# LoanChat vs Presto Loans App

The clearest difference is rating: Presto Loans App at 5.0 against LoanChat's 4.0. LoanChat's advantage is update cadence (fortnightly vs every 10 months) and iOS requirement (13.0 vs 16.6). On price, ratings volume, ads and in-app purchases there is nothing between them.

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

Presto Loans App holds the better App Store score, 5.0 against 4.0. Both are backed by a comparable volume of ratings — 1 and 1 respectively.

LoanChat ships an update fortnightly, Presto Loans App every 10 months. The most recent releases landed on November 3, 2026 and November 4, 2026 respectively.

## The numbers

| Metric | LoanChat | Presto Loans App |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [4.0 (1 ratings)](https://appshunter.io/ios/app/loanchat/id6451215518/reviews) | **[5.0 (1 ratings)](https://appshunter.io/ios/app/presto-loans-app/id6472605041/reviews)** |
| Number of ratings | 1 | 1 |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | **Fortnightly** | Every 10 months |
| Monetization | Free | Free |
| Size | 47 MB | 31 MB |
| Requires iOS | **13.0** | 16.6 |
| Devices | **iPhone, iPad, iPod** | iPhone, iPad |
| Age rating | 17+ | 17+ |
| Developer | [Private Lender Portal LLC](https://appshunter.io/developer/1694061022) | [Presto Loan Centers, L.L.C.](https://appshunter.io/developer/1717277073) |

## What reviewers say

### 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


### Presto Loans App

[App page](https://appshunter.io/ios/app/presto-loans-app/id6472605041)

Securely manage your loan account on the go. Link your profile, check your current balance, and make payments directly from your mobile device.

**Highlights:** Secure account linking, Review account status, Make payments, Mobile access, Account management

**Features:** macOS Compatibility

**In-app purchases:** none


## Frequently asked questions

### Is LoanChat free?

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

### Is Presto Loans App free?

Presto Loans App is free to download, with no in-app purchases.

### Which has better reviews, LoanChat or Presto Loans App?

Presto Loans App is rated higher. LoanChat averages 4.0 out of 5 from 1 ratings, while Presto Loans App averages 5.0 from 1 ratings.

### Do LoanChat or Presto Loans App have ads?

Neither LoanChat nor Presto Loans App shows ads.

### Which is updated more often, LoanChat or Presto Loans App?

LoanChat ships an update fortnightly, and Presto Loans App every 10 months. Most recently, LoanChat was updated on November 3, 2026 and Presto Loans App on November 4, 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.*