AllCloud Loan Management System vs Benedict Servicing LFN
AllCloud Loan Management System
allcloud.in
Benedict Servicing LFN
benedictgroup.comSide by side
| Figure | AllCloud Loan Management System | Benedict Servicing LFN |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | — |
| Windows | — | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | — |
| Self-hosted | — | Yes |
| Plans published | 0 | 2 |
| Spec score · Loan Management Software | 7.7 (#10) | 7.6 (#12) |
| Deployment | AllCloud describes its platform as a multi-tenant SaaS application and says dedicated deployment is available as an option. | LFN can be hosted on in-house servers or in the cloud, according to the product page. |
| Integrations | The LMS uses an API-first architecture and can integrate with mobile apps, customer portals, and other interfaces. | The maker describes customizable general-ledger exports and scheduled exports for a GL, data warehouse and mail merge. |
| Intended users | The vendor describes the LMS as built for banks, NBFCs, MFIs, and digital lenders, including digital, assisted, and field-led lending operations. | The maker identifies commercial and multi-family lenders, housing finance agencies, insurance companies and other complex lending operations as audiences for its servicing software. |
| Purpose | The loan management system handles post-disbursement repayments, collections, accounting, and compliance for banks, NBFCs, MFIs, and digital lenders. | Benedict Servicing LFN is desktop loan servicing software for commercial and multi-family lenders. |
| Support | AllCloud says it provides structured onboarding, role-based training, and ongoing support for LMS users. | The maker describes a US-based point of contact and hourly support; its pricing page lists support at $190 per hour. |
Plans
Benedict Servicing LFN
- Each additional concurrent user$3,500, paid once
- Base license (includes 3 concurrent users)$29,500, paid once
In their own words
AllCloud Loan Management System
AllCloud Loan Management System manages post-disbursement repayments, collections, accounting, and compliance for banks, NBFCs, MFIs, and digital lenders. Its servicing capabilities include EMI and interest calculations, repayment schedules, overdue tracking, collections, recovery workflows, accounting, and reconciliation. The system supports auto, business, MSME, personal, microfinance, gold, home, EV, and loan-against-property products on one platform. Lenders can handle amendments, part-prepayments, foreclosures, restructures, closures, and recalculations. It provides centralized loan and collateral document management, account statements, certificates, and reporting tools. Borrower alerts can be sent by SMS, WhatsApp, email, or app notifications, and the API-first architecture can connect to mobile apps and customer portals. AllCloud describes the system as multi-tenant SaaS, with dedicated deployment as an option. The vendor says it maintains RBI-aligned audit trails, transaction logs, compliance MIS, and CIC and regulatory reporting support. Pricing is on request.
Benedict Servicing LFN
Benedict Servicing LFN has no write-up on Specifiction yet; its figures are above.