1. The Problem Roopya Solved
Every lender entering the Indian market faces the same brutal reality: before they can disburse a single rupee, they must build or buy a technology stack that handles loan applications, KYC verification, credit bureau pulls, income assessment, fraud checks, loan agreements, NACH mandates, repayment tracking, NPA management, collections, and regulatory reporting.
The cost of building this stack in-house runs between ₹8 crore and ₹25 crore, takes 18–36 months, and requires a 40–80 person engineering organisation to maintain. Buying an established lending software product costs ₹30–80 lakhs in licence fees per year, with customisation costs often exceeding the licence itself. And every vendor adds another 6–18 months of integration and UAT.
This is the problem Roopya was built to solve.
Roopya’s founding team has collectively built lending technology for some of India’s largest NBFCs and banks. They experienced this problem firsthand — and spent three years building the solution that every lender deserves but none could afford to build alone.
2. What Roopya Actually Built
Roopya is not a white-label product built on top of other vendors. It is ground-up engineering purpose-built for the Indian lending regulatory environment. Every module was designed to handle the specific compliance requirements, data formats, and integration patterns of Indian financial services.
The Roopya platform covers the complete lending lifecycle — from the moment a lead enters the system to the final closure of a loan account, including NPA resolution. Every stage of this lifecycle is supported by pre-built workflows, automated compliance checks, and data integrations that would take an in-house team years to replicate.
Roopya’s approach is simple: lenders should be in the business of lending, not the business of building lending software. We did the engineering so you never have to.
3. Everything That’s Included — At Zero Cost
Every feature listed below is included in the Roopya platform at no additional charge. There is no tiered pricing for advanced features, no module-level add-ons, and no enterprise upcharge for compliance capabilities.
Loan Origination System (LOS) — Complete Module List
Multi-Channel Application Capture
Web, mobile, branch, DSA, co-lending partner, and API-driven loan applications.
Configurable application forms per product type with conditional field logic.
Free
Digital KYC & eKYC
Aadhaar OTP eKYC, Aadhaar Offline XML, PAN verification, PAN-Aadhaar link check, CKYC
lookup and upload — all pre-integrated and RBI-compliant.
Pre-Integrated
Face Match & Liveness Detection
Active liveness with blink/head-turn prompts. Face comparison against Aadhaar photo.
>99.5% accuracy on Indian faces. Prevents replay and spoofing attacks.
Pre-Integrated
Document OCR & Extraction
Auto-extract data from PAN, Aadhaar, DL, passport, GST certificates, ITR, Form 16, salary
slips, and rent agreements. Cross-validate against declared data.
Free
Multi-Bureau Credit Pull
Pull from CIBIL, CRIF High Mark, Experian, and Equifax with smart routing and automatic
fallback. Unified normalised response. 24-hour response caching.
Pre-Integrated
Bank Statement Analysis
Parse 3–12 months of bank statements via Account Aggregator or PDF. Extract income,
obligations, bounce history, cash patterns. 100+ transaction categories.
Pre-Integrated
Fraud Detection Engine
Device intelligence, mobile number verification, blacklist screening (RBI, SEBI, PMLA),
deduplication, income fraud forensics — all running in sequence automatically.
Pre-Integrated
No-Code Credit Policy Engine
Define approval rules, risk tiers, LTV ratios, FOIR limits, and score cutoffs for each
loan product without writing a single line of code. Change rules in minutes.
Free
Automated Credit Scorecard
Bureau score, income score, behavioural score, and custom scorecards using a weighted
combination of all data signals. Explainable AI outputs for RBI audit.
Free
Digital Loan Agreement & eSign
Auto-generate loan agreements, sanction letters, and schedules from templates.
Aadhaar-based eSign compliant with IT Act 2000. Legally enforceable documents.
Pre-Integrated
Video KYC (V-CIP)
Asynchronous and live-agent Video KYC. RBI-compliant V-CIP. Used for full-KYC products.
Integrated into the origination workflow at the correct stage automatically.
Pre-Integrated
Bank Account Verification
Penny drop and reverse penny drop to verify disbursal and repayment accounts. Name match
against borrower KYC data before any fund transfer.
Pre-Integrated
DSA / Channel Partner Portal
Dedicated login for DSAs, connectors, and sourcing partners. Lead assignment, commission
tracking, status visibility, and performance dashboards.
Free
Underwriter & Credit Team Workflow
Configurable approval queues, underwriter assignment, deviation management, L1/L2
escalation, and case notes with full audit history.
Free
Consent Management Module
DPDPA 2023-compliant consent capture for every API category (bureau, KYC, bank
statement). Timestamped, IP-logged, and auditable consent records.
