# Preferred Lending Services vs LoanChat

The clearest difference is update cadence: LoanChat at fortnightly against Preferred Lending Services's every 2 months. LoanChat also leads on iOS requirement (13.0 vs 15.0). On price, ads, in-app purchases and device support there is nothing between them.

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

Preferred Lending Services ships an update every 2 months, LoanChat fortnightly. The most recent releases landed on October 21, 2026 and October 8, 2026 respectively.

## The numbers

| Metric | Preferred Lending Services | LoanChat |
| --- | --- | --- |
| Price | Free | Free |
| Rating | — | **[4.0 (1 ratings)](https://appshunter.io/ios/app/loanchat/id6451215518/reviews)** |
| Number of ratings | — | **1** |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | Every 2 months | **Fortnightly** |
| Monetization | — | Free |
| Size | 73 MB | 47 MB |
| Requires iOS | 15.0 | **13.0** |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Age rating | 4+ | 17+ |
| Developer | [Newrez LLC](https://appshunter.io/developer/1435999021) | [Private Lender Portal LLC](https://appshunter.io/developer/1694061022) |

## What reviewers say

### Preferred Lending Services

[App page](https://appshunter.io/ios/app/preferred-lending-services/id1477440701)

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

**In-app purchases:** none


### LoanChat

[App page](https://appshunter.io/ios/app/loanchat/id6451215518)

Streamline communication for private lenders of real estate investment loans. Connect with your back office team, manage loan conversations through stage-based threads, and view loan details on the go.

**Highlights:** View submitted loans, Connect with back office team, Stage-based communication threads, Loan summary details, Searchable message queue

**Features:** macOS Compatibility

**In-app purchases:** none


## Frequently asked questions

### Is Preferred Lending Services free?

Preferred Lending Services is free to download, with no in-app purchases.

### Is LoanChat free?

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

### Do Preferred Lending Services or LoanChat have ads?

Neither Preferred Lending Services nor LoanChat shows ads.

### Which is updated more often, Preferred Lending Services or LoanChat?

Preferred Lending Services ships an update every 2 months, and LoanChat fortnightly. Most recently, Preferred Lending Services was updated on October 21, 2026 and LoanChat on October 8, 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.*