Lokta vs Shaw Systems Spectrum
Lokta
lokta.ai
Shaw Systems Spectrum
shawsystems.comSide by side
| Figure | Lokta | Shaw Systems Spectrum |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Linux | Yes | — |
| API | Yes | Yes |
| Self-hosted | Yes | — |
| Plans published | 5 | 3 |
| Spec score · Loan Management Software | 8.9 (#3) | 7.9 (#7) |
| Integrations | Ready integration examples include Digio, Cashfree, Gupshup, SMTP email, Tally and bureau reporting, while each provider is mapped and tested for the deployment. | The FAQ names payment processors, originations systems, dialers, omnichannel communications vendors, statement and letter printers, email services, customer portals, and DocuSign as integration use cases or partners. |
| Rating on G2 | Lokta Core – Loan Management System is rated 4.5 out of 5 from 1 review. | 4.3 out of 5 from 6 reviews. |
| Support | Starter includes bureau reporting, email support and phone support, while Enterprise offers dedicated engineering support. | Active clients can use a password-protected Solution Center, submit issues through JIRA, and call for after-hours emergency product support. |
| What it does | Lokta combines loan management, accounting, servicing, collections and reporting on one governed platform for banks, NBFCs, fintech lenders and lending service providers. | Spectrum is Shaw Systems’ loan-servicing platform for managing servicing, collections, payments, lending CRM functions and related processes. |
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
Shaw Systems Spectrum
- Shaw$50,000, paid once
- Shaw Systems subscriptionPriced on request
- SubscriptionPriced on request
In their own words
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.
Shaw Systems Spectrum
Shaw Systems Spectrum has no write-up on Specifiction yet; its figures are above.