The Indian Smartphone Market Runs on EMI
Walk into any mobile shop in India and you'll see the signs: "0% EMI on Bajaj Finserv." "12-month EMI on HDFC." "Easy monthly installments available."
EMI is not a luxury feature — it is the dominant way Indians buy smartphones. Industry data suggests over 60% of all smartphones priced above ₹15,000 are sold through some form of financing in India.
Yet ask most mobile shop owners: "How many Bajaj EMI applications are pending approval this month?" Most will say — "I'm not sure, I have to call them."
That's a massive blind spot in your business.
MobiBix Consumer Finance module eliminates that blind spot — for both NBFC-financed EMIs (Bajaj, Home Credit, HDFC) and shop-owned installment plans.
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The Two Types of EMI in Your Shop
Before we go into the solution, let's understand the two very different financing types that happen in a mobile shop:
Type 1: NBFC EMI (Bajaj Finserv, Home Credit, HDFC, ICICI) The bank/NBFC pays your shop **directly** after approving the customer's application. Your role: 1. Apply for the customer 2. Wait for approval 3. Track when the settlement actually hits your account 4. Reconcile subvention amounts (especially for 0% EMI schemes)
Risk: You've handed over the phone. The money may arrive in 2–5 working days. Are you tracking every single pending settlement? Most shops aren't.
Type 2: Shop EMI / Kistikatta (Your Own Installment Plans) You offer the customer a monthly payment plan. You take the financial risk yourself.
> "Take the phone today, pay me ₹3,000 per month for 5 months."
This is extremely common in Tier-2 and Tier-3 cities, in areas with lower credit penetration, or with long-term loyal customers. The risk: you have no system to track who's paid, who's overdue, and how much is outstanding across all customers.
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Problem 1: You Don't Know Your NBFC Settlement Status
Let's say you have 12 pending Bajaj Finserv EMI applications this month: - 4 are approved and awaiting settlement - 3 are applied but pending bank verification - 2 were approved last week — did the money arrive? You're not sure - 1 was rejected, but the customer has already taken the phone - 1 was settled, but the amount was ₹200 less than expected
Without a tracking system, you're calling your Bajaj DSA agent every week, checking your bank statement manually, and mentally tracking 12 moving pieces.
MobiBix NBFC EMI Tracking turns this chaos into a clean dashboard:
| EMI # | Provider | Customer | Amount | Status | |-------|----------|----------|--------|--------| | EMI-0041 | Bajaj Finserv | Rahul S. | ₹35,000 | APPROVED | | EMI-0042 | Home Credit | Priya M. | ₹22,000 | APPLIED | | EMI-0043 | Bajaj Finserv | Amit V. | ₹50,000 | SETTLED |
One view. All statuses. Filter by APPLIED, APPROVED, SETTLED, REJECTED.
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Problem 2: Your Kistikatta Book is a Disaster
If you offer shop-owned installment plans, you probably have: - A notebook with customer names and amounts - Or a WhatsApp group where you remind people to pay - Or a messy Excel sheet that's always outdated
When a customer comes in on the 15th to pay their installment, you're flipping through pages to find their entry. And tracking who's overdue? That's a full-time job.
MobiBix Kistikatta (Installment Plan) module replaces all of that:
What Happens When You Create a Plan
1. Enter: customer, total amount, down payment, tenure (e.g., 5 months) 2. System automatically generates monthly slots: - Slot 1: ₹3,000 due April 17 - Slot 2: ₹3,000 due May 17 - Slot 3: ₹3,000 due June 17 - ... and so on 3. Each slot has a status: PENDING → PAID / OVERDUE 4. When the customer pays, click "Record Payment" on the slot 5. System updates remaining balance automatically
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The Finance Dashboard: Your Command Center
The MobiBix Consumer Finance dashboard gives you 4 critical KPIs at a glance:
1. Pending EMI Settlements How many NBFC applications are approved but not yet settled to your bank? Total amount outstanding.
2. Approved Applications EMIs approved but money not yet received. Follow up with your bank DSA.
3. Overdue Installment Slots Customers who haven't paid their monthly Kistikatta amount. Reach out proactively before it becomes a bad debt.
4. This Month's Expected Collections Total amount you should collect from all active installment plans this month. Use this for cash flow planning.
