Loans & Debts is a streamlined financial organizer designed to simplify tracking personal loans and credit obligations. Unlike banking apps, it acts as a secure notepad for manually logging transactions, offering instant summaries of borrowed/lent amounts and one-click debt settlements. Ideal for casual users, it includes password protection, cross-device backups, and calculation tools for transparent money management.
Features of Loans & Debts
1. Transaction Tracker: Manually add/edit loans, debts, and repayment schedules with custom notes.
2. Expression Calculator: Built-in math parser to compute totals (e.g., "$500 + 5% interest").
3. Dual Backup: Save records locally (SD card) or sync securely via Google Drive (Pro feature).
4. Password Lock: Protect sensitive entries with PIN or biometric authentication.
5. Quick Summary: Auto-generate totals for net borrowing/lending balances.
6. Pro Mode: Unlock cloud backups and advanced security for a one-time fee.
Advantages of Loans & Debts Premium Unlock
1. No Financial Links: Operates offline without bank integrations, reducing hacking risks.
2. Simplicity: Intuitive layout requires no financial expertise.
3. Privacy-First: No ads or data mining in free version.
4. Flexible Backups: Export data for personal audits or tax prep.
5. Lightweight: Minimal storage usage (under 10MB).
Disadvantages of Loans & Debts
1. Manual Entry: No automatic transaction imports from banks or digital wallets.
2. Limited Analytics: Basic summaries lack graphs or long-term trend reports.
3. Pro Paywall: Google Drive backups require upgrade ($4.99 lifetime).
4. No Multi-Currency: Only supports single-currency tracking.
Development Team
Loans & Debts is developed by FinSimple Tools, a boutique studio specializing in lightweight productivity apps. Their focus on minimalist design and data privacy has driven updates since 2018, with a small team of 5 developers prioritizing user feedback.
Competitive Products
1. Debt Manager (Debt Payoff Tracker): Offers debt snowball/avalanche calculators but lacks offline access.
2. Splitwise: Ideal for group expenses but forces cloud sync and social features.
3. Money Lover: Robust budgeting tools but includes intrusive ads in free tier.
Loans & Debts stands out for its offline usability and zero-commitment tracking.
Market Performance
Rated 4.3/5 on Google Play with 500k+ downloads. Reviews praise its simplicity for casual use but criticize the Pro upselling. iOS users note occasional sync delays in the Drive backup feature.
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