Lenviq review
An accounting-led lending platform for Indian NBFC loan operations.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
Lenviq is a cloud-based web lending platform from FastLegal Technologies Private Limited for Indian non-banking financial companies and other lending institutions. It combines loan origination, servicing, collections, accounting, document generation and RBI-oriented reporting. Supported lending products include personal, business, vehicle, property, gold, cash credit and overdraft loans. The workflow runs from lead capture through disbursement and includes borrower and collateral records, repayment schedules, receipts, part payments and foreclosure handling.
Accounting and regulatory operations are the product's clearest strengths. Lenviq provides nightly interest accrual and charge calculation, collections allocation, field collection and offline mobile workflows. It also supports DPD, SMA, IRAC classification, provisioning and NPA movement. Its double-entry accounting covers GST, TDS, trial balance, profit and loss, and balance sheet reporting. Loan documents include agreements, KFS, schedules, mandates and statements, giving lenders a broad operational layer rather than a tool focused only on origination or servicing. Pricing is contact-sales, so lenders should expect a sales-led buying process.
Lenviq fits institutions that want lending workflows and finance controls in one system, particularly where accounting and loan classification are central requirements. Role-based access, tenant isolation, two-factor authentication and append-only audit trails support controlled operations. The listed ecosystem connections cover credit bureaus, eNACH, eSign and CKYC, while deployment is limited to the web. The vendor's security page states that Lenviq has no ISO 27001, SOC 2 or PCI DSS certification. Lenders requiring those certifications, broader integrations or a more publicly documented platform may prefer an alternative; accounting-focused Indian lenders should consider Lenviq.
Lenviq pros and cons
- Where it wins
- Covers origination, servicing, collections and disbursement workflows
- Double-entry accounting includes GST, TDS, P&L and balance sheet
- Supports IRAC, provisioning, NPA movement and audit trails
- Where it doesn't
- Pricing requires contacting sales
- Runs on the web with cloud deployment
- No ISO 27001, SOC 2 or PCI DSS certification
Lenviq fact sheet, pricing and score →
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