Join only if you are going to be part of LOAN IQ - Associate Software Engineer Finastra Employee Review

2.0
Apr 13, 2021
Recommend
CEO approval
Business outlook

Pros

If you are a part of a good team or Loan Iq , I can safely say that this is a decent organization to work. Please avoid retail banking projects at all cost. Pay used to be okaish but after Covid situation , they are cutting off hikes regularly. Office is situated in Bagmane Constellation Business park which is a nice work place. They provide insurance , free snacks , annual event and other activities to keep employees happy , but they are practically useless if people are burdened with work all the time.

Cons

I joined this company as a fresher , they promised 8 LPA package and a week before joining , they suddenly reduced the package to 7.2 LPA without any proper reason. Some people who were hired with us shared their interview experience and my interview was way tougher than thier's. and we had same package. They randomly decide whether you will be in retail banking or Loan Iq team. I got into retail banking and trust me , retail banking is cesspool of bad management , focused towards internal framework and an absolute toxic workplace. Too many incompetent managers bundled into single modules , having unrealistic expectations. Senior developers who are working here for more than 8-9 years, keep making blunders all the time and nobody questions them and associates who make one small mistake based on lack product knowledge are slaughtered. And after this pandemic situation , i am close to 19 months in this organization and my ctc is still not 8 LPA. They keep saying that "Finstarters" are not eligible for appraisals. I mean , then why are we made to do more work than those incompetent seniors who treat this like a government job. I hope people get the point how toxic this place is.

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5.0
Nov 1, 2025
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Pros

Amazing management and leadership at the company

Cons

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4.0
Apr 24, 2026
Recommend
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Pros

Teams work together Encouraging managers Autonomy Great benefits Unlimited PTO is real Customers can be fun to work with

Cons

Constant process changes Requires adaptability Commission plan frequently changes Travel budgets frequently change Super fast paced High account base and no CSMs

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