Lokta vs Square 1 Credit Suite
Lokta
lokta.aiSquare 1 Credit Suite
suntell.comSide by side
| Figure | Lokta | Square 1 Credit Suite |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Linux | Yes | — |
| API | Yes | — |
| Self-hosted | Yes | — |
| Plans published | 5 | 1 |
| Spec score · Loan Management Software | 8.9 (#3) | 7.3 (#19) |
| 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 platform receives customer, loan, and deposit account data from a financial institution’s core system through nightly downloads and interfaces with document platforms including ComplianceOne and LaserPro. |
| Support | Starter includes bureau reporting, email support and phone support, while Enterprise offers dedicated engineering support. | Suntell provides a ticket portal, knowledge base, community forum, and WebEx access through its support links. |
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
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.
Square 1 Credit Suite
Square 1 Credit Suite has no write-up on Specifiction yet; its figures are above.