Programme Overview

Lokta announced the launch of Lokta Next 100, a programme that gives RBI‑registered non‑banking financial companies (NBFCs) with a loan book of up to Rs 100 crore access to its agentic loan‑servicing platform with no platform fee for the first 24 months. The initiative is aimed at smaller lenders that cannot afford to build an in‑house servicing stack.

Eligibility and Scope

The offer is limited to RBI‑registered NBFCs whose loan book does not exceed Rs 100 crore; pure‑play micro‑finance NBFCs are excluded. According to Lokta’s count of the RBI register, India has 8,315 NBFCs in lending categories, of which 458 sit above the RBI’s Rs 1,000 crore asset threshold and 7,739 remain in the base layer.

Platform Features

Lokta’s platform delivers end‑to‑end loan‑book management after approval, including servicing, a loan‑product studio, loan‑level accounting, regulatory and investor reporting, portfolio analytics, early‑warning signals, collections and recovery, partner management for Lending Service Providers, APIs and bureau reporting. A maker‑checker workflow records every change with dual approval. Migration runs in parallel with the lender’s existing system; cut‑over occurs only after line‑by‑line reconciliation of opening balances. Data remains hosted in India, is exportable at any time, and is never used to train external AI models. The AI component is optional, usage‑based, and cannot post to the ledger.

Pricing Structure

  • No platform fee for up to 24 months. Billing starts at the earlier of the loan book staying above Rs 100 crore for two consecutive months or the end of the 24‑month term.
  • Post‑free‑period fee: 1 basis point per month on the outstanding book, equivalent to Rs 1,000 per month for every Rs 1 crore, or roughly 0.12 % per year. On a Rs 100 crore book this equals Rs 12 lakh per year.
  • One‑time charges: Rs 1 lakh for migration and Rs 50,000 for bank integration, both plus taxes. For lenders receiving a fresh licence, the integration charge is waived.

Roll‑out Plan

Lokta will onboard two lenders per month in the order applications are received, providing assisted go‑live rather than a self‑serve model. The company states that its revenue will grow only when the lender’s book grows, emphasizing a “wait‑to‑get‑paid” approach.

Geographic Expansion

The programme is open to RBI‑registered NBFCs today, with plans to extend the offering to lenders in Asia‑Pacific and Africa in the coming weeks.

Timing and Market Context

The launch is timed ahead of the Global Fintech Fest in Mumbai scheduled for the following week. Applications are accepted at lokta.ai/next-100.

About Lokta

Lokta describes itself as an agentic loan‑servicing platform that runs a loan book after approval, covering servicing, monitoring, collections and recovery. The AI component only proposes actions; the deterministic core, governed by the lender’s policy, decides every change. Lokta does not originate, underwrite or approve loans. Founded in Bengaluru in 2026, the company is self‑funded and includes a co‑creator of Mifos X and Apache Fineract, the open‑source lending engine. Legal entity: Lokta Fintech Pvt Ltd, CIN U62013KA2026PTC226046.

Data Source Note

All NBFC counts are a direct count of the RBI’s List of NBFCs and ARCs as of 30 June 2026. The register provides classification and regulatory layer but not asset size; Lokta’s figure of 458 NBFCs above the Rs 1,000 crore layer is derived from its reading of RBI classifications. The full methodology and counted file are available to reporters at lokta.ai/next-100.

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