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Terms of Use

LoanIt – Terms of Use

Last updated: 20 November 2025

These Terms of Use (“Terms”) govern your access to and use of the LoanIt iOS application and related websites and services (collectively, the “Service”).

By installing, accessing, or using LoanIt, you agree to be bound by these Terms. If you do not agree, you must not use the Service.

1. Who we are

The Service is owned and operated by:

Saud Alhafith (individual) Riyadh, Saudi Arabia Email: saudalhafith@gmail.com

In these Terms, “LoanIt”, “we”, “us”, and “our” refer to Saud Alhafith. “You” refers to the individual using the Service.

Our Privacy Policy explains how we collect and use your personal data and is incorporated into these Terms by reference.

2. What LoanIt is (and is not)

LoanIt is a tool that helps you:

  • Record interpersonal loans and shared expenses between friends or small groups
  • Track who paid, who owes, and how much
  • View analytics and summaries of your balances
  • Send and receive reminders and notifications related to these records

LoanIt does not:

  • Move, hold, or process money
  • Connect to bank accounts, cards, or payment networks
  • Provide accounting, tax, financial, or legal advice

All real-world payments and financial arrangements are outside the Service and are strictly between you and the other people involved.

3. Eligibility and accounts

3.1 Eligibility

You may use LoanIt only if:

  • You have the legal capacity to enter into a binding contract under the laws of your country, and
  • You are not prohibited from using the Service under any applicable laws.

If you are under the age of majority in your jurisdiction, you should use the Service only with the consent and supervision of a parent or legal guardian.

3.2 Account registration

To use most features, you must create an account using:

  • Your email and a password, or
  • A supported sign-in provider (e.g., Apple, Google).

You agree to:

  • Provide accurate and up-to-date information
  • Keep your login credentials secure
  • Notify us promptly if you suspect unauthorized access to your account

You are responsible for all activity that occurs under your account.

4. User content and responsibilities

4.1 Your content

When you use LoanIt, you may provide content including:

  • Loan titles and notes
  • Participant names
  • Transaction descriptions, amounts, dates, and splits
  • Reminder texts and other free-form text

You remain the owner of your content. However, you grant us a worldwide, non-exclusive, royalty-free license to host, store, process, and display your content solely for the purpose of operating and improving the Service.

4.2 Your responsibilities to others

You are solely responsible for:

  • The accuracy of the amounts, splits, and loan details you enter
  • Obtaining any necessary consent from people whose names or contact details you add as participants
  • Ensuring that your use of the Service complies with all applicable laws

You must not use the Service to:

  • Harass, abuse, or defame others
  • Share personal data of others without a lawful basis or consent
  • Record illegal debts or activities
  • Engage in fraud or misrepresentation

LoanIt provides a shared record of loans for participants. Others in your loan groups may see your entries relating to that loan.

5. Pro subscription and billing

LoanIt is offered as:

  • A free tier with core features, and
  • An optional Pro subscription with additional features (e.g., advanced analytics, scheduled reminders, exports, themes).

5.1 In-app purchases

Pro subscriptions are purchased and managed through the Apple App Store using your Apple ID. As a result:

  • Prices (e.g., $1.99/month or $12.99/year at the time of writing) are shown in your local currency by Apple.
  • Billing, renewal, and cancellation are handled by Apple, not directly by us.
  • We do not store your full payment card details.

Apple’s own terms for in-app purchases apply in addition to these Terms.

5.2 Renewal and cancellation

Unless stated otherwise:

  • Subscriptions renew automatically at the end of each billing period.
  • You can cancel at any time via your Apple ID / App Store subscription settings.
  • If you cancel, you retain access to Pro features until the end of the current paid period. After that, your account will revert to the free tier.

We do not guarantee refunds beyond what is provided via Apple’s policies. You may request refunds through Apple where available.

5.3 Price and feature changes

We may change Pro pricing or features in the future. Where required by law or platform rules:

  • We will notify you in advance of any material changes.
  • Continued use or renewal after the change will constitute acceptance of the new pricing or features.

6. License and intellectual property

6.1 License to you

Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, revocable license to:

  • Install and use the LoanIt iOS app on devices you own or control, and
  • Access and use the Service solely for your personal, non-commercial use.

6.2 Our rights

We (or our licensors) own all rights, title, and interest in and to:

  • The Service and all related software
  • The design, logos, branding, and trademarks of LoanIt
  • All content we provide (excluding your own content)

You may not:

  • Copy, modify, distribute, sell, or lease any part of the Service
  • Reverse engineer or attempt to extract the source code, except where permitted by law
  • Use our name, logo, or trademarks without our prior written consent

7. Acceptable use

You agree that you will not:

  1. Use the Service for any illegal purpose or in violation of any law or regulation.
  2. Attempt to gain unauthorized access to the Service or related systems.
  3. Interfere with or disrupt the Service or its infrastructure.
  4. Use automated means (bots, scrapers) to access the Service without our permission.
  5. Circumvent usage limits, security features, or access controls.
  6. Upload harmful code (viruses, malware, scripts) or perform load or vulnerability testing without prior consent.

We reserve the right (but have no obligation) to monitor use of the Service and to take action (including suspension of accounts) to protect the Service and other users.

