Terms of Service

Effective Date: February 13, 2025
Last Updated: February 13, 2025

1. Introduction

Welcome to Pari, a peer-to-peer lending platform provided by Pari Finance Inc. ("Pari," "we," "our," or "us"). These Terms of Service ("Terms") govern your access to and use of our website and mobile application (collectively, the "Platform"). By using Pari, you agree to these Terms. If you do not agree, you may not use our services.

2. Service Description

Pari enables users to lend and borrow money among family and friends. It is not an open marketplace for lending between strangers. Pari does not facilitate, guarantee, or underwrite any loans. All transactions are private arrangements between individual users.

3. User Responsibilities

By using Pari, you agree to the following:

  • You will use Pari solely for private lending between family and friends.

  • You will not engage in fraudulent, illegal, or misleading activities on the Platform.

  • You are responsible for complying with all applicable state and federal laws.

  • You acknowledge that Pari does not recommend or condone lending between strangers.

4. Loan Liability

  1. Defaulted Loans: In the event of a default, users bear full responsibility for any financial losses. Pari is not liable for settling disputes, collecting debts, or mediating any conflicts arising from loan agreements.

  2. Usury Laws: Private loans between family and friends may be exempt from state usury laws, but this exemption can vary by jurisdiction. Users must acknowledge that it is possible to exceed state-imposed usury limits, and if so, they assume full legal responsibility. Pari will not be liable for any regulatory or legal implications related to interest rates.

  3. Tax Reporting: Each user is independently responsible for accurate self-reporting of income, interest, or any other tax-related obligations. Pari does not provide tax advice nor files tax forms on behalf of users.

  4. Money Laundering: Users agree not to utilize Pari to facilitate money laundering or any illicit financial activities. Pari reserves the right to suspend accounts engaged in suspicious activities.

5. Privacy Policy

Your privacy is important to us. Pari collects, stores, and processes user data as outlined in our Privacy Policy. By using Pari, you consent to our data collection and usage practices.

6. Open Banking and Data Access

  1. Consent to Access: By using Pari, you grant us permission to access and co-own your banking data through open banking integrations. This may include transaction history, balances, and other relevant financial information necessary to facilitate and monitor lending and borrowing transactions.

  2. Scope of Data Use: Pari may use collected data to enhance user experience, develop new services, and detect fraudulent or prohibited activities.

7. Pari’s Right to Data Collection

  1. Types of Data: Pari collects various data points such as transaction history, loan amounts, repayment schedules, and personal information provided by users.

  2. Use of Data: Collected data may be used for analytics, improving platform services, preventing fraud, or complying with legal obligations.

  3. User Consent: By using Pari, you consent to our data collection, storage, processing, and retention as described in these Terms and our Privacy Policy.

8. Prohibited Activities

Users may not:

  • Use Pari for illegal or unauthorized purposes.

  • Provide false information or misrepresent their identity.

  • Engage in harassment, abuse, or other fraudulent activities.

  • Attempt to hack, disrupt, or compromise Pari’s security systems.

Pari reserves the right to suspend or terminate accounts violating these Terms.

9. Disclaimers & Limitations of Liability

  • Pari is not a financial institution, lender, or broker.

  • Pari does not guarantee repayment of any loans.

  • Pari is not responsible for disputes, defaults, or damages arising from user transactions.

  • Pari is not responsible for any state or federal legal implications of user-imposed interest rates.

  • Pari provides its services “as is” without warranties of any kind.

10. Indemnification

You agree to indemnify, defend, and hold harmless Pari, its officers, employees, and affiliates from any claims, losses, liabilities, or expenses arising from or related to your use of the Platform.

11. Governing Law & Dispute Resolution

These Terms are governed by the laws of [Insert Jurisdiction]. Any disputes will be resolved through binding arbitration in [Insert Location], unless otherwise required by law.

12. Changes to These Terms

Pari may update these Terms from time to time. Users will be notified of significant changes, and continued use of the Platform constitutes acceptance of the revised Terms.

13. Contact Information

For questions about these Terms, please contact us at:

By using Pari, you acknowledge that you have read, understood, and agreed to these Terms of Service.