Best OkCredit Alternative in India (2026): Top 5 Khata & Loan Tracking Apps
OkCredit pioneered the digital khata category in India, but as the lending and accounting space evolved, many users — especially money lenders, financiers, and SMEs — outgrew its feature set. If you're hunting for an OkCredit alternative in 2026, here are the five strongest options ranked by feature depth, pricing, and India-specific use cases.
Why look beyond OkCredit?
- No native EMI scheduling for interest-bearing loans
- Limited automation for WhatsApp/SMS reminders on Pro
- Lender-specific reports (amortisation, byaj summary) are basic
- Service interruptions and licensing changes since 2023 created uncertainty
Quick comparison
| App | Best for | Free | Pro | EMI engine | Auto WhatsApp |
|---|---|---|---|---|---|
| VyajPay 🥇 | Money lenders, EMI tracking | Yes | ₹200/mo | Yes — flat & reducing | Yes |
| Khatabook | Shop udhaar | Yes | ~₹500/yr | No | Manual |
| Byaj Book | Interest tracking only | Yes | ₹299/mo | Partial | Manual |
| MyBillBook | GST billing + khata | Yes | ₹399/mo | No | No |
| Vyapar | SME accounting + inventory | Limited | ₹3,599/yr | Limited | No |
1. VyajPay Editor's pick
Why it tops the list: VyajPay is the only app in this list built ground-up for interest-bearing lending rather than retail udhaar. If you give loans and charge byaj/vyaj, no other Indian app handles the math, scheduling, and follow-up as cleanly.
- Native flat & reducing-balance EMI engine
- Auto WhatsApp + SMS reminders before/on/after EMI dates
- Customer khata + structured loan ledger in one app
- PDF amortisation statements with your business letterhead
- Offline-first with conflict-free cloud sync
- English / Hindi / Gujarati UI
- Web dashboard at vyajpay.com
Pricing: Free plan + Pro at ₹200/month. Download for Android.
2. Khatabook
India's most-installed khata app with the widest language support (13+). Strongest for kirana shops with simple credit/debit ledgers. Limited interest engine; manual reminders on most plans. Read our full Khatabook vs VyajPay comparison.
3. Byaj Book
Focused name-fit for byaj tracking. Handles simple interest reasonably but the UI feels dated and there is no proper amortisation engine for reducing-balance EMIs. See our Byaj Book alternative piece for a full breakdown.
4. MyBillBook
Solid choice if your primary need is GST invoicing with a side of khata. Not designed for lenders — there is no EMI module. Strong reporting for retail and B2B sales businesses.
5. Vyapar
SME accounting workhorse with inventory, GST, payroll, and basic ledger. Heavy for a single-user lender; better suited to traders managing inventory + receivables.
How to choose
- You lend money & charge interest: VyajPay.
- You run a kirana shop with udhaar customers: Khatabook.
- You bill GST invoices and want a khata too: MyBillBook.
- You manage inventory + accounting: Vyapar.
Migrating from OkCredit
OkCredit lets you export your customer list as PDF/CSV from Settings → Backup. Once exported, you can import to VyajPay or Khatabook. With VyajPay, the import preserves outstanding balances and lets you re-attach interest rules per borrower in seconds.
FAQ
Is OkCredit shutting down?
The core app remains live but OkCredit's strategic direction shifted after licensing changes in 2023. Many lenders proactively moved to dedicated apps like VyajPay for stronger interest and EMI tracking.
Which OkCredit alternative is the most secure?
VyajPay uses end-to-end encryption and Firebase secure cloud storage with daily backups. Your data is never sold.
Can I use multiple devices on the same account?
Yes, VyajPay syncs across phone + web. Khatabook also supports multi-device but requires Pro for multi-staff access.