Next 100: room to build your loan book.
For qualifying lenders with AUM up to ₹100 crore: ₹0 platform fee for up to 24 months from go-live. Loan management, collections, accounting and reporting for the book after approval.
When billing starts: at 24 months or after average monthly AUM exceeds ₹100 crore for two consecutive months, whichever is earlier. Rate: ₹1,000 per crore per month, plus taxes.
Migration is ₹1 lakh; bank integration ₹50,000, plus taxes. Fresh-licence waivers are in the terms. AI usage is optional and separately quoted.
Who qualifies
Four requirements. What you pay to start depends only on whether you bring an existing book.
- A lender anywhere: an NBFC in India, or a lender elsewhere with assets up to about USD 10 million
- AUM up to ₹100 crore at enrolment
- A fresh licence with no book yet qualifies, and pays nothing to start
- LSPs qualify when they service loan books. Total AUM across every lender on Lokta is what is measured
Not eligible
- Pure-play microfinance NBFCs
Two qualifying lenders enter implementation each month, reviewed in the order received. Once both windows are allocated, the next approved lender moves to the next available month.
Keeping the book in spreadsheets today? Read loan management for small lenders. Still waiting on the licence? Read loan management for new lenders.
Lending outside India? You are eligible on the same terms. The ceiling is about USD 10 million of assets or the local equivalent, in place of ₹100 crore, with the same 24 months and the same conditions. Write to contact@lokta.ai and tell us where you lend.
Included in the platform
Launch products, service accounts, collect repayments and understand your portfolio, without turning every change into a technology project.
Loan Management System (LMS)
Products, accounts, disbursements, schedules and the live repayment record.
Collections
Buckets, allocation and follow-up, on the same record as the loan.
Loan Accounting
Loan-level ledger and books, tied to the servicing record rather than reconciled to it.
Reporting and Analytics
Regulatory and investor reporting, portfolio signals and early warning.
Institutional controls
Maker-checker, roles and a full audit trail, at every AUM. The controls do not arrive with the invoice.
Partner management and APIs
LSP partner management, bureau reporting, and APIs to integrate what the book depends on.
Assemble the same capability yourself and it is a multi-vendor project with a team to run it. The programme prices it at zero while the book is small, because the machinery has to precede the obligation, not follow it.
Four steps to a reconciled book
Application to cutover. The last step waits on your balances, not on us.
- 1
You apply
Four questions about the entity and the book. No documents at this stage.
- 2
We qualify, then we talk
Registration and book size checked in the order applications arrive, with a reply within one business day, then one working conversation about your products, your policy and what the book does today.
- 3
Contract
Terms as published, in writing. Nothing conditional left to interpretation.
- 4
Parallel run, then cutover
Opening balances tied out, both systems side by side, and cutover only when your numbers match.
The complete programme terms
Eligibility, the free term and the rate that follows.
- Eligibility
- NBFCs with AUM up to ₹100 crore at enrolment. Excludes pure-play microfinance NBFCs.
- LSPs
- Total AUM across all lenders on Lokta is measured. Splitting books does not reset the threshold or the fee.
- Free term
- 24 months from go-live while AUM remains at or below ₹100 crore, measured the same way it is billed.
- Capacity
- Two assisted implementation starts per month. No minimums.
- Platform
- Products, accounts, disbursements, schedules, collections, loan accounting, reporting and analytics.
- Controls
- Maker-checker, roles and audit trail, at every AUM.
- Migration
- ₹1 lakh one-time, plus applicable taxes. A fresh licence with no book pays no setup or migration fee.
- Operations
- Bank integration ₹50,000 flat, plus applicable taxes, waived for a fresh licence that takes Lokta’s out-of-the-box payment gateway. Bureau reporting, email and phone support included.
- Billing
- Begins at the earlier of two events: AUM above ₹100 crore for two consecutive months, or the 24 months ending.
- AUM
- Average AUM for the calendar month, computed by the platform from the ledger it already runs. Principal outstanding, including write-offs, your co-lending share, and accounts assigned or securitised but still serviced on Lokta.
- AI
- Opt-in. An estimate before activation, billed on actual usage, and you can switch it off at any time.
- Hosting and data
- Hosted in-region on AWS. Your data is yours, exportable, and never used to train models for anyone else.
Pricing at the end of 2 years
Or earlier if the AUM threshold below is crossed.
₹1,000 per crore of AUM, per month
That is 1 basis point a month, plus applicable taxes. Not 1%.
The published rate begins when your average monthly AUM sits above ₹100 crore for two consecutive months, or when the 24-month term ends, whichever is earlier.
Lending outside India? The same Starter terms apply up to about USD 10 million of assets, or the local equivalent. The pricing page sets out all three tiers.
What lenders said
Lenders on the rate, and on what it buys.
On hearing the rate, ₹1,000 per crore of book a month
“It's a reasonable price.”
At the end of the demo
“You have covered all the pain points of a growing NBFC.”
