Canopy vs Lokta
Canopy
canopyservicing.comLokta
lokta.aiSide by side
| Figure | Canopy | Lokta |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Linux | — | Yes |
| API | Yes | Yes |
| Self-hosted | — | Yes |
| Plans published | 1 | 5 |
| Spec score · Loan Management Software | 7.9 (#6) | 8.9 (#3) |
| API | Canopy describes its API as modern and low-code, intended to help developers launch lending products and connect systems. | Lokta documents a REST API with 314 endpoints grouped into 35 sections. |
| Integrations | Canopy offers low-code integrations and lists providers and tools including Amazon S3, BigQuery, Checkout.com, Dwolla, Galileo, HubSpot, Intercom, Stripe, Twilio, Zendesk, and others. | Ready integration examples include Digio, Cashfree, Gupshup, SMTP email, Tally and bureau reporting, while each provider is mapped and tested for the deployment. |
| Product configuration | Lenders can customize policies, interest rates, payment plans, billing cycles, and fees for each customer. | Loan Product Studio has Build, Simulate, Sign-off, Integrate and Pilot stages for configuring and testing products before activation. |
| Support | Canopy says it provides a dedicated support team to help with workflows and borrower onboarding. | Starter includes bureau reporting, email support and phone support, while Enterprise offers dedicated engineering support. |
| What it does | Canopy is a loan management system for commercial lenders that supports secured, revolving, installment, and hybrid lending products after loan origination. | Lokta combines loan management, accounting, servicing, collections and reporting on one governed platform for banks, NBFCs, fintech lenders and lending service providers. |
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
Canopy
Canopy is a cloud loan management system for commercial lenders and organizations embedding lending or credit products. It supports secured, revolving, installment and hybrid products across launch, servicing and scaling, while focusing on post-origination work rather than applications or decisioning. Lenders can configure policies, interest rates, payment plans, billing cycles and fees for each customer. CanopyOS manages loan accounts, activity, product configurations, workflows and team access. Canopy Connect automates loan tasks; DataDirect produces reports; LoanLab simulates loan lifecycles; Preview assesses account changes; and SafeGuard supports calculation tests. The platform can automate borrower reminders, promotions and fee waivers. Its immutable ledger tracks changes, performs real-time calculations and supports retroactive events. APIs are described as low-code, with integrations including Amazon S3, BigQuery, Checkout.com, Dwolla, Galileo, QuickBooks, Salesforce, Stripe, Twilio and Zendesk. Pricing is paid and available 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.