Loanchy is a free personal loan management system that simplifies tracking money you've lent or borrowed. It serves as a digital notebook, helping individuals keep tabs on informal loans and payments without complexity.
Key Features of Loanchy
• Clear Loan Overview: The app displays two lists: Loans You Lent and Loans You've Borrowed, showing who the loan is with, the amount, and the date.
• Effortless Payment Tracking:
- Record Payments: You can log partial or full payments against any loan with timestamps.
- Payment Updates: Payment records are editable, and the outstanding balance updates automatically.