On why Lokta starts after sanction
“The post-sanction area is the one which still today remains a grey area.”
After the portfolio dashboards
“This kind of concise and clear dashboard I never saw.”
On the partner and payout view
“Traditional systems never had something like this.”
On seeing bucket roll-back and roll-forward at account level
“My team takes half a day today just to get this data out manually.”
Asked when he wanted servicing automated
“At this point, I can start within a month.”
Apply for the next window
Four questions, and then we talk. We review applications in the order received and come back within one business day.
- Your eligibility and the next open window, within one business day
- No documents at this stage, and nothing to install
- Terms as published, in writing, before you commit to anything
Your application is in.
We review applications in the order received and will come back to you within one business day with your eligibility and the next available window. If it is easier to talk first, write to contact@lokta.ai or call +91 77958 37582.
Frequently asked questions
Who qualifies for Lokta Next 100?
NBFCs with AUM up to ₹100 crore at enrolment. Pure-play microfinance NBFCs are excluded. A fresh licence with no book yet qualifies and pays nothing to start. For an LSP, the total AUM serviced across every lender on Lokta is what is measured.
We lend outside India. Can we still apply?
Yes. The Starter terms on the pricing page open the same programme to lenders outside India, up to about USD 10 million of assets or the local equivalent, with the same 24 months and the same conditions. Write to contact@lokta.ai and tell us where you lend.
What does Lokta Next 100 cost?
The platform subscription is ₹0 for 24 months from go-live while AUM stays at or below ₹100 crore. After that, 1 basis point per month on AUM, which is ₹1,000 per crore of AUM per month, plus applicable taxes. AUM is the average for the calendar month, computed by the platform from the ledger it already runs. Migrating an existing book carries a flat one-time fee of ₹1 lakh, and bank integration is ₹50,000 flat, both plus applicable taxes. A fresh licence with no book pays neither. There are no minimums.
If the platform is free, are we the product?
No. The platform fee is zero for two years. You pay for metered AI you approve before it switches on, a flat one-time migration fee of ₹1 lakh if you bring an existing book, and bank integration at ₹50,000, both plus applicable taxes. A fresh licence pays no migration fee, and no bank integration fee when it takes Lokta’s out-of-the-box payment gateway. After the free years, 1 basis point per month on AUM. That is the whole model. Your book is hosted in-region on AWS, your data is yours, exportable, and never used to train models for anyone else.
Will a free platform carry regulatory weight?
Maker-checker, roles and the audit trail are in the programme, not behind an upgrade. The controls apply from the first loan and at every AUM.
What happens when our AUM crosses ₹100 crore?
Billing begins once your average monthly AUM sits above ₹100 crore for two consecutive months, so a single lumpy month does not start the meter. From then it is the published rate of 1 basis point per month on AUM, and it does not stop if the book later dips below ₹100 crore. The platform and agreed rate stay the same, with no renewal quote.
How does the migration work?
Opening balances are tied out, we run in parallel against your current system or process, your numbers are matched, and you cut over only then. Until cutover your current process keeps running.
Why only two lenders a month?
Every go-live is assisted by our team rather than handed over, and two is what we can do properly in a month. Applications are reviewed in the order received. Once both windows are allocated, the next approved lender moves to the next available month. The steps each start walks through are on the How we work page at /how-we-work/.
How the live book is protected during a move
Three commitments that keep the live book safe while you switch.
We run in parallel.
Your current process keeps running. You cut over only when opening balances reconcile line by line. If the numbers do not tie out, you do not cut over.
The agent cannot touch the ledger.
AI proposes. Your deterministic core decides every change, and the record proves it. AI is opt-in, metered, and you switch it off whenever you want.
We stay hands-on until you are live.
Our team works alongside yours until your first policy version is configured and reconciled in production, and stays on it through cutover.
The operating foundations behind a growing book
The foundations are diversified funding, a seasoned portfolio, named risk and treasury owners, and auditable operations. The programme covers the platform while the book is small, under the terms above.
Institutional debt and diversified funding
Lenders on the other side of the threshold are funded by institutions, not by a promoter and one bank line. Diversifying the liability side is the first thing a lender has to earn, and it is earned with a portfolio somebody else can underwrite.
A clean, seasoned portfolio
A book with vintage, measurable behaviour and a delinquency story that survives a diligence room. Seasoning cannot be bought or accelerated. It can only be recorded properly while it happens, which is where most small books lose the argument.
Named risk and treasury owners, with governance on the record
The question a lender is asked at this threshold is not whether the calls were good. It is whether anyone can see who made them, on what basis, and when. Named owners and a decision trail are what make that question answerable.
Collections and reporting on auditable systems
The operating machine. It is the one item on this list you can buy outright. Everything else has to be earned, and this is the one most often deferred until the book is already straining. This programme takes it off the list while the book is still small.
Why the programme exists
A small loan book still needs accurate accounts, reliable collections and a record its auditors can follow. Next 100 gives eligible lenders time to build that operating base before platform fees begin.