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Lokta vs Square 1 Credit Suite

Lokta

7.4#3 in loan management softwareFree plan
Free planWebAPILinuxSelf-hosted
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What both publish

FactLoktaSquare 1 Credit Suite
IntegrationsReady integration examples include Digio, Cashfree, Gupshup, SMTP email, Tally and bureau reporting, while each provider is mapped and tested for the deployment.The platform receives customer, loan, and deposit account data from a financial institution’s core system through nightly downloads and interfaces with document platforms including ComplianceOne and LaserPro.
SupportStarter includes bureau reporting, email support and phone support, while Enterprise offers dedicated engineering support.Suntell provides a ticket portal, knowledge base, community forum, and WebEx access through its support links.

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

Square 1 Credit Suite plans

  • Square 1 Credit SuitePriced on request

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.

Pick Square 1 Credit Suite if…

Square 1 Credit Suite is designed for community banks and credit unions managing commercial, commercial real estate, or agricultural loans. It may suit institutions seeking lending workflows alongside credit analysis and portfolio monitoring.

Charts they share