Device Locking & EMI Locker Software for Financed Smartphones

You Can't Collect From a Phone You Can't See

Financed smartphones are good revenue right up until someone stops paying. Loksiz is EMI locker software for NBFCs, telecom operators and mobile retailers: it locks the device when EMIs go unpaid, runs the chase for you, and gets the money back — without hiring three more people for EMI collection.

Book A Demo See How It Works
-- Lenders · telecom operators · fintechs · retailers — basically anyone financing handsets across more than one market.
Loksiz EMI locker software on a financed smartphone
Borrower risk score card for a financed phone
Phone lock, app block and notification controls
NPA reduction card on the Loksiz dashboard
-- THE CHALLENGE

Nobody Plans for the Default

A financed device is two things at once — a sale and a loan. Most companies are great at the first part and not really set up for the second: what happens when a borrower goes dark and the device is still out there, fully working, with nothing tying it to the fact that payments stopped. That's how EMI defaults quietly pile up.

That's basically the whole reason this exists. From enrollment to final payment — or recovery, if it comes to that — you get visibility into what's actually happening, automation for the stuff that doesn't need a human, and a real way to enforce repayment — a mobile EMI lock tied to the loan — instead of just sending email number four.

⚠️
RISK DETECTED
Payment Overdue - Device #4821

3 consecutive missed EMIs. Lock scheduled as per the lending policy.

🔒
DEVICE LOCKED
IMEI 35901***5680

Remotely locked. Awaiting payment confirmation to restore access.

✅
RECOVERED
Payment Received - Device Unlocked

Full access restored instantly. Device back to active state.

— HOW IT WORKS —

How EMI Device Locking Works

01
Enroll the financed device
Enroll the Device :

API or Android SDK, right at the point of financing. No batch upload at the end of the day.

STEP 01
02
Track EMI payments
Track Payments :

Live monitoring, reminders that go out on their own, across whatever channel borrowers actually check.

STEP 02
03
Detect risk before an EMI default
Catch Trouble Early :

Risk signals before the missed payment turns into a write-off — not after.

STEP 03
04
Lock the phone on EMI default
Lock on Default :

Past your threshold, access is gone. No site visit required.

STEP 04
05
Unlock the phone automatically after payment
Unlock on Recovery :

Balance clears, access comes back — automatically, or with one click if you'd rather control that part.

STEP 05

— SOLUTIONS

Device Financing Risk Management, in One Platform

Onboarding, payments, risk, recovery — one place instead of three tools that don't talk to each other.
Money stops, phone stops. That's basically the whole feature — and it's the one that matters most.
Reminders and escalation that run themselves — so nobody's manually dialing through a spreadsheet at 6pm.
Enrollment to closure, tracked the whole way — payment or recovery, whichever happens.
Explore All Solutions
Device financing risk management platform overview
Device locking platform features

PLATFORM CAPABILITIES

Device Locking Platform Features

  • Remote locking and unlocking — automatic, not something a person triggers
  • Payment reminders that fire across SMS, app, whatever
  • Real-time monitoring on both the device and the payment side
  • Fraud detection and risk scoring baked into every account
  • An API-first layer (genuinely first, not an afterthought)
  • An Android SDK for device-level control

— USE CASES —

The Stuff Teams Actually Deal With

👥
Defaults Eating Into Margin :

Tie device access to payment behavior and suddenly borrowers have an actual reason to stay current. Not a guilt trip — a consequence.

📊
Collections Is a Full-Time Job for Too Many People

Automate the reminders and the escalation. Save the humans for the cases that actually need a human.

📱
You Want to Grow Financing Without Growing Exposure

Grow at whatever pace makes sense — the risk tooling's already there, you're not building it as you go.

⚙️
You've Lost the Thread on Your Device Fleet

One dashboard. Real time. Every device.

— INDUSTRIES

Built for NBFCs, Telecom Operators, Fintechs and Mobile Retailers

✔
Telecom Operators :

Scale a financing program without the default rate scaling right alongside it. Risk controls in from day one, not bolted on after the first bad quarter.

✔
NBFCs & Lenders :

Lower exposure, push repayment up — without adding to the collections headcount.

✔
Fintech Companies :

Bolt on embedded device financing without spending six months building the enforcement layer yourselves.

✔
Retailers & Distributors :

Sell with installments and stop thinking about the handset the second it leaves the counter.

Loksiz for NBFCs, telecom operators, fintechs and mobile retailers
Why lenders choose Loksiz device locking software

WHY CHOOSE US

Why People Pick This

  • ✔ Locking infrastructure that's actually real-time — not real-time with an asterisk
  • ✔ API-first, so integration takes days, not a quarter
  • ✔ Scales across markets, not just the one you started in
  • ✔ Secure and compliant — which sounds boring until you need it
  • ✔ A track record: defaults down, recovery up. We can show you the numbers.

— RESULTS / SOCIAL PROOF

Numbers Worth Bringing to the Board

📊

60%

Reduction In Loan Defaults

Vs. Industry Baseline
⏱

72%

Automated Recovery Rate

Via Smart Workflows
📈

3x

Operational Efficiency Gain

Fewer Manual Processes
🔋

500K+

Devices Financed Securely

Across 12+ Markets

So, What Exactly Is a Device Financing Risk Management Platform?

Think of it as the operational backbone for any business that finances mobile devices. It gives lenders, telecom operators, and fintech companies one place to monitor repayments, catch defaults before they happen, and enforce recovery through remote device control — instead of juggling separate tools for each piece.

Frequently Asked Questions

Straight answers to the questions that come up most.

An EMI locker is software on a financed smartphone that links the phone to its loan. If EMIs stay unpaid beyond the overdue period in the loan agreement, the lender can restrict the phone remotely, and it unlocks automatically once the dues are paid. Loksiz is EMI locker software for NBFCs, telecom operators and mobile retailers, with payment reminders, risk monitoring and recovery built in.
It's the ability to restrict a borrower's access to a financed smartphone once their EMIs are overdue beyond the period set in the loan agreement — creating a direct, enforceable link between using the device and staying current on the loan.
Live payment monitoring, behavioral risk analysis, and device-level control all sit in one system — so you can spot problems early, communicate clearly, and step in when it's needed.
Yes — once the outstanding balance clears, access is restored, either automatically based on your rules or with a manual trigger.
Yes. Integration runs through REST API and Android SDK, so deployment doesn't depend on ripping out your existing stack.
Yes, within limits. Under RBI's August 2026 directions, a lender may restrict a device only when the loan was used to buy that device and the loan agreement explicitly allows it. Restrictions can start only after the account is at least 30 days overdue, incoming calls, SMS and emergency SOS must keep working, and every restriction must be lifted within one hour of the dues being cleared. Loksiz lets you set overdue periods and restriction steps to match your policy — confirm the details with your compliance team.

Ready to Get Your Device Financing Under Control?

Cut defaults, lift recovery rates, and build a financing operation that scales — without losing sleep over what happens after the device leaves your hands.

Book a Demo