Comparison

MSIL Chits vs Setlo

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

Head to head
About

MSIL Chits

Features
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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 auctionsβ€”all in one place. 1. Easy Login – 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 – Track active chits, applied chits, and auction status. 5. Hassle-Free Payments - Pay installments securely via the integrated payment gateway. 6. Chit Enrollment – Join available chits within your branch or explore options in others. 7. Chit Transfers & Substitutes – Easily transfer or substitute your chit as needed. 8. KYC & Verification – Complete your KYC and upload necessary documents. 9. Statements & Repayment Schedules – Stay updated on your chit transactions. Download now and simplify your chit fund experience!

About

Setlo

Features
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Setlo – 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

MSIL Chits4 screens
Setlo4 screens

Verdict

The call

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

CostPrice Β· In-app purchases Β· Ads Β· Monetization

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

UpkeepUpdate frequency

MSIL Chits ships an update fortnightly, Setlo weekly. The most recent releases landed on October 14, 2026 and October 9, 2026 respectively.

Scorecard1 real difference Β· 5 level
MSIL Chits versus Setlo: the parameters behind the verdict, then further details
ParameterMSIL ChitsSetlo
PriceFreeFree
Update frequencyFortnightlyWeekly β€” better
AdsNoNo
In-app purchasesNoNo
DevicesiPhoneiPhone, iPod β€” better
Requires iOS16.613.0 β€” better
Further details β€” not scored
Size16 MB59 MB
Age rating17+4+
DeveloperProcessware SystemsSetlo Technologies private limited

In-app purchases

None

MSIL Chits

No in-app purchases

None

Setlo

No in-app purchases

Questions

Is MSIL Chits free?
MSIL Chits is free to download, with no in-app purchases.
Is Setlo free?
Setlo is free to download, with no in-app purchases.
Do MSIL Chits or Setlo have ads?
Neither MSIL Chits nor Setlo shows ads.
Which is updated more often, MSIL Chits or Setlo?
MSIL Chits ships an update fortnightly, and Setlo weekly. Most recently, MSIL Chits was updated on October 14, 2026 and Setlo on October 9, 2026.

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