AllCloud Loan Management System vs Lokta
AllCloud Loan Management System
allcloud.inLokta
lokta.aiSide by side
| Figure | AllCloud Loan Management System | Lokta |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Linux | — | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | Yes |
| Self-hosted | — | Yes |
| Plans published | 0 | 5 |
| Spec score · Loan Management Software | 7.7 (#10) | 8.9 (#3) |
| Deployment | AllCloud describes its platform as a multi-tenant SaaS application and says dedicated deployment is available as an option. | Lokta describes AWS, Azure, Google Cloud, on-premises and customer-VPC deployments, with Docker images available for private deployment. |
| Integrations | The LMS uses an API-first architecture and can integrate with mobile apps, customer portals, and other interfaces. | Ready integration examples include Digio, Cashfree, Gupshup, SMTP email, Tally and bureau reporting, while each provider is mapped and tested for the deployment. |
| Support | AllCloud says it provides structured onboarding, role-based training, and ongoing support for LMS users. | Starter includes bureau reporting, email support and phone support, while Enterprise offers dedicated engineering support. |
Plans
Lokta
- Lokta Next 100Free
- Starter (Lokta Next 100)Free
- Lokta Next 100 after free term₹1 a month
- Scale-up$100 a month
- EnterprisePriced on request
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.
Lokta
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.