Free
Loan Management System (LMS) — Complete Module List
Disbursement Engine
Automated and manual disbursement via NEFT, RTGS, IMPS, and UPI. Multi-tranche
disbursement for construction and milestone-linked loans. Disbursement reconciliation.
Free
Repayment Schedule Engine
EMI, bullet, moratorium, reducing balance, flat-rate, and step-up/step-down schedules.
Auto-recalculation on prepayment, rate changes, and restructuring.
Free
NACH / eMandate Management
Setup, present, and track NACH mandates via NPCI’s NACH infrastructure. Handle bounces,
representation logic, and mandate amendments automatically.
Pre-Integrated
Delinquency & DPD Tracking
Real-time DPD (Days Past Due) computation across the portfolio. Automatic bucket movement
(SMA-0, SMA-1, SMA-2, NPA D1, D2, D3). RBI-compliant NPA classification.
Free
Collections Workflow
Configurable collections queues by DPD bucket. Caller assignment, call disposition
tracking, promise-to-pay management, and field collections agent app.
Free
Loan Restructuring Module
Handle moratorium extension, EMI reduction, tenure extension, interest waiver, and
one-time settlement. Auto-generate revised agreements and NACH amendments.
Free
Pre-Payment & Foreclosure
Handle part-prepayment with schedule recalculation, foreclosure quotes with charges, and
full settlement. Generate NOC and closure certificates automatically.
Free
Periodic Re-KYC
RBI-mandated re-KYC automation — trigger schedule based on risk tier (6 months, 1 year, 2
years). Automated Aadhaar/DigiLocker re-verification flows via borrower app.
Pre-Integrated
Regulatory Reporting Suite
RBI XBRL returns, CRILC reporting, bureau data submissions (all 4 bureaus), CKYC uploads,
and PCR reporting. Scheduled auto-generation and submission.
Free
NPA Management & Recovery
Legal notice generation, DRT filing support, SARFAESI action tracking, write-off and
recovery accounting. Full NPA lifecycle from D3 to closure.
Free
Co-Lending & Securitisation
Handle co-lending agreements under RBI’s co-lending model (CLM). Pool-level accounting
for loan securitisation and PTC issuance. CERSAI integration for security creation.
Advanced
Analytics & MIS Dashboard
Portfolio health, PAR (Portfolio-at-Risk) by bucket, disbursement vs collection trends,
product-wise and geography-wise performance. Export to Excel and BI tools.
Free
4. 23+ Pre-Integrated APIs — All Managed by Roopya
Every API below was individually contracted, integrated, tested, certified, and is actively maintained by Roopya. You inherit every integration the moment you join — without a single API contract negotiation or integration sprint.
Maintenance included: When a bureau changes its API schema, when UIDAI updates the eKYC protocol, or when NPCI modifies NACH formats — Roopya’s engineering team handles the update. Your integration never breaks. You never need to allocate developer time to bureau or KYC API maintenance.
5. Build vs Buy vs Roopya — The Full Cost Picture
Before committing to any technology decision, a lender should understand the true total cost of each option — including hidden costs that appear only after you are live and mid-flight.
6. Time to Launch: From Zero to First Disbursement
- Hire 40–80 engineers before building anything
- Design system architecture and select tech stack
- Build core LOS from scratch (8–12 months)
- Build LMS from scratch (6–10 months)
- Integrate 23+ APIs across KYC, bureau, fraud, payments
- Negotiate separate contracts with each bureau and API provider
- Obtain security certifications for each API provider
- UAT, load testing, penetration testing
- RBI compliance review and audit trail setup
- Hypercare period — first 3 months post-launch are unstable
- Day 1: Sign up, get platform access and API credentials
- Day 1–2: Configure loan products in the policy engine
- Day 2–3: Customise borrower application flow and branding
- Day 3–5: Configure credit policy rules for each product
- Day 5–7: End-to-end testing with sandbox environment
- Day 7–10: Compliance review and RBI documentation
- Day 10–14: Go live in production
- Ongoing: Roopya handles all API maintenance and upgrades
7. How Pay-Per-Use Works
The Roopya platform itself — the LOS, the LMS, all the modules, all the workflow tools, all the dashboards — is completely free. You never pay for access to the platform, regardless of how many users you add, how many loan products you configure, or how much loan volume you process.
