Keep every LAP tied to its property.
A LAP is a business loan with a property behind it. The risk is the borrower's cash flow; the cover is a security whose value, title and insurance keep moving. AI agents read both every day. What happens to the loan or to the security is your policy's call, signed by a named approver.
30 minutes with the product team. No generic demo.
Loans against property, on a platform built by the team behind Apache Fineract, the world's #1 open-source lending core.
A business loan on a property. Both halves run on your rules.
The borrower is a business, so Lokta services a LAP as one. The security is a property, and its rules are yours: the LTV matrix, the end use, the CRE classification. Home loans share the property spine; the rules are LAP's own.
- LTV is your own matrixProperty type against usage, set by you, less the geography grade on the property.
- End use decides which rules bindBusiness end use and borrower constitution fix the obligations recorded against the loan at sanction.
- Commercial use changes provisioningCRE derives from property and business use, with its own provisioning consequence.
The security keeps changing too.
- Value and LTV against the exposureUsable value against the applicable cap, restated as values move and on every event that forces a revaluation.
- Documents and CERSAIRegistration and release on 30-day clocks, deed and MODT status, custody of every original with its movement log.
- Insurance expiryA countdown per property; a lapse starts a staged renewal, not a note in a queue.
- Top-up and linked exposure on the same securityDedupe on registry keys, then top-up or a dropline OD on the same collateral, gated on LTV and total exposure.
- EnforceabilityPerfected, insured and correctly valued, or the security is not worth enforcing against; a lapse stages an action, force-place included.
- ReleaseAt closure, CERSAI release and document return each start a 30-day clock; part-release runs as a staged action.
Read the business and the property on one account.
A LAP goes bad when the business behind it does, and gets expensive when the property is not what the file says. Agents read both on every account, every day: receipts and the mandate on the borrower; LTV, title, insurance and custody on the property.
See what the servicing agents doThe same missed instalment. Two different books.
| Both missed the same instalment | Account A | Account B |
|---|---|---|
| Business receipts | Down this month | Falling, month after month |
| Bureau | Clean | Stress showing on other lines |
| Collateral value | LTV healthy on a current valuation | Valuation stale |
| Documents | Complete | Title in dispute |
| What the agent stages | A call and a review date | Early intervention, and the collateral clock started: a revaluation staged for an approver |
Account A
- Business receipts
- Down this month
- Bureau
- Clean
- Collateral value
- LTV healthy on a current valuation
- Documents
- Complete
- What the agent stages
- A call and a review date
Account B
- Business receipts
- Falling, month after month
- Bureau
- Stress showing on other lines
- Collateral value
- Valuation stale
- Documents
- Title in dispute
- What the agent stages
- Early intervention, and the collateral clock started: a revaluation staged for an approver
You stay in command.
Agents prepare the next action and a named approver decides it. A control that cannot be evidenced stops the workflow rather than being waived through.
- Agents stageA revaluation, a part-release, a CERSAI update, a force-place on a lapse: staged, never executed.
- A named approver decidesAccept, reject or send back; nothing touching money or the security moves on one click.
- Gates fail closedLTV, blacklisted geography, dedupe and total exposure; a failing gate names itself.
Three more controls on the collateral
- Part-release re-testsReleasing one property re-runs the LTV test on what remains, before the action is staged.
- Obligations fixed at sanctionWhich dated rules bind a loan is computed once and stored; two loans days apart can carry different rights.
- One dossier, two viewsThe loan view and the portfolio register read the same dossier, so they cannot drift.
30 minutes with the product team. No generic demo.
Everything you expect from an LMS on a LAP book, before any of the above.
The differentiated part sits on a plain one. Six things Lokta's loan management system does on every LAP account, stated so you can tick them off.
- Schedules and reschedulesEMI, part-payment and moratorium; instalment, rate, tenure and due-date changes; reversal, cancellation and slab-based foreclosure charges.
- Co-applicants and linked loansRepayment split across co-applicants under separate mandates; classification by customer, so one NPA marks every loan the borrower holds.
- NACH, PDC and SPDCPresentation, in-process accounting and bounces, with the charge posted on the bounce.
