Whether it's a Samsung Finance+ device loan or a Google Pay personal loan, we help you settle legally. Stop device locking and harassment today.
DMI Finance Private Limited is not your typical bank. It is a technology-first Non-Banking Financial Company (NBFC) that has revolutionized—and in some ways, weaponized—digital lending in India. If you have bought a smartphone on EMI without a credit card, or taken an instant personal loan through an app, chances are DMI Finance is the lender behind the screen.
They are the exclusive lending partner for Samsung Finance+, powering the EMI schemes for millions of Samsung devices. Beyond that, they are a primary lender for major fintech platforms like Google Pay (GPay), Paytm, PhonePe, and Mobikwik. Their reach is vast, penetrating deep into Tier 2 and Tier 3 cities where traditional banks fear to tread.
However, their reliance on technology extends to their recovery methods. DMI Finance uses sophisticated algorithms and automated systems for collections. For Samsung users, this means the dreaded "Device Lock" via Knox Guard. For personal loan borrowers, it means an incessant barrage of automated calls, legal notices sent via WhatsApp and email, and aggressive digital recovery agents.
At AMA Legal Solutions, we understand the unique "Tech-Legal" challenges posed by DMI Finance. We don't just negotiate money; we fight the technological coercion. Whether it's getting your phone unlocked or stopping the cyber-harassment from recovery agents, our specialized team knows exactly which legal levers to pull to bring DMI Finance to the settlement table.
When you buy a phone via Samsung Finance+, you aren't just signing a loan agreement; you are installing a "Digital Handcuff" called Knox Guard. This is a chip-level security layer that gives DMI Finance administrative control over your device.
Many local mobile repair shops claim they can "bypass" the lock. DO NOT DO THIS. It is illegal and voids your warranty. DMI Finance can track this and file a criminal case for "Destruction of Property" or "Cheating".
The only legal way to unlock your phone is through settlement. Here is how we do it:
Apps like Google Pay and Paytm make it incredibly easy to get a loan. You click a few buttons, accept the "Terms & Conditions", and the money is in your account. This is called a Click-Wrap Agreement.
The Problem: Most borrowers don't read the fine print. These agreements often contain clauses that allow DMI Finance to:
While DMI Finance is a regulated entity, some of the third-party apps they partner with (Loan Service Providers or LSPs) often ask for Contact List Permissions.
If you are being threatened that "We will call your parents/boss", this is a violation of the RBI Digital Lending Guidelines 2022. DMI Finance is responsible for the conduct of its LSPs. We use these violations as leverage. If their agents harass you, we file a formal grievance with DMI's Nodal Officer and the RBI Ombudsman, forcing them to come to the negotiation table respectfully.
We negotiate to waive off 100% of late fees and penal interest, often saving you 40-60% of the total debt.
We stand between you and the recovery agents, ensuring no illegal harassment or threats.
Get a valid 'No Dues Certificate' (NDC) from DMI Finance, ensuring the loan is closed permanently.
Settling with a tech-driven lender like DMI Finance requires a strategic, step-by-step approach. We don't just "ask" for a discount; we build a legal case for it.
We start by analyzing your loan statement. Immediately, we issue a 'Letter of Representation' to DMI Finance. This legal document informs them that you have legal counsel, which typically stops the aggressive recovery calls to you and your family.
If you have received a legal notice (Section 138, Arbitration, or Conciliation), we draft a strong legal reply. We deny any illegal claims and put on record your genuine intent to settle due to financial hardship, protecting you from ex-parte orders.
We compile proofs of your financial crisis (job loss letter, medical bills, bank statements). DMI's system requires documented proof to approve a high-waiver settlement.
We engage with DMI's central settlement team. We push for a 'Principal-Only' settlement or a deep discount on the total outstanding. We leverage any past harassment or procedural lapses by their agents to get a better deal.
DMI will issue a settlement letter. We verify it to ensure it mentions 'Full and Final Settlement' and clearly states that the loan will be closed and (for Samsung phones) the device will be unlocked.
You make the payment directly to DMI Finance (never to an agent). We track the payment and ensure you receive the No Dues Certificate (NDC) within 15-20 days.
DMI is quick to initiate arbitration. An arbitration award is legally binding and can be executed like a court decree against your assets.
If your NACH mandate or cheque bounces, they can file a criminal case under the Payment and Settlement Systems Act or NI Act.
Don't wait for legal action. Settle the debt before it reaches court.
"I am a final year student. I bought a Samsung A53 for my online classes. When my father fell sick, we missed 2 EMIs. DMI locked my phone right before my exams. I was panicked. I contacted AMA Legal Solutions. They immediately sent a legal notice to DMI about the exam situation. Within 48 hours, they negotiated a settlement. I paid ₹6,500 against the pending ₹14,000. My phone was unlocked the next morning. These guys are lifesavers."
Student, Delhi University
"I took a ₹2 Lakh loan via GPay for my sister's wedding. I lost my job in the tech layoffs. DMI's agents started calling my old office HR and my relatives. It was humiliating. AMA Legal Solutions stepped in and stopped the harassment completely. They handled all the calls. Finally, they settled the loan for ₹85,000. I got my NDC last week. Highly recommended for anyone facing DMI harassment."
Software Engineer, Pune
Clarify your doubts about settling loans with DMI Finance.
Get expert legal help to settle your Samsung Finance+ or Personal Loan today.
Our loan settlement services are available across all states and union territories in India