FOR NBFCs, TELECOM OPERATORS, FINTECHS AND MOBILE RETAILERS
EMI Locker Software for Phones Sold on EMI
Loksiz is EMI locker software that restricts a financed phone when EMIs stay overdue, reminds the borrower automatically, and restores full access the moment they pay. No field visits, no spreadsheet chasing.
- Lock and unlock from a dashboard, an API or a simple retailer app
- Unlock fires within seconds of payment confirmation
- Rules you set to match RBI's 2026 device-lock directions
See Loksiz on your own devices
- 500K+ Devices financed
- 12+ Markets
- Works on Xiaomi, Oppo, Vivo, Realme and more
A Financed Phone Keeps Working Long After the EMIs Stop
Every phone sold on EMI is two things at once: a sale and a loan. Most businesses handle the sale well. Once a borrower goes quiet, though, collections is left with calls and messages and no real leverage.
Field visits cost more than many handsets are worth. Meanwhile the device stays in use, payments stay overdue, and defaults quietly turn into write-offs.
HOW IT WORKS
How the EMI Locker Works
A mobile EMI lock ties the phone to its loan in five steps.
Enroll at the point of sale:
Activate the device through the retailer app, the Android SDK or the API, with loan details attached.
Set your policy:
Choose grace days, overdue bands, notices and which restrictions apply at each stage.
Remind automatically:
Payment reminders go out by SMS, notification and on-screen alerts before anything is restricted.
Restrict on default:
Once an account crosses your threshold, restrictions apply remotely. Calls, SMS and emergency SOS stay working.
Unlock on payment:
The borrower pays from a branded lock screen and access returns within seconds, with no ops team needed.
FOR LENDERS
Device Locking Software for NBFCs, Telcos and Fintechs
Cut exposure on device loans without adding collections headcount. Loksiz connects to your loan management system through a REST API with webhooks, so remote device locking follows payment status automatically.
As a smartphone financing platform, it covers device financing risk management end to end: enrollment, reminders, risk alerts, restriction and recovery in one place.
- DLC (app and SDK-based) or native OEM locking for high-volume programs
- Graduated restrictions by overdue band, with full audit logs
- Role-based access for risk, collections and compliance teams
- Offline lock commands that queue until the device reconnects
FOR RETAILERS
EMI Lock App for Mobile Shops and Distributors
Sell more phones on EMI without worrying about the handset once it leaves your counter. Install the EMI locker app at the time of sale, track every customer's EMIs in one list, and lock or unlock from your own phone.
Built as an EMI locker for mobile dealers of every size, it works like a finance lock app from day one and grows into full automation when your EMI sales do.
- No coding or API needed to start
- Quick activation at the counter, done in the retailer app
- Automatic reminders to customers before any restriction
- Clear path to full automation as your EMI sales grow
OEM PARTNERSHIPS
Global Partner for OEM Native Locking Service
Loksiz is the global partner for native, OEM-level device locking on itel, Infinix and TECNO smartphones. Native locking works at the manufacturer level rather than through an installed app, giving lenders and telcos stronger control for high-volume financing programs.
Ask About OEM Locking- itel
- Infinix
- TECNO
Native locking partner
Ready for RBI's Device-Lock Rules
From 1 January 2027, lenders may restrict a financed device only under strict conditions. Loksiz lets you set each one as a rule rather than a manual process:
Restrictions only on devices bought with that loan
No restriction before 30 days past due, full restrictions only after 60 days
Incoming calls, SMS and emergency SOS always kept working
Access restored within one hour of dues being paid, logged for audit
Confirm your exact policy with your compliance team.
FEATURES
EMI Lock Software Features
Remote lock and unlock
Restrict or restore a device from the dashboard, API or retailer app.
Payment reminders
Automated nudges across SMS, app notification and lock screen.
Pay-on-lock-screen
Branded screen shows the amount due with a one-tap payment option.
Risk alerts
Flags risky accounts early, before a missed EMI becomes a write-off.
Real-time dashboard
Every device, every EMI and every lock status in one view.
Tamper protection
Authenticated, encrypted lock commands that survive offline periods.
COMPARISON
Why Teams Switch to Loksiz
| Feature | Loksiz | Basic EMI lock apps | Building in-house |
|---|---|---|---|
| Setup time | Days | Same day | Months |
| API and webhooks | Yes | Rarely | You build it |
| OEM-level locking | Yes | No | Needs OEM agreements |
| RBI rule configuration | Built in | Manual | You build it |
| Audit logs | Full | Limited | You build it |
RESULTS
Numbers Worth Taking to Your Board
60%
Reduction In Loan Defaults
Vs. Industry Baseline72%
Automated Recovery Rate
Via Smart Workflows3x
Operational Efficiency Gain
Fewer Manual Processes500K+
Devices Financed Securely
Across 12+ MarketsFrequently Asked Questions
Straight answers about EMI lockers, RBI rules and getting started.
Stop Chasing EMIs. Start Recovering Them.
See how Loksiz locks, reminds and recovers on your own devices in a short, free demo.