AllCloud Loan Management System vs Bryt
AllCloud Loan Management System
allcloud.in
Bryt
brytsoftware.comSide by side
| Figure | AllCloud Loan Management System | Bryt |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | Yes |
| Plans published | 0 | 3 |
| Spec score · Loan Management Software | 7.7 (#10) | 8.3 (#4) |
| Headquarters | Hyderabad, India | Palm Desert, California, USA |
| Integrations | The LMS uses an API-first architecture and can integrate with mobile apps, customer portals, and other interfaces. | A custom API module can integrate third-party applications; the API module is not available in the free trial. |
| Intended users | The vendor describes the LMS as built for banks, NBFCs, MFIs, and digital lenders, including digital, assisted, and field-led lending operations. | Bryt lists private, commercial, construction, consumer, mortgage, nonprofit, microfinance, CDFI, and other lenders among the audiences it serves. |
| Loan servicing | It supports EMI and interest calculations, overdue tracking, collections and recovery workflows, accounting, and reconciliation. | It tracks loan payments, delinquencies, fees, statuses, and borrower histories from a centralized dashboard. |
| Purpose | The loan management system handles post-disbursement repayments, collections, accounting, and compliance for banks, NBFCs, MFIs, and digital lenders. | Bryt is a cloud-based loan management platform for automating loan servicing, payment tracking, borrower communication, and reporting. |
| Security | The product page displays SOC 2 Type 2, ISO 27001, AES-256 encryption, VAPT, and AWS badges. | Bryt says it uses Microsoft Azure hosting, column-level encryption for sensitive data, and HTTPS for web and API traffic. |
| Support | AllCloud says it provides structured onboarding, role-based training, and ongoing support for LMS users. | Standard support is free and includes knowledge base, interactive tours, videos, chat, email, telephone, and one-on-one Zoom sessions; listed support hours are Monday to Friday, 6:00 AM–5:00 PM PST, excluding holidays. |
Plans
Bryt
- Bryt Business VersionPrice not published
- Bryt Enterprise VersionPrice not published
- Bryt Professional VersionPrice not published
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.
Bryt
Bryt is a cloud-based loan management and servicing platform for lenders. It handles loan setup, payment tracking, borrower records, communication, and reporting through web access and an API. Users can configure loan terms, rates, fees, interest calculations, and schedules without development. Servicing tools track payments and delinquencies, apply fees, and update loan statuses. The Loan Payment Wizard handles scheduled or unscheduled payments, payoffs, waterfall allocations, interest accrual, and late fee calculations. Its CRM stores borrower profiles, payment histories, communication logs, documents, and servicing notes. Lenders can offer a white-labeled borrower portal with loan summaries, payment details, login access, and communication options. Reports cover loan performance, payments, delinquencies, and portfolio trends, and can be exported. Optional modules include ACH, NACHA, credit reporting integration, an API module, borrower and investor portals, and an accounting register. Bryt lists private, commercial, construction, consumer, mortgage, nonprofit, microfinance, CDFI, and other lenders among its intended users. Pricing is available on request; there is no free plan, but a 30-day trial is offered.