# LoanMagic vs Fairtabs

The clearest difference is rating: Fairtabs at 5.0 against LoanMagic's 4.0. Fairtabs also leads on update cadence (every 3 days vs monthly). LoanMagic's advantage is in-app purchases (none vs 2) and device support (3 vs 1). On price, ratings volume and ads there is nothing between them.

Both are free to download. Fairtabs sells 2 in-app purchases, starting at $1.99 per month. LoanMagic asks for nothing beyond the download.

Fairtabs holds the better App Store score, 5.0 against 4.0. Both are backed by a comparable volume of ratings — 4 and 2 respectively.

LoanMagic ships an update monthly, Fairtabs every 3 days. The most recent releases landed on September 21, 2026 and August 28, 2026 respectively.

## The numbers

| Metric | LoanMagic | Fairtabs |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [4.0 (4 ratings)](https://appshunter.io/ios/app/loanmagic/id1327566675/reviews) | **[5.0 (2 ratings)](https://appshunter.io/ios/app/fairtabs-split-bills/id6766775163/reviews)** |
| Number of ratings | **4** | 2 |
| Positive reviews | 0.0% of reviews | — |
| In-app purchases | **No** | Yes |
| Ads | No | No |
| Update frequency | Monthly | **Every 3 days** |
| Monetization | **Free** | Freemium |
| Size | 123 MB | 9 MB |
| Requires iOS | **9.0** | 26.0 |
| Devices | **iPhone, iPad, iPod** | iPhone |
| Age rating | 4+ | 4+ |
| Developer | [DocMagic, Inc.](https://appshunter.io/developer/1327566674) | [Fairtabs](https://appshunter.io/developer/1896324112) |

## What reviewers say

### LoanMagic

[App page](https://appshunter.io/ios/app/loanmagic/id1327566675)

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:** macOS Compatibility

**In-app purchases:** none


### Fairtabs

[App page](https://appshunter.io/ios/app/fairtabs-split-bills/id6766775163)

Easily split expenses with friends and roommates. Snap receipts for automatic itemization, track balances, and settle up seamlessly through your preferred payment apps. Manage recurring bills and gain insights into your spending.

**Highlights:** Receipt OCR for automatic data entry, One-tap settlement via trusted payment apps, Trip expense recaps, Running balance per friendship, Recurring expense management, Spending insights by category and friend

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases (2)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Plus (Monthly) | $1.99 | per month |
| Plus (Yearly) | $17.99 | per year |


## Frequently asked questions

### Is LoanMagic free?

LoanMagic is free to download, with no in-app purchases.

### Is Fairtabs free?

Fairtabs is free to download, with in-app purchases available.

### Which has better reviews, LoanMagic or Fairtabs?

Fairtabs is rated higher. LoanMagic averages 4.0 out of 5 from 4 ratings, while Fairtabs averages 5.0 from 2 ratings.

### Do LoanMagic or Fairtabs have ads?

Neither LoanMagic nor Fairtabs shows ads.

### Which is updated more often, LoanMagic or Fairtabs?

LoanMagic ships an update monthly, and Fairtabs every 3 days. Most recently, LoanMagic was updated on September 21, 2026 and Fairtabs on August 28, 2026.

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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*