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0% EMI and Subvention: The Numbers You're Missing
When you offer "0% EMI on Bajaj Finserv," someone pays the interest — and it's not your customer. The NBFC charges you a subvention amount (also called processing fee or interest subsidy) that is deducted from your settlement.
> Example: > Phone price: ₹30,000 > Bajaj Finserv settles: ₹28,800 (deducts ₹1,200 subvention) > Your actual revenue: ₹28,800
Are you tracking this deduction on every EMI? If not, your profit margins are being silently eroded.
MobiBix EMI application stores: - Loan amount: what the customer is borrowing - Down payment: paid upfront - Subvention amount: the cost to you for offering 0% EMI - Settlement amount: what actually hits your bank (entered when you receive it)
Now you can finally see exactly how much 0% EMI is costing you per deal — and decide if it's worth it.
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Who Needs This Feature Most?
NBFC EMI Tracking is for you if: - You partner with Bajaj Finserv, Home Credit, HDFC, ICICI, Kotak or any other NBFC - You process 5+ EMI applications per month - You've ever had a customer dispute about whether their EMI was approved - You've ever lost track of a pending settlement
Kistikatta (Shop EMI) is for you if: - You offer monthly payment plans to trusted customers - You're in a Tier-2/3 city where credit card/NBFC EMI penetration is lower - You have 3+ active installment customers at any given time - You've ever had a customer "forget" their payment due date
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Preventing Bad Debts: The Overdue System
The biggest risk with shop-owned installment plans is customers who stop paying. MobiBix helps you stay ahead:
1. Overdue Detection: Every night, the system checks for slots past their due date and marks them OVERDUE 2. Overdue Counter: Your dashboard shows the exact number of overdue slots 3. Slot Timeline: Open any plan to see the full payment history — paid, partially paid, overdue 4. Partial Payments: If a customer pays ₹1,500 against a ₹3,000 slot, record it as a partial payment — the remaining ₹1,500 stays outstanding
The goal is to catch problems at slot 1 — not after all 5 slots have been missed.
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Integration with Invoices
Every EMI application and installment plan is linked to a specific invoice. This means:
- When you view an invoice, you can see whether it was financed via NBFC or shop EMI - No double-financing — one invoice can only have one EMI application or one installment plan - Payment modes NBFC_EMI, CARD_EMI, and SHOP_EMI are now available on every invoice
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Comparison: MobiBix vs. Other Mobile Shop Software
| Feature | MobiBix | Vyapar | RepairDesk | Tally | |---------|---------|--------|------------|-------| | NBFC EMI tracking | ✅ | ❌ | ❌ | ❌ | | Kistikatta/Shop EMI plans | ✅ | ❌ | ❌ | ❌ | | Auto slot generation | ✅ | ❌ | ❌ | ❌ | | Overdue detection | ✅ | ❌ | ❌ | ❌ | | Settlement reconciliation | ✅ | ❌ | ❌ | ❌ | | Subvention tracking | ✅ | ❌ | ❌ | ❌ |
No other mobile shop management software in India tracks EMI the way MobiBix does.
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Real Talk: Is Kistikatta Safe for Your Business?
Offering your own installment plans carries risk. Here's how to do it safely:
Do: - Limit Kistikatta to customers you know personally or who have bought from you before - Keep tenures short — 3 to 6 months maximum - Collect at least 20–30% down payment - Use MobiBix to track every slot — no exceptions
Don't: - Offer installments to walk-in strangers without verification - Do Kistikatta for amounts above ₹20,000 without collateral - Rely on verbal agreements — always link to an invoice in MobiBix
With the right discipline and the right tracking system, Kistikatta can be one of the best loyalty-building tools in your shop.
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Get Started: Activate Consumer Finance in Your Shop
Consumer Finance is available to all MobiBix subscribers on the Pro plan and above. Setup takes 3 minutes:
1. Go to Consumer Finance in your sidebar 2. Select your shop 3. For NBFC EMI: Click New EMI, enter the invoice and finance details 4. For Kistikatta: Click New Plan, enter the customer, invoice, and tenure
From that moment on, every EMI and every installment is tracked automatically.
[Start tracking your EMIs and installments today →](https://mobibix.in/signup)
*The used phone loan book you've been managing in your head? It's time to put it in the system.*