LoanPro is the most API-first loan servicing platform on the market. It is the benchmark for loan servicing technical architecture. But it stops at servicing - and its per-account pricing punishes you for growing.
Monthly cost
$149 flat
vs Per-loan-account fees
Full lifecycle
Yes
vs Servicing only
Group lending
Native
vs Not supported
Data sovereignty
Your server
vs Cloud-only SaaS
Overview
LoanPro (Utah-based, founded 2015) is a US-focused consumer loan servicing platform. Its API-first, composable architecture is technically impressive - every function is an API endpoint. However, LoanPro is a post-origination platform only - it requires a separate origination system. It has no group lending, no savings accounts, no SACCO cooperative equity, and all payment integrations target the US market (ACH, EFT). Pricing is per-loan-account, which becomes extremely expensive at microfinance scale where institutions manage thousands of small loans.
Feature by feature
|
◆ Kovara
|
LoanPro
|
|
|---|---|---|
| Flat $149/month - no per-loan-account fees | ||
| Full loan lifecycle - origination and servicing in one platform | ||
| Self-hosted on your own server - full data sovereignty | ||
| Group and solidarity lending - JLG, joint liability, village banking | ||
| SACCO share capital, member equity, and dividend management | ||
| Built-in double-entry accounting - no external GL needed | ||
| Savings, deposits, and recurring deposits | ||
| Mobile money integrations - M-Pesa, MTN MoMo, Airtel Money | ||
| Africa-focused payment integrations | ||
| Borrower self-service portal | ||
| Maker-checker and audit trail | ||
| REST API and webhooks |
Why Kovara wins
Get Kovara running on your server today. $149/month flat - no per-loan fees, no demo calls, no surprises.