AFSVision vs Lokta

AFSVision7.7Visit Lokta6.9Visit

Higher score AFSVision #3 in Loan Management Software 7.7/10 Pricing on request ✓ 2 of 3 features Visit AFSVision

vs

Lokta #7 in Loan Management Software 6.9/10 From ₹1,000/mo ✓ 3 of 3 features Visit Lokta

• AFSVision fits best

  Large institutions with complex commercial lending

• Lokta fits best

  Indian lenders seeking configurable loan operations

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Side by side

Feature	AFSVision 7.7/10 Visit ↗	Lokta 6.9/10 Visit ↗
At a glance
Editor score	7.7	6.9
Ranking	#3 in Loan Management Software	#7 in Loan Management Software
Best for	Large institutions with complex commercial lending	Indian lenders seeking configurable loan operations
Pricing model	Paid	Paid
Starting price	Not published	Not published
Free plan	Not published	—
Free trial	—	—
Deployment	Cloud, Self-hosted	Cloud, Self-hosted
Platforms	Web, iOS, Android	Web
Support	Email, Docs · 24/7	Email, Phone, Docs
Integrations	7 integrations	8 integrations
Built for	Mid-market, Enterprise	Mid-market, Enterprise
Features AFSVision 2/3 · Lokta 3/3
Payment scheduling	✓	✓
Borrower portal	Not published	✓ (best)
API access	✓	✓
Specs
Deployment	Both	Both
Interest calculation	Both	Both
Loan types supported	commercial and industrial, commercial real estate, small business, SBA, agriculture, asset-based, construction, middle-market, wholesale, syndicated, wealth management	Personal loans, consumer durable and BNPL, vehicle and EV loans, home loans, loan against property, business/MSME loans, supply-chain and invoice finance
Our review
Pros	Covers origination, servicing, accounting, collateral, covenants, and syndication Supports commercial, real estate, SBA, agriculture, and specialty lending Offers web, mobile, API, hosted private cloud, and self-hosted deployment	190-parameter builder supports configurable retail loan products Event-sourced ledger covers servicing, accounting, and audit trails Integrates with NACH, UPI, bureaus, banking, and borrower channels
Cons	Uses contact-sales pricing rather than published plan tiers Its extensive scope may exceed the needs of smaller lending teams Borrower self-service portal availability is not clearly established	Free term is limited to eligible NBFCs in an application-only programme Migration and bank-integration fees are separate from the subscription AI agents propose actions within approval and policy controls
Our verdict	AFSVision is a commercial lending software platform from Automated Financial Systems, LLC (AFS). It is designed for banks, private lenders, and other financial institutions managing complex portfolios across commercial and industrial,… Read the review →	Lokta is a loan servicing and management platform for banks, NBFCs, fintech lenders, and lending service providers. It focuses on post-approval operations, including repayment schedules, payments, prepayments, rate resets, restructures,… Read the review →

Strengths and trade-offs

• AFSVision — where it wins

  • Covers origination, servicing, accounting, collateral, covenants, and syndication
  • Supports commercial, real estate, SBA, agriculture, and specialty lending
  • Offers web, mobile, API, hosted private cloud, and self-hosted deployment

  Where it doesn't

  • Uses contact-sales pricing rather than published plan tiers
  • Its extensive scope may exceed the needs of smaller lending teams
  • Borrower self-service portal availability is not clearly established

• Lokta — where it wins

  • 190-parameter builder supports configurable retail loan products
  • Event-sourced ledger covers servicing, accounting, and audit trails
  • Integrates with NACH, UPI, bureaus, banking, and borrower channels

  Where it doesn't

  • Free term is limited to eligible NBFCs in an application-only programme
  • Migration and bank-integration fees are separate from the subscription
  • AI agents propose actions within approval and policy controls

• AFSVision7.7/10 · Pricing on request

  A broad commercial lending system for institutions managing complex loan portfolios.

  Visit AFSVisionFull verdict →
• Lokta6.9/10 · From ₹1,000/mo

  A configurable platform for servicing, collections, accounting, and controls across loan operations.

  Visit LoktaFull verdict →