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Lokta

lokta.ai

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Spec score 8.9 #3 of 30 in Loan Management Software

What it is

Lokta is an agentic loan servicing platform for work after loan approval, including servicing, monitoring, collections, and recovery. It supports personal, consumer durable and BNPL, vehicle and EV, home, loan-against-property, business/MSME, and supply-chain or invoice-finance books. Agents propose actions; a deterministic core checks policy and approvals before changes reach the ledger.

The platform connects to NACH and UPI rails, payment aggregators, core banking and escrow, credit bureaus, co-lending partners, collection agencies, and WhatsApp. Each feed is risk-rated and tested in a controlled path before it can write to a live book. Deployment options include AWS, Microsoft Azure, Google Cloud, on-premises, or a customer virtual private cloud. Stated controls include role-based access, maker-checker workflows, audit trails, tenant-separated databases, field-level PII encryption, TLS, and optional mTLS.

Loan origination, underwriting, credit decisioning, and origination-time pricing are outside its scope. The Next 100 programme lists a zero platform fee for 24 months for eligible NBFCs, with migration and bank integration fees; after the free term, the listed charge is 1 bps per month on AUM, plus applicable taxes.

Spec sheet

What it does
Lokta combines loan management, accounting, servicing, collections and reporting on one governed platform for banks, NBFCs, fintech lenders and lending service providers.Read 15 Oct 2026 · lokta.ai
Deployment
Lokta describes AWS, Azure, Google Cloud, on-premises and customer-VPC deployments, with Docker images available for private deployment.Read 15 Oct 2026 · lokta.ai
API
Lokta documents a REST API with 314 endpoints grouped into 35 sections.Read 15 Oct 2026 · developer.lokta.ai
Integrations
Ready integration examples include Digio, Cashfree, Gupshup, SMTP email, Tally and bureau reporting, while each provider is mapped and tested for the deployment.Read 15 Oct 2026 · lokta.ai
Privacy
Its privacy policy says customer organizations generally act as data controllers and Lokta acts as processor under contract or a DPA, with no sale of personal information.Read 15 Oct 2026 · lokta.ai
Support
Starter includes bureau reporting, email support and phone support, while Enterprise offers dedicated engineering support.Read 15 Oct 2026 · lokta.ai
Adoption model
The company uses founder-led adoption with a small cohort of lenders and starts with a drift audit before anything moves.Read 30 Sep 2026 · lokta.ai
AI governance
AI agents propose actions while deterministic policy checks and required human approvals control changes to the loan book, with proposals and outcomes recorded.Read 15 Oct 2026 · lokta.ai
AI models
The integration page lists OpenAI, Anthropic, Google Gemini, Meta Llama, Mistral, Cohere and self-hosted open models as supported model choices.Read 30 Sep 2026 · lokta.ai
API authentication
Requests use HTTP Basic credentials and a Tenant-Identifier header, with idempotency and pagination conventions documented.Read 15 Oct 2026 · developer.lokta.ai
API documentation
API pages provide schemas, parameters, runnable samples in five languages, Markdown versions, Postman collection, OpenAPI specification, conventions and error guidance.Read 15 Oct 2026 · developer.lokta.ai
App-store identity
The Apple App Store listing named Lokta is a separate finance app by IT Service Nepal PVT LTD, not Lokta Tech’s lending platform, and shows 5.0 out of 5 from 5 ratings.Read 15 Oct 2026 · apps.apple.com
Collateral
Collateral management tracks assets, valuations and documents through the life of a loan.Read 15 Oct 2026 · lokta.ai
Collections
Collections tools manage overdue accounts, promises to pay, follow-up queues and recovery records.Read 15 Oct 2026 · lokta.ai
Company track record
Lokta’s own biography attributes its team to Apache Fineract work associated with about $500 billion in cumulative principal, 65 million borrowers and 70 countries, while explicitly saying those totals are not Lokta’s own book.Read 15 Oct 2026 · lokta.ai
Crunchbase founders
Crunchbase lists Ashok Auty and Nayan Ambali as founders and describes the company as active, private and for-profit.Read 15 Oct 2026 · crunchbase.com