- Tranches, broken periods, IMDTranche disbursement with PEMI, broken-period interest, IMD carried against the application then the loan.
- Charges and classificationFees and penal charges under the 2024 directions; DPD, SMA and IRAC stages, provisioning and Ind-AS, from the record.
- Statements, bureau and accountingStatements, NOCs and KFS on demand; bureau connector; double-entry posting to mapped GL heads with the audit trail.
Five operating challenges decide whether growth becomes return.
These are published figures, not ours, and each is paired with the control that answers it.
- 01
Early risk
5 of 6 peers whose gross NPA worsened between FY24 and FY25
A company-level average hides where the risk is forming.
So Lokta resolves stress to branch, cohort and account while it is still early.
CRISIL Intelligence, FY24-FY25 peer set - 02
Collections
15.7% 0+ DPD against 1.79% gross Stage 3 at one lender, FY25
Low eventual loss conceals a large early-bucket workload.
So Lokta ranks the accounts, then tracks whether each promise was kept and evidenced.
One listed LAP lender, FY25 disclosures - 03
Branch relationship-manager attrition
45-65% disclosed annual employee turnover, the closest public proxy
A branch takes years to build its book, and the manager holding the context rarely stays that long.
So Lokta keeps the account context, so a successor does not start from zero.
Employee-turnover disclosures of four LAP lenders - 04
Collateral control
₹5,000 a day for lender-attributable delay returning documents past 30 days
Title, value, custody and enforceability keep changing after disbursal, and ownership of them crosses teams.
So Lokta holds the state, the clocks and the evidence in one place.
RBI responsible-lending directions; CERSAI framework - 05
Retention
2.5-10% disclosed balance-transfer out, rising with how bankable the borrower is to a cheaper lender
Exit friction is declining, and the borrowers a cheaper lender will take are the seasoned ones.
So Lokta turns a leaving signal into a save action an approver can decide.
Balance-transfer disclosures of five housing and LAP lenders
Comparing systems first?
One platform, configured for loans against property.
The same loan management system, servicing agents and lending ontology run every book; on this one the policy and the workflow are shaped for business lending secured on property. How control works, where it runs, and how it differs from a record-keeping LMS are on the Solutions page, said once.
What lenders ask first.
What does Lokta do on a LAP book after approval?
It defends the security for the life of the loan. Agents hold the CERSAI, document and insurance clocks, restate LTV as values move, and stage every property action for your approver to decide. Credit decisioning and underwriting stay with you.
Does this cover micro-LAP and MSME property loans?
Yes. Small-ticket property loans to proprietors and traders are serviced as the business loans they are: co-applicants and guarantors, linked loans classified by customer, NACH with PDC and SPDC, rescheduling, and a dropline OD on the same security. Same property spine, business-loan servicing engine.
Why does the document-return clock matter so much?
Under RBI's Responsible Lending Conduct directions, September 2023, original property documents go back within 30 days of full repayment; if the delay is yours, you owe the borrower ₹5,000 a day. Business-purpose LAP sits outside it, but the same clock is worth running.
What stops the same property being pledged twice?
Three controls together: a CERSAI search, a check against your collateral registry on the keys that identify a property in land records, and the title and encumbrance checks. The registry check blocks rather than warns; double-pledging is the classic fraud on this book.
Do we have to replace our LOS, our underwriting or our LMS?
Not your LOS and not your credit decisions: Lokta runs the book after approval and takes the sanctioned terms as given. Not your LMS either, unless you want to. The servicing agents run on the core you already have, connecting to it for borrower and loan context and staging work into it; a book can move onto Lokta's own loan management system when you are ready, one book at a time.
What happens after we show you our book?
Thirty minutes with the product team on your LAP book: how custody of the originals works today, what triggers a revaluation, and how CERSAI registration and release are tracked. We reply inside a business day. Where the fit is wrong we say so, and say why.
Bring us one difficult workflow.
Your LAP book, micro to prime, how you hold custody of the originals today, and what a revaluation costs you in practice. You get a straight read on fit and direct access to the founding team.