FOR NBFCs, TELECOM OPERATORS, FINTECHS AND MOBILE RETAILERS
EMI Locker Software | Mobile Device Management for Phones Sold on EMI
Loksiz is a mobile device management system for Android phones and iPhones sold on EMI. When a payment becomes overdue, it automatically restricts access to the financed device and sends reminders to the borrower.
Once the borrower makes the payment, full access is restored. The entire process runs automatically, eliminating the need for field visits and manual spreadsheet tracking.
- Lock and unlock from a dashboard, an API, or a simple EMI locker app for retailers
- Unlock fires within seconds of payment confirmation
- Rules you set to match RBI's 2026 device-lock directions
See Loksiz on your own devices
- 550K+ Devices financed
- 12+ Markets
- Works on Xiaomi, Oppo, Vivo, Realme and more
A Financed Phone Keeps Working Long After the EMIs Stop
Selling phones on EMI brings more customers, but it also brings the challenge of collecting payments when borrowers stop responding to calls and messages.
Field visits add extra costs, sometimes more than the value of the handset itself. Meanwhile, borrowers continue using their phones, EMIs remain unpaid, and overdue payments can eventually turn into financial losses.
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, notifications, and on-screen alerts before anything is restricted.
Restrict by default:
Once an account crosses your overdue payment threshold, the Mobile Device Management lock is applied remotely. Calls, SMS, and emergency SOS remain functional.
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
Loksiz helps lenders manage phones sold on loan. It connects to your loan management system and automatically locks devices remotely based on the borrower's payment status.
As a smartphone financing platform, it covers device financing risks in one place, from device enrollment and payment reminders to risk alerts, remote locking, and recovery.
- DLC (app and SDK-based) or native OEM locking for high-volume programs
- Different restrictions for overdue payments, with a record of every action
- Access based on team roles for risk, collections, and compliance staff
- Lock requests are applied when the device reconnects to the internet.
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.
- 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 Android device management and 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 can lock a financed device only when certain conditions are met. Loksiz's mobile device lock software 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
Manage every financed device, track EMI payments, monitor lock status, and manage device activity from one dashboard.
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 Processes550K+
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.