Crunchbase legal entity
Crunchbase identifies the legal name as Lokta Tech Private Limited and lists Bangalore, Karnataka, India as headquarters.Read 15 Oct 2026 · crunchbase.com
Data residency
Tenants can pin deployments to a specific region, with separate deployments for each residency boundary.Read 30 Sep 2026 · lokta.ai
Google Play identity
The Google Play listing named Lokta is published by ITServiceNepal (Code Durbar), describes retail accounting and inventory features, and shows 500+ downloads without a displayed numeric rating.Read 15 Oct 2026 · play.google.com
Integration safety
Every feed is risk-rated and proven safe in a controlled path before it can write to the live book.Read 30 Sep 2026 · lokta.ai
Licence
Lokta says it is a separate new codebase rather than an Apache Fineract fork or distribution, and no Lokta open-source licence is published on the reviewed pages.Read 15 Oct 2026 · lokta.ai
Limit: integrations
Integration logos do not guarantee prebuilt connectors; Lokta says providers require deployment-specific mapping, testing and acceptance.Read 15 Oct 2026 · lokta.ai
Limit: origination
Loan origination, underwriting, credit decisioning and origination-time pricing are outside the current product scope and described as roadmap work.Read 15 Oct 2026 · lokta.ai
Limit: product scope
The AI servicing page says leasing functionality and a voice bot are not included.Read 15 Oct 2026 · lokta.ai
LinkedIn company
LinkedIn lists Lokta as a privately held software-development company founded in 2026 in Bangalore, Karnataka.Read 15 Oct 2026 · in.linkedin.com
LinkedIn size
LinkedIn reports a company size of 11–50 employees.Read 15 Oct 2026 · in.linkedin.com
Loan accounting
Interest, fee and repayment events generate accounting entries tied to individual loan transactions.Read 15 Oct 2026 · lokta.ai
Loan coverage
The platform supports personal, consumer durable and BNPL, vehicle and EV, home, loan-against-property, business/MSME, and supply-chain or invoice-finance books.Read 30 Sep 2026 · lokta.ai
Loan management
The LMS maintains loan schedules, dues, balances and repayment histories on a shared loan record.Read 15 Oct 2026 · lokta.ai
Model providers
The integrations page names OpenAI, Anthropic, Gemini, Meta Llama, Mistral, Cohere and self-hosted open models as supported model choices.Read 15 Oct 2026 · lokta.ai
News: collateral module
A Lokta update dated 7 October 2026 announced general availability of collateral management with ten collateral types, daily prices for gold, shares and fund units, and stale-appraisal flags.Read 15 Oct 2026 · lokta.ai
Next 100 capacity
The Starter programme accepts two new lenders per month in application order.Read 15 Oct 2026 · lokta.ai
Origination limit
Loan origination, underwriting, credit decisioning and origination-time pricing are currently out of scope.Read 30 Sep 2026 · lokta.ai
Praise: configurability
A second review snippet shown on the G2 page is titled “Deeply configurable without making everyday work complicated.”Read 15 Oct 2026 · g2.com
Praise: controlled AI
The single G2 review is titled “A serious lending core with practical, controlled AI,” indicating praise for combining lending depth with control mechanisms.Read 15 Oct 2026 · g2.com
Pricing mechanics
Metered AI is a separate usage-based invoice line that activates only after approval, and listed fees exclude applicable taxes.Read 15 Oct 2026 · lokta.ai
Product configuration
Loan Product Studio has Build, Simulate, Sign-off, Integrate and Pilot stages for configuring and testing products before activation.Read 15 Oct 2026 · lokta.ai
Rating on G2
Lokta Core – Loan Management System is rated 4.5 out of 5 from 1 review.Read 15 Oct 2026 · g2.com
Security controls
Lokta describes Keycloak OIDC/OAuth2, tenant-scoped realms, role-based permissions, field-level authorization, maker-checker changes and replayable audit records.Read 15 Oct 2026 · lokta.ai
Supported lending books
The platform lists personal, consumer durable and BNPL, vehicle and EV, home, loan-against-property, business/MSME and supply-chain or invoice-finance lending.Read 15 Oct 2026 · lokta.ai
Target customers
It serves banks, NBFCs, fintech lenders and lending service providers.Read 30 Sep 2026 · lokta.ai

