MSIL Chits vs Setlo
Price, ratings, monetisation and update history for both apps, side by side β with what reviewers say about each.
MSIL Chits
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Take control of your chit fund investments with our all-in-one mobile app. Whether you're tracking your active chits, making secure payments, or joining new schemes, our app ensures a hassle-free experience. Β Experience seamless chit fund management with our feature-packed mobile application. Designed for convenience and security, our app allows you to effortlessly manage your chits, track payments, and stay updated with auctionsβall in one place. 1. Easy Login β Secure access with User ID & Password or Access PIN. 2. Customer Registration - Sign up quickly by providing Personal Details, Address, Nominee, and Other Information. 3. Signup & Profile Management - Register new customers and manage your details. 4. Chit Dashboard β Track active chits, applied chits, and auction status. 5. Hassle-Free Payments - Pay installments securely via the integrated payment gateway. 6. Chit Enrollment β Join available chits within your branch or explore options in others. 7. Chit Transfers & Substitutes β Easily transfer or substitute your chit as needed. 8. KYC & Verification β Complete your KYC and upload necessary documents. 9. Statements & Repayment Schedules β Stay updated on your chit transactions. Download now and simplify your chit fund experience!
Setlo
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Setlo β India's Circular Debt Settlement Platform Setlo helps individuals track and settle informal debts with friends, family, roommates, colleagues, and trusted circles. Unlike traditional payment apps, Setlo focuses on managing obligations and identifying circular debt loops that can be resolved without requiring money transfers. Every obligation is consent-driven, transparent, and privacy-first.
Screenshots
Verdict
The clearest difference is iOS requirement: Setlo at 13.0 against MSIL Chits's 16.6. On price, update cadence, ads and in-app purchases there is nothing between them.
Scored on Price Β· Rating Β· Positive reviews Β· Number of ratings Β· Update frequency Β· Ads Β· In-app purchases Β· Monetization Β· Best chart rank Β· Devices Β· Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
MSIL Chits ships an update fortnightly, Setlo weekly. The most recent releases landed on October 14, 2026 and October 9, 2026 respectively.
| Parameter | MSIL Chits | Setlo |
|---|---|---|
| Price | Free | Free |
| Update frequency | Fortnightly | Weekly β better |
| Ads | No | No |
| In-app purchases | No | No |
| Devices | iPhone | iPhone, iPod β better |
| Requires iOS | 16.6 | 13.0 β better |
| Further details β not scored | ||
| Size | 16 MB | 59 MB |
| Age rating | 17+ | 4+ |
| Developer | Processware Systems | Setlo Technologies private limited |
In-app purchases
MSIL Chits
No in-app purchases
Setlo
No in-app purchases









