Xiaomi Launches “Xiaomi Easy Finance” Program to Facilitate Smartphone Purchases

Xiaomi, known for its budget-friendly and mid-range smartphones, has introduced an innovative initiative in India called “Xiaomi Easy Finance” (XEF).

This program aims to simplify the process of acquiring Redmi smartphones for Indian consumers, offering quick and hassle-free digital loan approvals along with various financial options. In this article, we provide a detailed overview of Xiaomi Easy Finance.

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Xiaomi Easy Finance: Affordable Pathway to Xiaomi Smartphone Ownership in India

Xiaomi Easy Finance, or XEF, is a digital loan program introduced by Xiaomi India to enhance the accessibility of its smartphones.

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In collaboration with digital financial services provider Axio and security expert Trustonic, this initiative has been tailored to cater to the Indian market.

The XEF program is currently available at Mi Homes, Mi Studios, Mi Stores, Mi Preferred Partners, regional retail chains, and authorized Xiaomi outlets.

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Digital and Paperless Loan Application Process

To benefit from XEF, customers are required to submit their KYC documents and PAN card details for loan processing.

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Xiaomi has streamlined the loan application process, ensuring it’s entirely digital and paperless, enabling customers to receive instant loan approval.

Once approved, customers can choose to purchase any Xiaomi smartphone through a no-cost EMI option.


Xiaomi envisions that the XEF scheme will make smartphone purchases more affordable and accessible to a wider audience in India.

Expanding at a Time of Market Growth


Xiaomi’s introduction of the XEF scheme aligns with the remarkable growth of the Indian smartphone market.

According to Counterpoint Research, the Indian smartphone market saw a 10 percent increase in the first quarter of 2023.

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Xiaomi remains at the forefront as the leading smartphone company in India, holding a substantial 23 percent market share.

The XEF initiative is poised to further bolster Xiaomi’s sales in the country, simplifying the process for customers to acquire Xiaomi smartphones and contributing to the company’s continued success in India.

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