However, simply removing the app menu won’t work — the service will recover after a reboot or update.

Method 1: Disconnect via ADB (without root)

This method does not require superuser rights, but it does require a computer and a debugging bridge. ADB:

1. Turn on Developer Mode (7 times tap the build number in Settings → About phone).
2. Activate USB Debugging in Settings → Additional → For developers.
3. Connect your phone to your PC and execute the command: adb shell pm uninstall -k --user 0 com.miui.credit

Method 2: Remove via TWRP (unlocked bootloader required)

For experienced users:

1. Install custom recovery TWRP.
2. Download the file. MiCredit_Remover.zip (available on forums 4PDA or XDA).
3. Sweep the zip file through Install in TWRP.
4. Perform cache cleaning (Wipe) → Cache/Dalvik).

Method 3: Blocking through Hosts (Limiting access to servers)

If you can’t delete it, you can block the connection with the servers:

1. Download the hosts file editing app (such as Hosts Editor).
2. Add the lines: 127.0.0.1 credit.mi.com 127.0.0.1 api.credit.xiaomi.com
3. Save the changes and restart the phone.

⚠️ Note: After deleting Mi Credit, some Mi Pay and Mi Finance features may stop working. MIUI through OTA.

💡

If after removing Mi Credit phone became slower to work, clear the cache in Settings → Memory. → Cleaning. It'll help restore productivity.

Mi Credit Alternatives: Which Services Are Better in 2026

If you need microloans or loans, but Mi Credit is incredulous, consider these alternatives:

Advantages of alternatives:

• 🏦 Transparent terms: Banks are required to disclose the full cost of the loan (PSK).
• 🛡️ Data protection: Russian banks are subject to the Law 152-FZ on personal data.
• 📊 Customer loyalty: With a good credit history, rates go down.
• 💳 Cashback, partner discounts, free service.

If you need microloans (up to 30 000) ₽ For a short period of time, pay attention to:

• 💰 MoneyMan - First loan under 0%
• 💸 Loan - issue round the clock
• 💵 Loyal requirements for borrowers

💡

Before applying for a loan, always check the service through the register of MFIs on the website of the Central Bank (cbr.ru).

Frequent Mi Credit Problems and Solutions

Mi Credit users are faced with common errors, and here are the most common ways to correct them:

1. "Failure to obtain credit rating"

Reasons:

• 📵 No Internet connection (service requires stable connection).
• 🔒 Denied access to geolocation or contacts.
• 📱 An outdated version MIUI (firmware update).

Decision:

1. Check the permissions in Settings → Annexes → Mi Credit → Permits.
2. Reboot your phone and try again.
3. Clear the app cache (Settings) → Annexes → Mi Credit → Memory. → Clear the cache).

2. "Your credit rating is too low"

Reasons:

• 📉 Frequent refusals of proposed loans.
• 🕒 Short history of smartphone use (less than 3 months).
• 🎮 A large number of gaming applications (considered as a “non-serious” profile).

Decision:

• 📱 Use your phone more actively (calls, SMS, transaction).
• 🔄 Wait 1-2 weeks and repeat the request.
• 💳 Link your bank card to Mi Pay to boost trust.

3. "The application does not open after the update"

Reasons:

• 🔄 Conflict of versions after update MIUI.
• 🗃️ Damaged cache files.

Decision:

1. Clear the application data (Settings) → Annexes → Mi Credit → Memory. → Clear the data).
2. Remove updates through Settings → Annexes → ⋮ → Remove updates.
3. Reinstall the app through the Mi App Store.

4. "No text message with the confirmation code"

Reasons:

• 📵 Lockdown SMS The operator (sometimes messages from financial services are filtered).
• 🔒 Phone number not confirmed in Mi Account.

Decision:

• Check if your operator has an antispam service.
• Re-register the number in Mi Account (Settings) → Xiaomi account).
• Try requesting the code via call (if available).

FAQ: Answers to popular questions about Mi Credit