Comparison
MyLoanBook vs a Spreadsheet
Most brokers start with a spreadsheet, and for a small book it works: paste the statement in, compare to last month, note what changed. It stops working when the book passes a hundred loans, when a lender changes its export, or when the person who built the formulas leaves. MyLoanBook is the spreadsheet a broker would build if they had a year to build it: it reads the file, matches loans month to month, and turns the result into a calendar, a board and a message. The spreadsheet is still the right tool for the occasional check; it is the wrong tool for a book you intend to keep.
| Capability | MyLoanBook | Spreadsheet | Basis |
|---|---|---|---|
| Cost | Partial | Yes | A spreadsheet is effectively free. MyLoanBook is free during beta and from $29 a month after launch. |
| Reads the RCTI export without manual work | Yes | No | Pasting, cleaning and matching are manual in a spreadsheet. |
| Matches loans month to month automatically | Yes | Partial | Possible with lookups, fragile when accounts change or lenders migrate systems. |
| Clawback windows with days remaining | Yes | Partial | A date column and a formula work until the book grows. |
| Review calendar with reminders | Yes | No | Spreadsheets do not send reminders. |
| Repricing board and client messages | Yes | No | Outside what a spreadsheet does. |
| Valuation with history | Yes | Partial | A multiple times a cell is easy; a twelve-month trend with run-off is not. |
| Survives the person who built it leaving | Yes | No | Formula spreadsheets rarely outlive their author. |
| Client data stays where you put it | Partial | Yes | A local spreadsheet never leaves your machine; MyLoanBook stores data in Australia with row-level isolation. |
Choose MyLoanBook if
- Your book is past about a hundred loans and the monthly comparison takes more than an hour.
- You want reminders, a pipeline and messages driven by the numbers.
- More than one person needs to see the book.
Choose a spreadsheet if
- Your book is small and you enjoy the monthly check.
- You need a one-off calculation rather than an ongoing routine.
- You are not ready to put client data in any third-party tool.
Frequently asked questions
Can I export from MyLoanBook back to a spreadsheet?
Yes. Every table can be exported, so the spreadsheet remains available for anything the app does not do.
What does the free quick analysis do?
It reads your LMG file in the browser and shows headline figures without creating an account or uploading anything. It is the fastest way to compare with your own spreadsheet.
Related
Last reviewed 05/09/2026 · Verified against lender material 05/09/2026
Sources: MyLoanBook quick analysis (accessed 05/09/2026)