Comparison

LoanMate vs Prograte

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

Prograte

Manage lending and credit sales operations efficiently. Track clients, process applications, and collect payments securely. Monitor collateral and gain real-time portfolio insights.

Highlights
  • Client management
  • Loan application processing
  • Repayment tracking
  • Payment collection (mobile money, bank transfer)
  • Collateral monitoring
  • Branch and staff management
  • Real-time portfolio reports
Features
Read full description

Prograte Finance is a comprehensive lending management platform for cash lending and credit sales businesses. Manage clients, process loan applications, track repayments, collect payments via mobile money and bank transfer, monitor collateral, manage branches and staff, and get real-time reports on your portfolio performance. Built for loan officers and managers who need secure, reliable access to their lending operations from anywhere.

Screenshots

LoanMate4 screens
Prograte3 screens

Verdict

The call

The clearest difference is rating: Prograte at 5.0 against LoanMate's 3.3. Prograte also leads on in-app purchases (none vs 3). On price, ratings volume, update cadence and ads 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. Prograte asks for nothing beyond the download.

ReceptionRating · Positive reviews · Number of ratings

Prograte holds the better App Store score, 5.0 against 3.3. Both are backed by a comparable volume of ratings — 3 and 3 respectively.

UpkeepUpdate frequency

Both ship on a similar rhythm, roughly every 2 months. The most recent releases landed on October 7, 2026 and October 15, 2026 respectively.

Scorecard3 real differences · 6 level
LoanMate versus Prograte: the parameters behind the verdict, then further details
ParameterLoanMatePrograte
PriceFreeFree
Rating3.3 (3 ratings)5.0 (3 ratings) — better
Number of ratings33
Update frequencyEvery 2 monthsEvery 2 months
AdsNoNo
In-app purchasesYesNo — better
MonetizationFree with in-app purchasesFree — better
DevicesiPhone, iPad, iPod — betteriPhone, iPad
Requires iOS15.6 — better16.0
Further details — not scored
Size52 MB83 MB
Age rating17+17+
DeveloperDestiny Eze DikeochaPrograte FinTech

Customer experience

LoanMate

All ratings3 ratings
Positive66.7%
Neutral0.0%
Negative33.3%

Prograte

All ratings3 ratings
Positive100.0%
Neutral0.0%
Negative0.0%

In-app purchases

3 purchases

LoanMate

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

Prograte

No in-app purchases

Questions

Is LoanMate free?
LoanMate is free to download, with in-app purchases available.
Is Prograte free?
Prograte is free to download, with no in-app purchases.
Which has better reviews, LoanMate or Prograte?
Prograte is rated higher. LoanMate averages 3.3 out of 5 from 3 ratings, while Prograte averages 5.0 from 3 ratings.
Do LoanMate or Prograte have ads?
Neither LoanMate nor Prograte shows ads.
Which is updated more often, LoanMate or Prograte?
LoanMate ships an update every 2 months, and Prograte every 2 months. Most recently, LoanMate was updated on October 7, 2026 and Prograte on October 15, 2026.

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