Frappe Lending vs Lokta
Frappe Lending
frappe.ioLokta
lokta.aiSide by side
| Figure | Frappe Lending | Lokta |
|---|---|---|
| Price from | $5/mo | Free |
| Free plan | Yes | Yes |
| Free trial | Yes | — |
| Open source | Yes | — |
| Web | Yes | Yes |
| Linux | — | Yes |
| API | Yes | Yes |
| Self-hosted | Yes | Yes |
| Plans published | 5 | 5 |
| Spec score · Loan Management Software | 9.0 (#2) | 8.9 (#3) |
| API | The product is described as end-to-end REST API compatible, and its API documentation shows POST endpoints for invoices, repayments and charge calculations. | Lokta documents a REST API with 314 endpoints grouped into 35 sections. |
| Collateral | Collateral can be categorized, assigned to loans, released, price-tracked and monitored for shortfalls. | Collateral management tracks assets, valuations and documents through the life of a loan. |
| Integrations | The eKYC India app provides two-way Digio integration for Aadhaar identity checks, electronic signatures and webhook status updates. | Ready integration examples include Digio, Cashfree, Gupshup, SMTP email, Tally and bureau reporting, while each provider is mapped and tested for the deployment. |
| Licence | The Frappe Cloud Marketplace identifies the Lending code as GNU GPL version 3 and attributes copyright to Frappe Technologies and contributors. | Lokta says it is a separate new codebase rather than an Apache Fineract fork or distribution, and no Lokta open-source licence is published on the reviewed pages. |
| Security controls | Frappe states that the platform includes role-based access, document versioning and audit logs. | Lokta describes Keycloak OIDC/OAuth2, tenant-scoped realms, role-based permissions, field-level authorization, maker-checker changes and replayable audit records. |
| Support | Frappe says its engineers handle bug-fix support through support portal tickets, while functional support is excluded from Product Warranty. | Starter includes bureau reporting, email support and phone support, while Enterprise offers dedicated engineering support. |
| What it does | Frappe Lending is a loan-management system covering lending from origination or booking through closure. | Lokta combines loan management, accounting, servicing, collections and reporting on one governed platform for banks, NBFCs, fintech lenders and lending service providers. |
Plans
Frappe Lending
- Self-hostFree
- Self-hostedFree
- Frappe Cloud Sites$5 a month
- Frappe Cloud Servers - Hetzner$20 a month
- Frappe Cloud Servers - Dedicated$60 a month
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
Frappe Lending
Frappe Lending is an open-source loan management system for financial institutions, NBFCs, and lenders. It covers loan origination, disbursements, repayments, and accounting, with support for home loans, business credit, consumer loans, term loans, and lines of credit. Users can define products with interest rates and repayment schedules, and track related collateral, guarantees, and securities. Described risk and compliance capabilities include days-past-due tracking, non-performing asset classification, and regulatory reporting. Integrated ledgers, invoicing, and tax handling are also included. Co-lending, loan transfers, custom workflows, and role-based permissions are supported. Frappe describes the system as customizable and API-first, with end-to-end REST API compatibility. Self-hosting is free under GPL-3.0. Frappe Cloud Sites cost $5 a month, billed onwards, with managed upgrades and backups on shared servers and no per-user pricing. Cloud access has a 14-day trial; a Frappe Cloud plan is required to continue afterward.
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.