Choosing a tracker
Looking for a Khatabook alternative for personal lending?
Start with the kind of record you need. If your main concern is a personal loan, an EMI or money lent to someone you know, choose a tool that makes the agreement and each repayment easy to review.
Decide what you need to keep track of
Different record-keeping apps are made for different workflows. Some people need a customer ledger for a shop. Others need a personal debt tracker that separates money lent, money borrowed and bank loans. Make a short list of the information you will need six months from now, not only the first amount entered.
For personal debt records, look for
- Separate directions for money lent and borrowed.
- Interest terms, due dates and partial-repayment entries.
- A dated history instead of a balance that is simply overwritten.
- Bank-loan and EMI fields if you track your own loans too.
- Records or exports you can use for your own reference.
Where Lendbook fits
Lendbook is a private Android record-keeping app for personal debts, repayments and bank-loan progress. You can record principal, interest terms and dates; add payments; follow outstanding amounts; and use simple interest, compound-interest and EMI calculators. It does not lend money, send payments or collect on anyone’s behalf.
Choose on fit, then keep records current
There is no useful switch in apps unless the record stays current. Whichever tool you choose, add the original terms, record each payment promptly and compare bank-loan information with lender statements.