Is Xiaomi loan the same as Xiaomi Finance?

Xiaomi Finance is a financial service platform under Xiaomi Group. The business line involves internet microfinance, mobile payment, internet finance, internet insurance, supply chain finance and financial technology, and has launched independent application software including Xiaomi Financial APP, Xiaomi Loan APP and Xiaomi Wallet APP to users.

Xiaomi loan is a credit product launched by Xiaomi Finance. The logic of "Xiaomi Loan" is similar to that of a commercial credit card, that is, a commercial institution issues a card by itself, and provides a certain credit line for users according to their consumption behavior in the issuing commercial institution, with the ultimate goal of promoting users' consumption in the commercial institution.