iLoan - Personal Loans App Reviews

I find this application fits my requirement. However I still need to figure out how to put in the cents in the principal amount.

I think what this app needs to make it complete is profiles for the people you add. This way you dont have to enter their name and email address again and again, but just once and then choose it from a drop down for the loan. Also, the ability to email someone the entire amount they owe you (instead of each item separately) would be great. Hopefully you will add these, because it will make the App great!

After you enter your loan you cannot edit the description of the loan or the borrowers name.

I love this app but it hasnt been updated for 2 years. Would like some kind of icloud backup

Worst than my own spreadsheet!! Don,t waste your $$ even .99cents I just paid There is something wrong about this apps rating! Kate

Im doing short-term high-risk unsecured loans. I need to be able to specify an interest rate of 15% monthly on a 45 day loan. This would be so easy to add. Im not sure why it only supports up to 99 APR. Please add support for this type of loan/interest and I will rate 5 stars :)

This app is good, but does not easily allow for editing, once input. It is so easy to use, that you can delete something, instead of editing, so that is not a big deal, but editing is not easy on the iPad. Fix the edit & Id give it 4. I love the email a statement feature, that is Awesome. Thanks!

I downloaded this application because I do a lot of micro loans to friends of mine. This app does very well at tracking the various loans that I do, and also allows me to deal with payments, and use email to help people keep track of everything if they feel like they need that reminder. However, there is one glaring problem with this app that has prevented me from giving it more stars. You cannot do anything in decimals! This is a glaring problem for micro loans, everything is not always in whole dollars! If this application could do 5.25 instead of just 5 it would be rated 4 stars.

You can only enter whole dollar amounts, not cents when posting payments. Also would like to be able to specify loan terms (months, interest...ect). This does not keep tract of payment amounts nor tell you when clients are past due. Pretty useless! The fact that you can email statements and receipts is great....IF the rest of the app would be updated. Hope to see this updated soon...

Recommendations for improvemt: Where is a help section, expanded settings options, currently very limited, how bout adding Credit card and other form of expenses other than just loans, increase the functionality, currently very limited

I needed a way to keep track of payments and calculate interest for loans to my friends. Earlier versions were a bit buggy, but they seem to worked out now. There are a few limitations that need to be worked around, but once youve got the knack of it its not hard at all. Pros: -Email payment receipts and statements to borrower. -See payment history and balance at a glance. -Multiple loans per borrower. -Easy to figure out basic usage. Cons: -Only whole dollar amounts for initial loan amount. -Number entries must entered using date entry type select wheels, typing numbers would be much easier. -Compounds interest monthly, but does not say so anywhere. -Cannot change compounding period; creates the following "issues." (The numbers come out like they should, but it causes what looks like odd behavior unless you know what is going on behind the scenes.) -Per diem interest (month to date) value included in display loan balance, but not in calculated balance. --If a payment is posted mid period it is applied to the balance at the end of the last period, not including per diem interest. --Must pull up a statement (as if going to email) to get pay off amount as of last the end of the last period. (Cannot payoff based on displayed balance because it includes per diem interest that has not actually been applied to balance yet.)

Looked great until I was unable to enter cents. Apparently no way to enter cents so app is of no use.

The app definitely needs improvement and it seems theres no one to do it because Ive had the program for some time now and cant remember not even one update.. It really has the potential to be a great app if the creator would take sometime to improve it and not just take our money and abandon its users.. Please update regularly

I just purchased this app literally seconds ago, and I cannot load any loans or other data. There are two buttons on the home page EDIT and SAVE--the SAVE button is ghosted (meaning you cannot save any information you enter into the fields), effectively rendering the EDIT button useless. When you go to the developers website for support, after setting up the mandatory account, you discover that all of the information is dated by at least two years and there is absolutely no way to contact the developer or get support. BOO to Josh Pressnell and the Verietas Software site. SAVE YOUR MONEY! You will be better off keeping track of money loaned with a tablet and pencil. I WANT MY $ BACK! Track that!

Love the app and it is a must have for the money I lend out. The other reviewer saying you cant save is an idiot. That is cause all fields must be filled in first. Much improved since "Loan Tracker". The receipts and statement emails are awesome and very helpful. Maybe include an option to customize the message in an update. You can also now add negative payments for late fees or if you loan out more money to the same person. Would have given 5 stars if cents were available for input and if you didnt have to use the spin wheel. Both of which arnt a big deal. Thanks to the developer for this app as there is none other like it and believe me I tried at least 6 others looking for the features this one does. Great buy!

Not very user friendly. Good idea, but needs improvement to make it more useful.

Ive been using the app for about a year, loved it until today..keeps crashing and I cant delete or add payments.. Completed ruined it with the update!

Great idea. Very easy to operate and great basic features that other apps lack. Unfortunately my favorite feature is the only one that doesnt work right. Sometimes when I apply a payment to a loan, the balance doesnt change. Need that to work to keep track of set.

I have been looking for a personal loan calculation program for a few years. I love the feature of negative entries adding to loan principle. Email features very helpful. I bought iLoan today and have loaded 2 different loans spanning 5 years and results look very good. I had written one myself in DOS in Power Basic - did everything. I could not bring it forward to my Mac Book Pro. Could iLoan be ported to a MAC?

I purchased and used this app for a bit and loved it. After the iOS 8 update it fails miserably. Freezes constantly after payment and data missing until its clicked on are just a couple issues. Do not purchase until its fixed.