Plans and prices

Lokta Next 100 Free ₹0 platform fee for 24 months NBFCs with AUM up to ₹100 crore at enrolment · excludes pure-play microfinance NBFCs · migration ₹1 lakh one-time plus applicable taxes · bank integration ₹50,000 plus applicable taxes Read 30 Sep 2026 · lokta.ai
Starter (Lokta Next 100) Free ₹0 / USD 0 platform fee for 24 months Assets up to ₹100 crore/about USD 10 million · migration ₹1 lakh one-time · bank integration ₹50,000 one-time · two new lenders per month · excludes pure-play microfinance NBFCs Read 15 Oct 2026 · lokta.ai
Lokta Next 100 after free term ₹1 a month 1 bps per month on AUM (₹1,000 per crore), plus applicable taxes Begins after 24 months or when average monthly AUM exceeds ₹100 crore for two consecutive months · AI usage metered separately Read 30 Sep 2026 · lokta.ai
Scale-up $100 a month USD 100 per USD 1 million of assets per month (₹1,000 per crore; 1 basis point) Assets above Starter ceiling · implementation USD 5,000–10,000 one-time · standard hosted deployment · metered AI billed separately · taxes extra Read 15 Oct 2026 · lokta.ai
Enterprise Priced on request Price on request VPC deployment · multiple entities · custom integrations · procurement and security review · dedicated engineering support Read 15 Oct 2026 · lokta.ai

Every Lokta plan and price →

Strong points and limits

Strong points

  • Supports multiple loan types, including BNPL and EV.
  • Agents propose actions subject to policy checks.
  • Deployable on cloud, on-premises, or customer VPC.
  • Data residency can be pinned to a region.

Limits

  • Loan origination and underwriting are out of scope.
  • Migration costs ₹1 lakh one-time plus applicable taxes.
  • Bank integration costs ₹50,000 plus applicable taxes.
  • AI usage is metered separately after the free term.

Who it suits

Lokta serves banks, NBFCs, fintech lenders, and lending service providers. Its listed loan coverage spans consumer, vehicle, housing, business, and supply-chain books.

Lokta in depth

Read the full write-up

Lokta is post-approval loan servicing software for lenders handling repayment, collections and recovery across varied loan books. It suits banks, NBFCs, fintech lenders and lending service providers that want to govern agent-proposed actions before they alter the ledger. Its main limitation is equally clear: origination and credit decisioning remain outside its remit.

Overview

Coverage spans personal, consumer durable and BNPL, vehicle and EV, home, loan-against-property, business and MSME, and supply-chain or invoice-finance lending. That breadth is useful for lenders operating more than one product line, but does not make Lokta a full lifecycle lending system: loan origination, underwriting, credit decisions and origination-time pricing are out of scope.

Agents propose actions, while a deterministic core checks policy and approvals before any change reaches the ledger. Feeds are risk-rated and proven safe in a controlled path before they can write to the live book. These controls address a consequential risk in automating servicing; lenders still need appropriate policies and approval workflows for their own operations.

Key features

Servicing and integrations

Lokta supports payment scheduling, borrower portals, API access and both interest-calculation methods. It connects to NACH and UPI rails, payment aggregators, core banking and escrow, credit bureaus, co-lending partners, collection agencies and WhatsApp channels. That mix can suit lenders coordinating payments and servicing with several external parties. The range of connections does not change the product’s post-approval boundary.

