Phone bought off olx locked after original owner did not pay the EMI

You need powerful tols like this one..

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These are one stop solutions for everything every brand..
Which tool is this btw, because I also brought Redmi phone from olx which is finance locked. At first I managed to bypass it and was able to get developer option enabled.
But I was trying to unlock bootloader. The phone is now stuck at recovery and doesn't let me do anything.
 
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Which tool is this btw, because I also brought Redmi phone from olx which is finance locked.
Miracle Box.
I used to use an alternate famous tool but now gave up on BL/Rooting etc. hence deleted all such tools and data worth GBs..
At first I managed to bypass it and was able to get developer option enabled.
But I was trying to unlock bootloader. The phone is now stuck at recovery and doesn't let me do anything.
If dev options are enabled you can flash stock mi rom using miflashtool.

XDA has tons of MI resource or join Telegram and explore.
 
there are carrier locked iPhone in western countries which can't be used with other carrier and can be locked by insurer if insurance is claimed by user in case of theft
With iPhone you are safe they cannot block/lock it. Apple will never let anyone put any 3rd party software in their OS.
there are carrier locked iPhone in western countries which can't be used with other carrier and can be locked by insurer if insurance is claimed by user in case of theft. People bring their carrier locked phones in india and sell here also some people sell their iphone in india and then claim their insurance for theft in their western country which then blocks the iphone sold in india