Loan Management for NBFCs
Loan management system for NBFCs in India
Lenders run the live loan book on Lokta from disbursal through repayment, collections, recovery, and closure. Co-lending partners, payments, classification, accounting events, approvals, and audit evidence stay on one account record.
Illustrative evaluation scenario
Follow one co-lending repayment through the books
Use demonstration data and the partner waterfall agreed for your loan.
Identify the receipt
Match it to the loan and payment reference. Route unmatched or duplicate receipts to an owned exception queue.
Apply the configured rules
Inspect how the receipt is allocated to obligations and partner shares under the agreement effective for that loan.
Inspect settlement and accounting
Compare loan balances, partner statements and accounting entries. Distinguish an allocation from a confirmed cash settlement.
Reverse and reconcile
Test a reversal with the required approval. Keep the original event, correction and unresolved differences available for review.
Match the LMS evaluation to the book you run
Start with your product mix, partner model and the work your operations team needs to do.
| Your operating need | Evaluate | Ask to see |
|---|---|---|
| A book with complex repayment rules | Loan Management and product configuration | A partial payment, rate change and closure reconciled to your expected schedule |
| Co-lending or multiple funding partners | Partner shares, allocation and settlement | A repayment and reversal carried through both partner ledgers |
| Servicing queues on a migrated book | AI Loan Servicing with explicit event ownership | A query resolved from source records, with approvals and exceptions visible |
| New origination or underwriting | Your existing LOS or another origination provider | An approved-loan handoff contract; Lokta Loan Origination remains roadmap |
More routes for your NBFC evaluation
Book under ₹100 crore and still in Excel? Start with loan management for small lenders and NBFCs. Licence on its way, or a new unit? See loan management for new lenders and NBFCs.
What NBFC loan management software should do
A useful NBFC LMS does more than calculate an EMI. It keeps the borrower, loan, funding partner, payment, SMA and NPA classification, accounting entry, approval, and audit trail consistent as the book changes. Lokta adds governed agents to that deterministic core so routine work can run faster without letting a model become the ledger.
Scope: Partner share and settlement for co-lending, the live book from repayment through recovery, approvals and audit evidence at defined control points, and agents that work inside policy boundaries.
This is the NBFC brief. The parent page, Lokta’s loan management system, carries the full specification and the product builder.
Curious how this compares? See best LMS for NBFCs for a sourced shortlist and questions to put to each vendor.
Running a procurement? The NBFC LMS RFP evidence map sets out requirements and acceptance gates.
Partner-sourced loans carry their own record. Sourcing partner management holds the roster, the effective-dated agreement, loan attribution and the fee cycle.
Core capabilities
Everything the live book needs in one operating model
Use Lokta as the loan system of record or connect it to the systems already in place.
Loan products and schedules
Configure terms, rates, charges, moratoriums, repayment schedules, disbursals, closures, and product-specific rules on the loan record.
Co-lending and partners
Hold every funding partner as an entity, configure shares and waterfalls, and keep partner exposure, allocation, and settlement attached to the account.
Payments and reconciliation
Connect mandates and payment rails, classify returns, apply receipts, manage suspense, and reconcile the operational and accounting record.
Delinquency and collections
Derive DPD, segment the book, assign work, record contact and promises, track recovery, and preserve the path from arrears to resolution.
Classification and accounting
Run configurable asset-classification rules and generate accounting events from the same loan state that operations uses.
Approvals, audit, and reporting
Control consequential actions with roles and maker-checker, retain before and after evidence, and produce portfolio and partner-level reporting.
The operating lifecycle
Configure once. Run every account from the same record.
Configure
Define the product and partner model
Terms, pricing, charges, schedules, funding shares, accounting treatment, approvals, and servicing policy.
Run
Operate every live account
Disbursal, repayment, mandate, charge, communication, document, restructure, and closure on one record.
Reconcile
Keep cash, partners, and the loan aligned
Apply receipts, resolve exceptions, split partner share, and carry evidence into settlement and accounting.
Recover
Move arrears to resolution
DPD, classification, collections strategy, promises, recovery, write-off, and post-write-off tracking.
Governed AI
Governed autonomy, with a deterministic control plane
The architecture is simple: agents do the work that needs context; the core keeps authority over money and loan state.
- 01
Agents propose from the current loan, partner, payment, and policy context.
- 02
Deterministic rules check whether the action is allowed and what approval it needs.
- 03
A named person approves money movement, loan-state changes, or exceptions when policy requires it.
- 04
The system executes the approved action and keeps the inputs, decision, and result on the record.
Deployment and integration
Start above the current core, or move one book at a time
Lokta can be the loan system of record or operate as a connected servicing and operations layer. The implementation defines ownership for every event, field, approval, and exception before production cutover.
- Lender-specific mappings and acceptance tests for any existing LOS, LMS, CBS, payment, bureau, or communication system
- Single-tenant deployment and tenant-level data boundaries
- Migration rehearsal, reconciliation, rollback, and signed acceptance gates
Built by lending infrastructure operators
What we would build if we started today
The team behind Lokta helped build Apache Fineract, then built and scaled a commercial lending platform on those foundations. Lokta is what we would build if we started today: agent-native from the ground up.
Regional operating briefs
Bring your local operating context into the evaluation
Explore the questions, servicing scenarios and evidence to request for your lender’s footprint.
- Maharashtra
Branch servicing, product-level controls and head-office finance.
- Delhi NCR
Lender, partner and borrower handoffs across a shared operating region.
- Kolkata
Business-loan servicing, borrower requests and controlled exceptions.
NBFC loan management questions
Scope, co-lending, regulation, integration, and origination.
What is loan management software for an NBFC?
Loan management software is the system that runs a loan after sanction and disbursal. For an NBFC, it should manage products, schedules, interest and charges, repayments, mandates, reconciliation, delinquency, collections, restructuring, write-off, recovery, classification, accounting events, approvals, audit, and reporting.
What makes Lokta different from a traditional NBFC LMS?
Lokta combines a deterministic loan core with agents built to operate the live book. Agents can assist or automate servicing, collections, reconciliation, and portfolio work, while policy checks, maker-checker, and an account-level evidence trail control consequential actions.
Does Lokta support co-lending?
Yes. Lokta models funding partners, originator and co-lender shares, distribution waterfalls, partner exposure, repayment allocation, settlement, and reconciliation as part of the loan and accounting model. Exact structures are configured during implementation.
Read what the 2025 Co-Lending Directions require after disbursal
Can Lokta make an NBFC RBI compliant?
No software vendor can grant regulatory compliance. Lokta can support the controls, calculations, records, approvals, audit evidence, and reports an NBFC uses to meet its obligations. The regulated entity remains responsible for policy, interpretation, filing, oversight, and conduct.
Does the loan book move off our existing core banking system?
Yes. Lokta is the system of record for the loan book, so the book moves onto Lokta’s ledgers through a migration. Anything else the core holds stays there, connected where the deployment needs it. Field direction, event ownership, reconciliation, cutover, and failure handling are agreed and tested during implementation.
Does Lokta also include loan origination?
Loan Origination is on the roadmap and is not available now. No release date is published. An NBFC can use Lokta Loan Management and AI Loan Servicing with its existing origination system.