Apache Fineract
7.6#1 in core banking softwareFree planFree planWebAPILinuxmacOS
VisitApache Fineract vs Lokta
What both publish
| Fact | Apache Fineract | Lokta |
|---|---|---|
| API | Fineract is headless and exposes a REST-style platform API under the /api/v1 path. | Lokta documents a REST API with 314 endpoints grouped into 35 sections. |
| Deployment | Official materials describe cloud deployment, on-premises deployment and headless mobile access through third-party applications. | Lokta describes AWS, Azure, Google Cloud, on-premises and customer-VPC deployments, with Docker images available for private deployment. |
| Integrations | Documentation describes configurable Kafka support for remote job execution and external events, and provides a Keycloak example for OAuth testing. | Ready integration examples include Digio, Cashfree, Gupshup, SMTP email, Tally and bureau reporting, while each provider is mapped and tested for the deployment. |
| Loan management | Loan portfolios support configurable products, repayment schedules, charges, write-offs and lifecycle processing. | The LMS maintains loan schedules, dues, balances and repayment histories on a shared loan record. |
| Product configuration | The site lists flexible financial product configuration, KYC documentation support, configurable business rules and workflows, repayment recognition, and portfolio tracking. | Loan Product Studio has Build, Simulate, Sign-off, Integrate and Pilot stages for configuring and testing products before activation. |
| Rating on G2 | 4.3 out of 5 from 6 reviews | Lokta Core – Loan Management System is rated 4.5 out of 5 from 1 review. |
Apache Fineract plans
- Apache FineractFree
Lokta plans
- Lokta Next 100Free
- Starter (Lokta Next 100)Free
- Lokta Next 100 after free term₹1 a month
- Scale-up$100 a month
- EnterprisePriced on request
Pick Apache Fineract if…
Apache Fineract suits solution providers building core banking systems for financial institutions, including banks, credit unions, microfinance organizations, and non-banking financial institutions. It is relevant to organizations that need configurable loan and savings management, real-time accounting, and APIs for custom interfaces.
Pick Lokta if…
Lokta is for banks, NBFCs, fintech lenders, and lending service providers managing loans after approval. Its supported loan books span consumer, vehicle, property, business, and supply-chain finance.