What you pay for are the third-party API services consumed on your behalf — bureau pulls, KYC checks, eSign transactions, and so on. These are the services that Roopya has contracted with external providers (CIBIL, UIDAI-licensed KSAs, NPCI, etc.) and passes through to you at transparent, volume-tiered rates.
| Service / Module | Platform Access | API Cost (Pay Per Use) | Roopya Management Fee |
|---|---|---|---|
| Platform & Infrastructure | |||
| LOS Platform (all modules) | Free Forever | — | Free |
| LMS Platform (all modules) | Free Forever | — | Free |
| User seats (unlimited) | Free Forever | — | Free |
| Loan products configured (unlimited) | Free Forever | — | Free |
| Sandbox / test environment | Free Forever | — | Free |
| Analytics & reporting dashboards | Free Forever | — | Free |
| API Services (Pay Per Use) | |||
| Aadhaar OTP eKYC | Pre-Integrated | ₹15–25 per call | Free |
| PAN Verification + Aadhaar Link | Pre-Integrated | ₹3–8 per call | Free |
| Credit Bureau (CIBIL, CRIF, Experian, Equifax) | Pre-Integrated | ₹44–55 per pull | Free |
| Face Match + Liveness | Pre-Integrated | ₹8–15 per check | Free |
| Bank Statement Analysis | Pre-Integrated | ₹45–80 per set | Free |
| eSign (Aadhaar-based) | Pre-Integrated | ₹18–35 per sign | Free |
| NACH Mandate Setup | Pre-Integrated | ₹8–15 per mandate | Free |
| Fraud Score (device + mobile + blacklist) | Pre-Integrated | ₹8–15 per check | Free |
| Video KYC (V-CIP) | Pre-Integrated | ₹90–180 per session | Free |
True economics: A lender running 1,000 personal loans a month pays
approximately ₹2.5–4 lakhs/month in API costs (bureau + KYC + eSign + NACH). That is
₹250–400 per loan — entirely variable, entirely proportional to volume, and replacing a
fixed technology cost that would have been ₹25–80 lakhs per year just in licence fees alone.
8. Who Is Roopya’s Free LOS & LMS For
Roopya’s platform is designed for any RBI-regulated entity that originates or manages loans in India. The platform configuration adapts to the specific product type and regulatory requirements of each lender segment.
New NBFCs
Just received your NBFC-ICC or NBFC-MFI licence? Roopya gets you to your first disbursement in 2 weeks, not 2 years. No technology investment needed to start lending.
Start in 7 days
Established NBFCs
Replace aging lending software that’s slowing you down. Migrate your portfolio to Roopya without disruption and reduce technology costs by 60–80%.
Migrate seamlessly
Fintech Startups
Building a lending product? Use Roopya as your core platform and focus your engineering on your unique product differentiators — not on rebuilding LOS/LMS infrastructure.
API-first integration
NBFC-MFIs
Roopya supports group lending, JLG models, CRIF bureau integration (critical for MFI compliance), RBI NBFC-MFI reporting, and Sa-Dhan/MFIN data formats.
MFI compliant
Co-Lending Platforms
Manage co-lending agreements, pool accounting, and partner bank integrations. Roopya supports RBI’s co-lending model with split repayment and shared risk accounting.
CLM ready
HFCs & Housing Finance
Property valuation workflow integration, equitable mortgage creation, CERSAI charges, NHB reporting, and staged disbursement for construction-linked loans.
NHB compliant
9. Getting Started — Live in 7 Days
Day 0 — Sign Up & Get New NBFCsPlatform Access
Register your organisation on Roopya. Submit your RBI registration / NBFC licence. Platform access — including sandbox, all modules, and all API credentials — is provisioned within 4 business hours. No contract negotiations. No setup invoices. Your first login is free and your last login is free.
Day 1–2 — Configure Your Loan Products
Use the no-code product configurator to set up each loan product: tenure range, loan amount range, interest rate bands, processing fee structure, moratorium options, and applicable KYC tier. Configure as many products as you offer — personal loans, business loans, microfinance, home loans, vehicle loans — with no per-product charges.
Day 2–4 — Build Your Credit Policy
Use the policy engine to define your credit rules: minimum bureau score cutoffs, maximum FOIR (Fixed Obligation to Income Ratio), DPD tolerance, income verification requirements, and fraud score thresholds. Set which APIs run in which sequence for each product and risk tier. No developer needed for any of this.
Day 4–6 — Test End-to-End in Sandbox
Run complete loan applications through the sandbox — from lead entry to disbursement — using synthetic borrower profiles that cover approved, rejected, and manual-review scenarios. Test bureau pulls (with mock responses), KYC flows, eSign, and NACH setup. Sandbox responses are production-equivalent in format and schema.
Day 6–7 — Compliance Review & Go Live
Roopya’s compliance team reviews your configuration against RBI guidelines, checks consent module setup, and verifies audit trail completeness. Production API credentials are activated. Your first live loan can be originated within 7 days of signing up. First month billing: ₹0 (platform fees, forever) plus API costs for the bureau and KYC calls you actually made.
10. Frequently Asked Questions
Stop building. Start lending.
Roopya built the hard parts so you never have to. Get access to India’s most complete free lending platform — with every API pre-integrated, every compliance module built in, and zero platform cost forever.
