EMI Locker System

EMI Locker - No Credit Card EMI Solution

Enable customers to purchase mobile devices on EMI without requiring a credit card. Powered by Financial Institutions and managed through Easy Merchant App.

Easy Merchant App

Shop owners access EMI Locker menu to sell devices on installments

Financial Institutes

Banks, NBFIs, and Mobile Companies provide financing options

Digital KYC

Quick customer verification through digital KYC process

SSL Commerz Payment

Repayment via Card, MFS, Internet Banking through EASY EMI App

Model 1 - CRM Based

For Financial Institutes WITHOUT their own LMS

CRM manages all loan operations
Policies defined in CRM
Direct approval workflow
Integrated repayment tracking

Model 2 - LMS Integration

For Financial Institutes WITH their own LMS

HTTP RESTful API integration
Policies fetched from LMS
Company & Product setup in LMS
Multiple policies per product

Model 1 - CRM Based System

For Financial Institutes that do NOT have their own Loan Management System. CRM handles all loan operations internally.

Process Flow

1. Configuration

CRM configures Mobile Company, Brand, Model, FI

2. IMEI Whitelist

All device IMEIs whitelisted during model onboarding

3. Merchant Access

Shop owner uses EMI Locker in Easy Merchant App

4. Digital KYC

Customer verification & request sent to CRM

5. FI Approval

Financial Institute verifies & approves quickly

6. Repayment

Customer pays via EASY EMI App (SSL Commerz)

CRM Configuration

Mobile Company
Samsung, Apple, Xiaomi, etc.
Brand & Model
Galaxy S24, iPhone 15, etc.
Financial Institute
Banks, NBFIs, Mobile Company Finance
Model-FI Connection
Specific model linked to specific FI

FI Declared Terms

Installment Amount Per Model

Tenure 3-24 Months

Interest Rate Variable

Service Charge Per Model

Model 2 - LMS Integration

For Financial Institutes that HAVE their own Loan Management System. CRM integrates via HTTP RESTful API.

API Integration Architecture

CRM System

SSL Wireless

HTTP REST API

LMS System

Financial Institute

Company

LMS onboards CRM/SSL Wireless as a Company entity

company_id: "SSL_WIRELESS"

Product

FI declares products like LOAN, HOME LOAN, EMI LOCKER

product: "EMI_LOCKER"

Policies

Multiple policies per product with different terms

policies: [...]

API Endpoints

GET /api/v1/products/{company_id}

Fetch available products for company

GET /api/v1/policies/{product_id}

Fetch policies (tenure, installment, charges) for product

POST /api/v1/loan-request

Submit loan request from CRM to LMS

PUT /api/v1/loan-request/{id}/status

Update loan request status (approval/rejection)

CRM Flag System

CRM maintains a flag for each Financial Institute to determine the integration mode:

Flag: USE_CRM = true

FI does NOT have own LMS → Use Model 1

Flag: USE_CRM = false

FI HAS own LMS → Use Model 2 (API Integration)

System Entities

Mobile Company

company_id
name
country
status

Brand

brand_id
company_id (FK)
brand_name
logo

Model

model_id
brand_id (FK)
model_name
base_price
specifications

Financial Institute

fi_id
name
type (Bank/NBFI/Mobile)
use_crm_flag
lms_api_endpoint

IMEI Whitelist

imei_id
model_id (FK)
imei_number
status (available/sold)

Model-FI Policy

policy_id
model_id (FK)
fi_id (FK)
tenure_months
interest_rate
installment_amount
service_charge

Customer

customer_id
nid_number
name
phone
kyc_status

Loan Request

request_id
customer_id (FK)
policy_id (FK)
imei_number
merchant_id
status

Repayment

payment_id
request_id (FK)
amount
payment_date
payment_method
transaction_id

EMI Locker - No Credit Card EMI Solution

Easy Merchant App

Financial Institutes

Digital KYC

SSL Commerz Payment

Model 1 - CRM Based

Model 2 - LMS Integration

Model 1 - CRM Based System

Process Flow

1. Configuration

2. IMEI Whitelist

3. Merchant Access

4. Digital KYC

5. FI Approval

6. Repayment

CRM Configuration

FI Declared Terms

Model 2 - LMS Integration

API Integration Architecture

CRM System

LMS System

Company

Product

Policies

API Endpoints

CRM Flag System

System Entities

Mobile Company

Brand

Model

Financial Institute

IMEI Whitelist

Model-FI Policy

Customer

Loan Request

Repayment

Complete Flow Diagram

Model 1: CRM Based Flow

Model 2: LMS Integration Flow