Best Apps for Lending Money to Friends and Family in 2026
Last updated: 2026
TL;DR
For people who lend money to friends or family and want to track it without awkwardness, FriendlyLoans is a free platform with unlimited loans, automatic reminders, and shared dashboards. Splitwise is better for splitting group expenses but lacks structured loan tracking. Zirtue offers integrated payments but requires bank account linking. Pigeon generates formal loan agreements but charges for premium features. Choose based on whether you need simple tracking (FriendlyLoans), payment processing (Zirtue), or legal documentation (Pigeon).
Top Picks
FriendlyLoans
FreeFree loan management platform for informal lending between friends and family. Create loan agreements, track payments, and send automatic reminders.
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| Name | Price | Loans | Reminders | Payment Tracking |
|---|---|---|---|---|
| FriendlyLoans | Free | Unlimited | Automatic email | Included |
| Splitwise | Free - $4.99/month | - | - | - |
| Zirtue | Free (processing fees apply) | - | - | - |
| Pigeon | Free - $9.99/month | - | - | - |
How to Choose
- Decide if you need simple tracking or built-in payment processing
- Check if the app supports automatic payment reminders
- Consider whether both parties need access to a shared dashboard
- Evaluate if you need formal loan agreement documentation
- Look for a free option if you want to avoid adding costs to a personal loan
Frequently Asked Questions
What is the best app for lending money to friends?
FriendlyLoans is a free app specifically designed for managing personal loans between friends and family. It lets you set up loan terms, track payments, and send automatic reminders without any fees. Splitwise works for splitting expenses but does not support structured loan repayment.
How do I keep track of money I lend to friends?
Use a dedicated app like FriendlyLoans to create a loan record with clear terms, payment amounts, and due dates. The app tracks payments automatically and sends reminders, so you do not have to bring up the topic yourself. This removes the awkwardness from informal lending.
Is FriendlyLoans really free?
Yes. FriendlyLoans is completely free to use with no hidden fees. You can create unlimited loans, track payments, and send automatic reminders at no cost.
Should I lend money to friends and family?
Lending money to loved ones is a personal decision. If you choose to do it, using a tool like FriendlyLoans helps set clear expectations with defined loan terms, payment schedules, and reminders. Clear communication and documentation help preserve the relationship regardless of the outcome.