LoanPro vs Peach

by Gralio Feb 04, 2025

LoanPro and Peach are both cloud-based loan management software, but they cater to different needs. LoanPro is a comprehensive solution with extensive features and customization options, ideal for lenders requiring complex functionalities. Peach offers a simpler, potentially more user-friendly experience, suitable for businesses with straightforward lending processes.

At Gralio.ai we help to simplify your decision-making process by offering detailed, side-by-side software comparisons like this one, to help you confidently choose the tool that aligns with your business goals.

This comparison was created by analysing 23 reviews and 60 websites, saving 37 minutes of reading.

LoanPro

Peach

About

LoanPro is a cloud-based loan management software designed for lenders of all sizes. It helps manage the entire loan lifecycle, from application and approval to servicing, payments, and collections. LoanPro stands out for its flexibility, allowing lenders to create custom loan products and automate processes. It promises improved efficiency, scalability, and the ability to launch new loan programs quickly.

Peach is a cloud-based software designed for financial companies that manage loans. It helps these companies launch and manage a variety of loan types, such as personal, business, and buy-now-pay-later loans. Peach emphasizes its flexible design, claiming it can be easily adjusted to fit different loan products and regulations. It also provides tools for loan servicing, including payment processing, customer communication, and regulatory compliance.

Summary

Main difference

LoanPro offers a wider range of features, including API access, reporting, and pre-built workflows, making it suitable for lenders needing comprehensive loan management. Peach, with its simpler feature set focusing on core lending processes, is a better fit for businesses seeking a straightforward and potentially more user-friendly solution.

Relative strengths of LoanPro (compared to Peach)

LoanPro offers broader feature coverage with API access for integrations, detailed reporting, and pre-built workflows.
LoanPro supports configurable origination workflows and a template library, streamlining loan application processes.
LoanPro caters to a wider range of loan types and complexities.

Relative weaknesses of LoanPro (compared to Peach)

Peach may offer a more intuitive user experience due to its simpler feature set.
Peach could potentially be more cost-effective for businesses with basic lending needs.
Peach's focused approach might lead to faster implementation and onboarding.

Who should use LoanPro VS. Peach

LoanPro is a flexible, cloud-based loan management software catering to lenders of all sizes. It streamlines the entire loan lifecycle, from application to collections. With features like automated workflows, a customer portal, and robust reporting, LoanPro helps lenders improve efficiency and scale their operations. It is best for small to mid-sized businesses.

Peach is a cloud-based loan management software designed for financial companies. It helps manage various loan types, from personal and business loans to buy-now-pay-later options. Peach is praised for its flexible design, enabling it to adapt to different loan products and regulations. It also offers tools for loan servicing, including payment processing, customer communication, and regulatory compliance. Peach facilitates efficient loan management through features such as payment processing, balance tracking, and a customer portal.

Best fit for small to medium-sized businesses.
Ideal for lenders in any industry.

Best for small to mid-sized businesses.
Ideal for companies in the financial services industry.

LoanPro and Peach features

Supported

Partially supported

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Type in the name of the feature or in your own words tell us what you need

Customer portal

Supported

LoanPro supports a borrower-facing portal where customers can view their loan information and make payments.

Supported

Peach supports a borrower-facing portal to view loan information and make payments.
Payment processing

Supported

LoanPro supports the ability to process loan payments from borrowers through its integrated payment processing features.

Supported

Peach supports payment processing for loan payments from borrowers through the Borrower Portal and API.
API access

Supported

LoanPro supports API access for integrating with other systems via API.

Supported

Peach Finance supports API access, allowing integration with other systems via its RESTful API.
Workflows

Supported

LoanPro supports pre-built workflows to facilitate the loan application process through its configurable origination workflows and template library.

Not supported

Peach does not offer pre-built workflows specifically to facilitate the loan application process.
Balance tracking

Supported

LoanPro supports balance tracking: the ability to track outstanding loan balances.

Supported

Peach Finance supports balance tracking for outstanding loan balances.
Reporting

Supported

LoanPro supports generating reports on loan performance, payments, and other metrics.

Not supported

Peach does not support generating reports on loan performance, payments, and other metrics.

Qualities

Value and Pricing Transparency

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Customer Service

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Ease of Use

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Reliability and Performance

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Ease of Implementation

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Scalability

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LoanPro and Peach Pricing

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We couldn't find a pricing page for LoanPro.