8. Third-party services

LoanIt integrates with third-party services such as:

  • Authentication and database providers (e.g., Supabase)
  • Analytics providers (e.g., PostHog, Firebase Analytics)
  • Push notification services (e.g., Apple Push Notification service, Firebase Cloud Messaging)
  • Subscription management (e.g., RevenueCat)
  • Hosting and infrastructure providers
  • Email delivery providers

These third parties have their own terms and privacy policies, which may apply to your use of their services. We are not responsible for third-party services or their practices.

9. Data and privacy

Our Privacy Policy describes:

  • What information we collect
  • How we use and share it
  • Your rights and choices

By using the Service, you agree that we can process your data in accordance with the Privacy Policy.

You are responsible for ensuring that your use of LoanIt (for example, adding names of others) is lawful and compliant with privacy or data protection rules that apply to you.

10. Termination and suspension

10.1 Your right to stop using the Service

You may stop using LoanIt at any time. Within the app you may:

  • Sign out or delete the app from your device
  • Delete your account and, in many cases, delete specific loans or transactions

Deleting the app alone does not delete your account or data on our servers.

10.2 Our right to suspend or terminate

We may suspend or terminate your access to all or part of the Service, with or without notice, if we reasonably believe that you:

  • Have violated these Terms or applicable law
  • Are using the Service in a way that could harm us, the infrastructure, or other users
  • Are engaging in fraud, abuse, or security threats

Where reasonable, we will attempt to notify you of the reason for suspension or termination.

10.3 Effect of termination

If your account is terminated:

  • Your license to use the Service ends immediately
  • We may delete or anonymize your personal data as described in the Privacy Policy
  • Some information may remain in anonymized or aggregated form (for example, to preserve other users’ loan history or for analytics)

Termination does not entitle you to a refund of any fees already paid, except where required by law or platform rules.

11. Disclaimers

To the maximum extent permitted by law, the Service is provided on an “AS IS” and “AS AVAILABLE” basis, without warranties of any kind, whether express, implied, or statutory, including but not limited to:

  • Implied warranties of merchantability, fitness for a particular purpose, or non-infringement
  • Any warranties that the Service will be uninterrupted, secure, or error-free
  • Any warranties regarding the accuracy or completeness of balances, analytics, or reports produced by the Service

You understand and agree that:

  • LoanIt is a record-keeping tool only and does not verify the accuracy of your entries.
  • We do not guarantee that other participants will pay you or honor arrangements recorded in the app.
  • You are solely responsible for decisions you make based on information in the app.

Nothing in these Terms creates any fiduciary duty, professional adviser relationship, or other special relationship between you and us.

12. Limitation of liability

To the maximum extent permitted by law:

  1. Exclusion of certain damages We will not be liable for any indirect, incidental, consequential, special, punitive, or exemplary damages, including lost profits, lost data, or business interruption, arising out of or relating to your use of the Service, even if we have been advised of the possibility of such damages.

  2. Cap on direct damages Our total aggregate liability for any and all claims arising out of or relating to the Service or these Terms will not exceed the greater of:

    • The amount you have paid to us for Pro subscriptions in the 12 months immediately preceding the claim, or
    • USD $10 (or equivalent in your local currency) if you have not paid for Pro.

Some jurisdictions do not allow certain limitations of liability, so some of the above limitations may not apply to you. In such cases, our liability will be limited to the fullest extent permitted by applicable law.

Nothing in these Terms is intended to exclude or limit any liability that cannot be excluded or limited under applicable law.

13. Indemnification

To the extent permitted by law, you agree to indemnify and hold harmless Saud Alhafith and any related parties from and against any claims, liabilities, damages, losses, and expenses (including reasonable legal fees) arising out of or related to:

  • Your use of the Service
  • Your violation of these Terms
  • Your violation of any rights of another person (including privacy or data protection rights)
  • Your use of the Service to record or manage illegal activities or debts

14. Changes to the Service and these Terms

We are continuously improving LoanIt and may:

  • Add, modify, or remove features
  • Change our infrastructure or providers
  • Discontinue parts of the Service

We may update these Terms from time to time. When we do:

  • We will update the “Last updated” date at the top, and
  • Where required or appropriate, we will notify you (for example, via the app or by email)

If you continue to use the Service after changes take effect, you agree to the updated Terms. If you do not agree, you must stop using the Service.

15. Governing law and disputes

These Terms and any disputes arising out of or relating to them or the Service will be governed by the laws of the Kingdom of Saudi Arabia, without regard to its conflict of law rules.

You and we agree that the courts of Riyadh, Saudi Arabia will have exclusive jurisdiction over any such disputes, unless applicable law requires a different venue.

If you are a consumer and mandatory consumer protection laws in your country require different rules, those rules may apply to you.

16. Miscellaneous

  • Entire agreement – These Terms (together with the Privacy Policy) constitute the entire agreement between you and us regarding the Service.
  • Severability – If any provision of these Terms is found invalid or unenforceable, the remaining provisions will remain in full force and effect.
  • No waiver – Failure to enforce any provision is not a waiver of our right to enforce it later.
  • Assignment – You may not assign or transfer your rights or obligations under these Terms without our prior written consent. We may assign these Terms in connection with a merger, sale, or other restructuring.

17. Contact

If you have questions about these Terms or the Service, you can contact:

Saud Alhafith Riyadh, Saudi Arabia Email: saudalhafith@gmail.com