Comparison

LoanMagic vs Sail Loans

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

LoanMagic

Manage your home loan from start to finish. Track real-time progress, securely share and sign documents, and communicate directly with your mortgage team. Stay organized and informed throughout the entire loan process.

Highlights
  • Real-time loan status updates
  • Secure document upload and sharing
  • In-app document signing
  • Direct messaging with mortgage team
  • Calendar integration for important dates
  • Encrypted file sharing via cloud services
Features
Read full description

*The LoanMagic app requires an ACTIVE HOME LOAN. Ask your mortgage lender for a FREE invitation with your unique login! The LoanMagic app lets borrowers manage the entire loan process. Keep track of your loan status in real-time. Send, receive and sign your loan documents. Message your mortgage team instantly, and schedule important events right to your calendar! REAL-TIME LOAN STATUS UPDATES Follow your loan progress in real-time. The loan tracker means you’ll always know where you are in the loan process. Each stage of the loan process is clearly explained and LoanMagic’s push notifications ensure that you never miss critical dates. SEND DOCUMENTATION TO YOUR LENDER VIA THE APP No more copying, faxing or mailing files to your lender/broker. It’s so easy, and fast, to take pictures of documents or upload them to the app. Now your loan files are secure and organized in one place to share with your lender via LoanMagic’s encrypted integrations. (Share files via Dropbox, GoogleDrive, Box, and MS OneDrive). REVIEW & SIGN DOCUMENTS Complete and sign your loan documents right from the app. eSigned documents are automatically sent to your lender via LoanMagic’s secure & encrypted connection. COMMUNICATE PRIVATELY & SECURELY WITH YOUR MORTGAGE TEAM Get your questions answered immediately. LoanMagic’s secure chat feature stops the endless back-and-forth of email and voicemail. LoanMagic gives you everything you need to manage and close your home loan in one convenient place. CONNECT Support https://www.docmagic.com/support About us: www.docmagic.com If you’re a Lender or Settlement agent who wants to offer the LoanMagic app to your customers, please contact us at https://www.docmagic.com/webservices/contact/

About

Sail Loans

Apply for loans up to $4,000 with funds deposited directly into your bank account. Manage your repayment options, make payments, and access referral codes to earn extra cash. Offers installment, full, or early/partial payment options.

Highlights
  • Loan application up to $4,000
  • Same-day fund deposit
  • Customer profile editing
  • Loan repayment management
  • Refer-A-Friend program
  • Installment and full payment options
Features
Read full description

Complete our loan application and get approved for up to $4,000 within minutes of submitting your information. Your money will be deposited directly into your bank account and the rest will be placed into a secure account. Finish your application before 1:30 pm CST to receive your funds the same day, restrictions may apply. Within this app, you can edit your customer profile and view your savings with a simple click of a button. You can also manage and review your re-payment options, as well as make payments towards your loan without ever leaving home. You can also access your custom Refer-A-Friend code to earn extra cash. Max APR is 35.99%. Loan terms range from 12 – 24 months with loan amounts from $100 – $4,000. Repayment Plans: - Installment Payments: You may pay back your loan principal plus accrued interest through a number of scheduled payments made over the loan term. - Full Payment: You may pay back your loan in full at any time without any prepayment charges. - Early or Partial Payment: You may make an early or partial principal payment on your loan at any time with no prepayment penalties. Representative example of the total cost of the loan: Loan amount of $1,000.00 with loan term of 12 months; APR of 35.99%. Your bi-weekly repayment will be $46.06. The total of payments will be $1,197.55 and your cost will be $197.55. Download now!

Screenshots

LoanMagic4 screens
Sail Loans4 screens

Verdict

The call

The clearest difference is review sentiment: Sail Loans at 100% against LoanMagic's 0%. Sail Loans also leads on rating (5.0 vs 4.0). LoanMagic's advantage is update cadence (monthly vs every 3 months) and iOS requirement (9.0 vs 13.4). On price, ratings volume, ads and in-app purchases there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

ReceptionRating · Positive reviews · Number of ratings

Sail Loans holds the better App Store score, 5.0 against 4.0. Both are backed by a comparable volume of ratings — 4 and 3 respectively. Written reviews point the same way: 0% of LoanMagic's written reviews are positive against 100% of Sail Loans's.

UpkeepUpdate frequency

LoanMagic ships an update monthly, Sail Loans every 3 months. The most recent releases landed on September 21, 2026 and September 11, 2026 respectively.

Scorecard4 real differences · 6 level
LoanMagic versus Sail Loans: the parameters behind the verdict, then further details
ParameterLoanMagicSail Loans
PriceFreeFree
Rating4.0 (4 ratings)5.0 (3 ratings) — better
Positive reviews0.0% of reviews100.0% of reviews — better
Number of ratings4 — better3
Update frequencyMonthly — betterEvery 3 months
AdsNoNo
In-app purchasesNoNo
MonetizationFreeFree
DevicesiPhone, iPad, iPod — betteriPhone, iPod
Requires iOS9.0 — better13.4
Further details — not scored
Size123 MB24 MB
Age rating4+4+
DeveloperDocMagic, Inc.Americash Loans LLC

Customer experience

LoanMagic

All ratings4 ratings
Positive75.0%
Neutral0.0%
Negative25.0%
Written reviews1 reviews
Positive0.0%
Neutral0.0%
Negative100.0%

Sail Loans

All ratings3 ratings
Positive100.0%
Neutral0.0%
Negative0.0%
Written reviews1 reviews
Positive100.0%
Neutral0.0%
Negative0.0%

In-app purchases

None

LoanMagic

No in-app purchases

None

Sail Loans

No in-app purchases

Questions

Is LoanMagic free?
LoanMagic is free to download, with no in-app purchases.
Is Sail Loans free?
Sail Loans is free to download, with no in-app purchases.
Which has better reviews, LoanMagic or Sail Loans?
Sail Loans is rated higher. LoanMagic averages 4.0 out of 5 from 4 ratings, while Sail Loans averages 5.0 from 3 ratings.
Do LoanMagic or Sail Loans have ads?
Neither LoanMagic nor Sail Loans shows ads.
Which is updated more often, LoanMagic or Sail Loans?
LoanMagic ships an update monthly, and Sail Loans every 3 months. Most recently, LoanMagic was updated on September 21, 2026 and Sail Loans on September 11, 2026.

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