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We couldn't find a pricing page for Peach.

LoanPro and Peach review insights

23 reviews analysed from

Users love

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Users dislike

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LoanPro and Peach Ratings

G2

4.2/5

(18)
Glassdoor

3.8/5

(70)

G2

4.5/5

(5)
Glassdoor

5.0/5

(4)

Company health

Employee growth

20% increase in the last year

8% increase in the last year

Web traffic

2% increase in the last quarter

8% decrease in the last quarter

Financing

March 2021 - $100M

June 2021 - $27M

How easily does each product adapt to new loan regulations?

LoanPro is described as flexible and customizable, enabling the creation of custom loan products and automated processes, suggesting adaptability to new regulations though specific details are lacking. Peach explicitly emphasizes its flexible design for easy adjustment to different loan products and regulations, along with tools for regulatory compliance, indicating a potentially stronger focus on regulatory adaptability.

Which product better supports complex, custom loan product configurations?

Both LoanPro and Peach support custom loan configurations, but LoanPro appears to offer more robust customization options. LoanPro explicitly highlights its flexibility for creating custom loan products and automating processes, while Peach emphasizes adaptability to different loan types and regulations. Although both offer core features like payment processing and balance tracking, LoanPro's additional features like API access, reporting, and pre-built workflows suggest a greater capacity for complex configurations and integrations.

What are the advantages of LoanPro?

LoanPro offers a more comprehensive feature set including API access, reporting, and pre-built workflows, making it more suitable for lenders needing robust automation and integration capabilities. It also offers a wider range of features related to the entire loan lifecycle, from origination to collections.

What are the disadvantages of LoanPro?

LoanPro has fewer listed features compared to some competitors and lacks specific industry focus information. It also receives lower ratings on Glassdoor than its competitor Peach, although the sample size is larger for LoanPro. No specific user dislikes were provided, making it difficult to pinpoint further disadvantages without additional information.

Alternatives to LoanPro and Peach

Sageworks Lending

Sageworks Lending, now part of Abrigo, is a loan origination software that helps mid-sized and growing banks in the USA streamline their lending process. The software automates tasks, allowing loan officers to process applications faster, while ensuring compliance and reducing risk. Its data analytics tools provide insights to make informed decisions, improve efficiency, and support growth. Abrigo also offers consulting services with former banking professionals to provide additional support and expertise.

Finflux

Finflux, by M2P Fintech, is a cloud-based software suite providing a range of lending solutions for financial institutions. It includes tools for loan origination, management, and servicing, as well as features like digital onboarding, credit scoring, and reporting. Finflux aims to help businesses streamline their lending processes, improve efficiency, and enhance customer experience through automation and digital workflows. The platform is designed to be scalable and secure, catering to both large banks and smaller fintech companies.

DecisionPro

DecisionPro is a loan origination software that automates steps in the credit underwriting process. Designed for financial institutions, it helps process credit applications by providing automated decisions or recommendations based on pre-defined policies. This streamlines the loan origination process, reducing manual work and improving efficiency.

Applied LMS

Applied LMS is a cloud-based loan management software designed for small to medium lending businesses. It offers a suite of tools to manage the entire loan lifecycle, from application and underwriting to servicing and collections. The platform aims to simplify loan operations, reduce manual processes, and improve efficiency. Key features include automated workflows, customer relationship management, reporting and analytics, and integrations with payment gateways. Applied LMS prides itself on its user-friendly interface and responsive customer support.

Kolleno

Kolleno is an accounts receivable automation software designed for mid-sized and enterprise businesses. It aims to simplify and automate financial operations, including invoicing, payments, and collections. The platform offers automated payment reminders, multiple payment options, and integrates with popular accounting software. Kolleno boasts a user-friendly interface and promises to reduce manual tasks and improve cash flow.

CloudBankin

CloudBankin is a software suite designed for financial institutions to manage lending operations digitally. It offers tools for loan origination, servicing, digital banking, and more. The platform supports various loan products for individuals and businesses, including business loans, mortgages, and personal loans. CloudBankin allows for customization and independent configuration, enabling businesses to tailor the software to their needs. It aims to streamline and automate lending processes, offering seamless integrations for a comprehensive digital lending solution.

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