Finastra Loan IQ vs LendingWise
Finastra Loan IQ
finastra.comLendingWise
lendingwise.comSide by side
| Figure | Finastra Loan IQ | LendingWise |
|---|---|---|
| Price from | — | $119/mo |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Self-hosted | Yes | — |
| Plans published | 1 | 4 |
| Spec score · Commercial Loan Software | 7.3 (#6) | 7.7 (#3) |
| Audience | Finastra says Loan IQ is used by banks, third-party asset servicers, and private credit lenders. | The platform is built for private and commercial lenders or brokers and supports loan types including bridge, fix-and-flip, rental/DSCR, construction, CRE, business funding, SBA, MCA, and equipment. |
| Company history | Finastra was formed in 2017 through the integration of Misys and D+H. | The company says it rebranded and launched the LendingWise LOS and CRM platform in 2017, after an earlier marketplace business began in 2006. |
| Founded | 2017 | 2017 |
| Product | Loan IQ is Finastra’s commercial loan servicing platform for automating loan servicing and managing lending portfolios centrally. | LendingWise describes itself as an AI-powered platform for the loan lifecycle, combining CRM, loan origination, servicing, draw management, fund management, and integrations. |
| Security | Finastra says its Lending Cloud Service offers protection against security and technology risks. | LendingWise says it is hosted 100% on AWS, aligned with SOC 2 and PCI compliance, and that customer data is encrypted and backed up daily. |
Plans
LendingWise
- Starter Trial$119 a month
- Pro Trial$600 a month
- Elite Trial$1,595 a month
- EnterprisePriced on request
In their own words
Finastra Loan IQ
Finastra Loan IQ is a commercial loan servicing platform for banks, third-party asset servicers, and private credit lenders. It centralizes lending portfolios and supports onboarding, servicing, syndication, and trading across the loan lifecycle. Supported lending includes SME, bilateral, middle-market, complex, syndicated, SBA, asset-based, commercial real estate, project finance, and export finance loans. It handles payment-in-kind interest, non-pro-rata structures, unitranche facilities, and club deals. Payment scheduling, a borrower portal, and API access are available. Loan IQ Nexus links internal and external systems through Finastra-maintained open APIs. Deployment can be on premises or container-based cloud, with hosting through Finastra Lending Cloud Service, which uses Azure capabilities and OpenAPIs. Finastra describes built-in controls and automation for reducing errors and manual intervention. Preferred Active Support includes priority case management, dedicated experts, diagnostic sessions, and pre- and post-go-live checks. Pricing is on request.
LendingWise
LendingWise has no write-up on Specifiction yet; its figures are above.