Lokta Opens Its Agentic Loan Servicing Platform to NBFCs Up to Rs 100 crore, with No Platform Fee for Up to Two Years
Lokta, an agentic loan servicing platform, has launched a program offering free technology access to small NBFCs with loan books under Rs 100 crore. The initiative aims to reduce the high operational costs of building in-house lending software for smaller financial institutions.
Why it matters
It lowers the barrier to entry for small-scale lenders, potentially increasing financial inclusion by allowing smaller NBFCs to operate more efficiently without heavy tech overhead.
Lokta is the agentic loan servicing platform: software that runs a loan book after approval, covering servicing, monitoring, collections and recovery. The AI proposes, the lender’s deterministic core decides, and every change is recorded. Lokta does not originate, underwrite or approve loans. Founded in Bengaluru in 2026 and self-funded. Its team includes a co-creator of Mifos X and Apache Fineract, the open-source lending engine built with the Mifos Initiative community. Lokta Fintech Pvt Ltd, CIN U62013KA2026PTC226046.
On Lokta’s count of the Reserve Bank of India’s register, India has 8,315 non-banking financial companies registered in categories that lend. Just 458 of them are placed above RBI’s base layer on the Rs 1,000 crore asset threshold alone. A further 7,739 sit in the base layer and carry many of the same obligations on a fraction of the budget.
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