Deployment, models and controls

Deployments can run on AWS, Microsoft Azure, Google Cloud, on-premises or in a customer virtual private cloud; tenants can be pinned to a region, with separate deployments for each residency boundary. Supported model choices include OpenAI, Anthropic, Google Gemini, Meta Llama, Mistral, Cohere and self-hosted open models. Security controls include Keycloak OIDC/OAuth2, role-based access, maker-checker workflows, structured audit trails, schema-per-tenant PostgreSQL isolation, field-level PII encryption, TLS and optional mTLS. This combination is relevant to organizations with deployment and residency constraints, as well as those that want a choice of AI model.

Pricing

Lokta Next 100

Eligible NBFCs with AUM up to ₹100 crore at enrolment pay a ₹0 platform fee for 24 months. Pure-play microfinance NBFCs are excluded. Migration costs ₹1 lakh one-time plus applicable taxes, and bank integration costs ₹50,000 plus applicable taxes. Bureau reporting, email support and phone support are included in the programme. The offer is aimed at qualifying lenders able to absorb the upfront migration and integration costs; it is not a no-cost migration.

After the free term

After 24 months, or when average monthly AUM exceeds ₹100 crore for two consecutive months, charges begin at 1 bps per month on AUM (₹1,000 per crore), plus applicable taxes. AI usage is metered separately. Lenders should account for the usage charge and the AUM-based fee when assessing long-term costs. Lokta also gives a general starting price of ₹1,000/mo; the Next 100 terms define a separate 24-month programme for eligible NBFCs.

Platforms

Lokta supports API, Linux, self-hosted and web access. Its deployment options extend from major cloud providers to on-premises and customer virtual private cloud environments, with region-pinned deployments for residency boundaries.

Who it's for

Lokta is most compelling for lenders that already handle origination elsewhere and need a governed platform for servicing, collections and recovery across varied loan products. Founder-led adoption begins with a drift audit before anything moves, a measured starting point for lenders assessing operational change. It is a poor fit for teams seeking underwriting, credit decisioning or origination-time pricing in the same system.

Pros and cons

Pros

Agent proposals are checked before ledger changes. Policy and approval controls provide a defined gate for automated actions.

Broad loan-book coverage. Personal through business and supply-chain finance are within scope, suiting lenders with diverse portfolios.

Flexible deployment and residency. Cloud, on-premises and customer VPC options, plus region-pinned deployments, accommodate different infrastructure constraints.

Next 100 lowers the platform fee initially for eligible NBFCs. The 24-month fee waiver includes bureau reporting and email and phone support.

Cons

No origination or credit decisioning. Lenders need other software for applications, underwriting, credit decisions and pricing at origination.

Next 100 has material entry costs and conditions. The migration fee, bank integration fee, AUM eligibility and microfinance exclusion narrow who benefits.

Costs continue after the free term. The AUM charge is joined by separately metered AI usage, plus applicable taxes.

Alternatives

For a broader comparison, start with Loan Management Software. Choose UnPay Loan Management System if a freemium option with a sandbox, 480 API endpoints and mobile apps better fits your evaluation; its enterprise plan uses custom annual pricing. Frappe Lending is worth considering for GPL-3.0 self-hosting or a Frappe Cloud Sites plan starting at $5 a month.

Margill Loan Manager may suit teams comparing loan-count- and user-based pricing, with SaaS and web monthly fees or licensed software without a monthly fee. AFSVision, Enterprise! and AllCloud Loan Management System are other paid alternatives. Apache Fineract is a free, Apache-licensed option for teams seeking open-source software. Bryt is another option, with a Business version for up to 10 active loans and an Enterprise version for unlimited active loans; add-on modules are priced separately for Business.

Verdict

Choose Lokta if your lending operation needs post-approval servicing across diverse books and you want policy and approval checks between agent proposals and ledger changes. Its deployment choices and controlled-feed approach strengthen that case. Look elsewhere if you need origination or underwriting, or if the Next 100 migration cost and later AUM- and AI-based charges do not fit your economics.

Verdict

Lokta focuses on post-approval servicing and recovery, with agent proposals checked before ledger changes. The Next 100 programme has eligibility requirements and separate migration and integration fees.

Where Specifiction places it

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