Comparison

LoanMate vs Payback Buddy App

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

Head to head
About

LoanMate

This app helps you organize and track all your debts and loans. Easily manage who owes you money or who you owe, keeping your financial relationships in order.

Highlights
  • Track money loaned or owed
  • Organize debtor and creditor details
  • Add, update, and track loan information
  • Secure and private platform
  • Streamline debt and credit management
Features
Read full description

LoanMate is the easiest way to manage personal and business loans in one secure place. Whether you're lending money to friends, family, customers, or tracking money you've borrowed, LoanMate helps you stay organized, record every payment, and always know exactly how much is outstanding. Built with simplicity and reliability in mind, LoanMate gives you a complete overview of your loans, repayments, interest, due dates, and payment history. Every transaction is automatically reflected in your balance, making it easy to monitor multiple loans without spreadsheets or manual calculations. Create loans in just a few taps, attach important documents such as agreements or receipts, record partial payments, issue refunds when necessary, and generate professional PDF loan statements that can be shared with borrowers or lenders. Automatic reminders help ensure you never miss a repayment or forget an upcoming due date. Whether you're managing personal debts, customer financing, employee advances, or small business loans, LoanMate provides the tools you need to keep accurate records and maintain complete financial visibility. LoanMate includes support for multiple currencies, flexible interest calculations, payment history, loan documents, smart notifications, cloud backup, and beautifully designed dashboards that make tracking your finances effortless. Your information is stored securely, giving you confidence that your records are always protected. Upgrade to LoanMate Pro to unlock premium features including unlimited loans, advanced reports, enhanced document management, professional branding, and future productivity tools designed for individuals and businesses. Download LoanMate today and take control of every loan, every payment, and every reminder. Please read term of use : https://loanmatepro.netlify.app/terms

About

Payback Buddy App

Features
Read full description

PayBack Buddy is your personal loan reminder manager. Every time you lend money to friends or family, you can record the amount, set WhatsApp reminder templates, track full or partial repayments, and keep a clean history of who owes you what.

Screenshots

LoanMate4 screens
Payback Buddy App4 screens

Verdict

The call

The clearest difference is in-app purchases: Payback Buddy App at none against LoanMate's 3. Payback Buddy App also leads on update cadence (every 3 weeks vs every 2 months). On price, ads, device support and iOS requirement 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. LoanMate sells 3 in-app purchases, starting at $4.99 per 7 days. Payback Buddy App asks for nothing beyond the download.

UpkeepUpdate frequency

LoanMate ships an update every 2 months, Payback Buddy App every 3 weeks. The most recent releases landed on October 24, 2026 and October 13, 2026 respectively.

Scorecard2 real differences · 7 level
LoanMate versus Payback Buddy App: the parameters behind the verdict, then further details
ParameterLoanMatePayback Buddy App
PriceFreeFree
Rating4.0 (5 ratings) — better—
Number of ratings5 — better—
Update frequencyEvery 2 monthsEvery 3 weeks — better
AdsNoNo
In-app purchasesYesNo — better
MonetizationFree with in-app purchases—
DevicesiPhone, iPad, iPod — betteriPhone, iPod
Requires iOS15.615.6
Further details — not scored
Size52 MB41 MB
Age rating17+4+
DeveloperDestiny Eze DikeochaUtopia Med Tech Private Limited

In-app purchases

3 purchases

LoanMate

Subscriptions3
  • Weekly Sub$4.997 Days
  • Pro Monthly$17.991 Month
  • Yearly Subscription$79.991 Year
None

Payback Buddy App

No in-app purchases

Questions

Is LoanMate free?
LoanMate is free to download, with in-app purchases available.
Is Payback Buddy App free?
Payback Buddy App is free to download, with no in-app purchases.
Do LoanMate or Payback Buddy App have ads?
Neither LoanMate nor Payback Buddy App shows ads.
Which is updated more often, LoanMate or Payback Buddy App?
LoanMate ships an update every 2 months, and Payback Buddy App every 3 weeks. Most recently, LoanMate was updated on October 24, 2026 and Payback Buddy App on October 13, 2026.

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