Community Lending Platform Rules and Policies

1. Eligibility and Registration

• 1.1 All users must be registered members of the platform. Contributions, borrowing, and earning features are available only to registered users.
• 1.2 Users are responsible for providing accurate and up-to-date information.

2. Contribution Guidelines

• 2.1 Users can contribute any amount to the pool. Contributions help provide funds for borrowers and earn a return based on lending fees.
• 2.2 Once contributed, funds remain in the pool and are available for lending to other users. Users may not withdraw contributions but will receive earnings through the lending system.
• 2.3 Contributions are tracked and credited to each user’s account balance, visible in the dashboard.

3. Borrowing Policy

4. Repayment Terms

• 4.1 Borrowers are required to repay by the specified due date. Repayment includes the borrowed amount plus a lending fee, as determined by the selected repayment period.
• 4.2 Failure to repay on time will result in a late fee. Users with overdue payments may face borrowing restrictions until the repayment is completed.
• 4.3 Flexible repayment options allow users to select a repayment period, but higher fees apply for extended terms.

5. Distribution of Earnings

• 5.1 Upon repayment, lending fees are distributed to contributors based on their pool share percentage. Contributors can view their earnings in their accounts.
• 5.2 The platform deducts a small service fee (e.g., 1-2%) from each borrowing transaction to support platform operations.
• 5.3 The lending fees will not be shared with the borrower to whom the lending fees has been charged.

6. Referral and Rewards Program

• 6.1 Users can refer others to the platform using unique referral codes. Successful referrals may earn rewards, such as a bonus on the contributor’s balance or reduced fees.
• 6.2 Rewards for referrals are credited after the new user makes a qualifying transaction (e.g., contribution or borrowing).

7. Member Tiers

• 7.1 Members may upgrade to premium tiers, providing additional benefits, such as:
  • Reduced fees on borrowing.
  • Priority borrowing access.
• 7.2 Membership fees apply for premium tier benefits.

8. Community conduct

• 8.1 Users are expected to maintain respectful and professional interactions within the forum.
• 8.2 Spamming, abusive language, or harassment will result in a warning or suspension of account privileges.

9. Data and Privacy

• 9.1 All user data is handled per our Privacy Policy. Only aggregate data insights may be shared externally, never individual user information.
• 9.2 Users can request data deletion or updates as outlined in the platform’s Privacy Policy.

10. Platform Fees and Changes

• 10.1 The platform reserves the right to modify service fees and policies as necessary. Users will be notified of changes via announcements in the forum.
• 10.2 The platform reserves the right to suspend or terminate accounts found violating these rules.

11. Permissions and Perks

• 11.1
  • 11.1.1 HOT: These users are temporarily debarred from requesting a new loan.
    This happens when a user has requested a loan three or more times in a period of 15 days.
  • 11.1.2 After some time(usually a week) the user status is updated to COOL again and he/she becomes eligible to request a loan again.
  • 11.1.3 Users need to be Verified to get Cool(Can borrow) status and only Cool users will be allowed to borrow or withdraw money from Jaitus.
  • 11.1.4 The KINGPIN user is an exception to these rules.

• 11.2 KINGPIN user; Can borrow money with interest rates same as for the 1st week for all following weeks and half of the current transaction fee.
• 11.3 ACE user(s); 10% of the profit earned from a particular would be reserved for Ace user(s) and will be distributed equally among them. The rest 90% would be divided among other user(s) including Ace user(s).

12. Investing

• 12.1 How It Works
  • 12.1.1 Users can post in the Invest tag specifying the amount they wish to invest from their balance. This amount will be temporarily deducted from your Jaitus account balance.
  • 12.1.2 The amounts requested by all members are added to an Investment Pool and invested collectively in a specified opportunity (e.g. Stocks, or other ventures).
  • 12.1.3 Any profit will be distributed to participants based on their contribution share in the pool.
  • 12.1.4 Any loss will also be shared proportionately among all participants.
• 12.2 Participation Rules
  • 12.2.1 Minimum Investment: Members must invest at least ₹[minimum amount] to participate in the pool.
  • 12.2.2 Maximum Investment: A cap of ₹[maximum amount] per user may be imposed to ensure balanced contributions.
  • 12.2.3 Non-Refundable: Once the funds are added to the investment pool, they cannot be withdrawn until the investment cycle ends.
• 12.3 Returns Calculation
  • 12.3.1 Proportional Sharing: Your share of the profits or losses will be calculated as:
  • 12.3.2 Your Share = (Your Contribution / Total Pool) × Total Profit or Loss
  • 12.3.3 A small platform fee (e.g., 1-2% of profits) may be deducted from the returns to support operational costs.
• 12.4 Risk Acknowledgment
  • 12.4.1 Market Risk: Investments are subject to market risks, and profits are not guaranteed.
  • 12.4.2 Loss Acceptance: Any losses incurred in the investment will be distributed among participants based on their contribution share.
• 12.5 Transparency and Updates
  • 12.5.1 Investment Details: Jaitus will provide updates on the type of investment, expected returns, and associated risks before the pool closes.
  • 12.5.2 Tracking Progress: Members can track the status of the investment cycle via the Investments Section in their dashboard.
  • 12.5.3 End-of-Cycle Report: A detailed summary of the investment, including total profit/loss, deductions, and final distribution, will be shared at the end of each cycle.
• 12.6 Eligibility Criteria
  • 12.6.1 Only verified members with sufficient balances can participate in the investment pool.
  • 12.6.2 Members with outstanding loans or unpaid dues may not be eligible to contribute to the investment pool until their accounts are in good standing.
• 12.7 General Rules
  • 12.7.1 No Guarantees: Participation in the investment pool does not guarantee returns. All investments are subject to market and other associated risks.
  • 12.7.2 Fair Distribution: Jaitus ensures transparent and fair profit/loss distribution based on each member’s contribution.
  • 12.7.3 Platform Rights: Jaitus reserves the right to reject investment requests, alter investment opportunities, or terminate the feature at its discretion.
• 12.8 Contact Support
  • 12.8.1 For questions or clarifications regarding the Investment Feature, please contact our support team at support@jaitus.com.

13. Violation of rules

• 13.1 The platform reserves the right to modify service fees and policies as necessary. Users will be notified of changes via announcements in the forum.
• 13.2 The platform reserves the right to suspend or terminate accounts found violating these rules.