Last updated: 2026-05-06. Effective: 2026-06-05.
These Terms of Use are an agreement between you and Cloud Motion Lab LLC ("we", "our", "us"). They govern your use of Loan Calculator (the "App"). Please read them. Section "Arbitration, Class Waiver, and Opt-Out" affects how disputes between us are resolved, including a 30-day window to opt out.
By tapping a button labeled "Continue", "Get Started", "Subscribe", "I Agree", or any equivalent action that the App presents alongside a link to these Terms, you affirm that you have read and agree to these Terms, our Privacy Policy, and our End User License Agreement. The App may also record the version of these Terms and the date you accepted them. If you do not agree, do not use the App.
Loan Calculator is rated 4+. You must be at least the age corresponding to that rating, and at least the age of legal capacity in your jurisdiction, to use the App. If you are using the App on behalf of a minor of an age permitted by the rating, you represent that you are the parent or legal guardian and accept these Terms on the minor's behalf. We do not knowingly allow users under 13.
Loan Calculator is an iOS application that estimates monthly payments, total interest, amortization schedules, and extra-payment savings for personal, mortgage, auto, and student loans. All calculations are performed locally on your device. Loan Calculator is a personal estimation tool and is not financial advice. Real loan terms depend on lender disclosures, fees, taxes, insurance, and underwriting outcomes that the App does not model. Features may evolve. We may add, change, or remove features at our discretion. Material reductions in functionality of paid features will be communicated under the Material Change Notification section.
Subject to your compliance with these Terms, we grant you a personal, non-exclusive, non-transferable, non-sublicensable, revocable license to install and use Loan Calculator on Apple-branded devices that you own or control, for your personal, non-commercial use. This license is separate from the End User License Agreement, which governs your installation of the App binary itself.
You retain ownership of any text, images, audio, or other content you input into the App ("Inputs"). You grant us a worldwide, royalty-free, sublicensable license to use, store, process, and transmit your Inputs solely to operate and improve the App, including by transmitting them to third-party AI service providers identified in our Privacy Policy. You represent that your Inputs do not infringe anyone's intellectual property, privacy, or publicity rights, and you agree to indemnify and defend us against claims arising from your Inputs or your use of any AI-generated outputs. To the extent allowed by our AI providers, AI outputs you generate are owned by you.
You agree not to use Loan Calculator to:
The App may include automated content filters, but you remain responsible for what you input and what you do with the output.
Loan Calculator offers one-time, non-consumable in-app purchases:
All purchases are processed by Apple. Pricing may vary by region and is subject to change. Refund requests are processed by Apple at reportaproblem.apple.com.
If you reinstall the App or use a new device, sign in with the same Apple ID and tap Restore to restore your Pro entitlement at no additional charge.
Loan Calculator is provided "as is" and "as available", without warranty of any kind, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, accuracy, non-infringement, or freedom from interruption or error. We do not warrant that the App will meet your requirements, that any specific generation, prediction, measurement, or output will be accurate, or that the App will be available at all times. Some jurisdictions do not allow exclusion of implied warranties; in those jurisdictions the exclusion applies only to the extent permitted.
To the maximum extent permitted by law, our total liability to you for any claim arising from or relating to your use of Loan Calculator will not exceed the greater of (i) the amount you paid us in the 12 months preceding the claim, or (ii) US$100. We are not liable for indirect, consequential, incidental, special, or punitive damages, or for lost profits, lost data, or business interruption. Nothing in this section limits liability for fraud, willful injury to person or property, gross negligence, our own intellectual property infringement, statutory consumer-protection claims that cannot be limited, or any liability that cannot be limited under applicable law, including under California Civil Code Section 1668. Where applicable law does not allow these exclusions, they apply only to the extent permitted.
You agree to defend, indemnify, and hold harmless Cloud Motion Lab LLC, its affiliates, and its personnel against any claim, loss, liability, or expense (including reasonable attorneys' fees) arising from (a) your Inputs, (b) your use of any AI-generated output, (c) your breach of these Terms, (d) your violation of any applicable law, or (e) your violation of any third-party right.
We will defend you against a claim by an unaffiliated third party that the unmodified App as distributed by us directly infringes that third party's U.S. registered intellectual property right, and we will pay damages finally awarded by a court of competent jurisdiction or amounts agreed in a settlement we approve. This obligation does not apply to claims based on (a) your Inputs, (b) AI-generated output, (c) your modification of the App, (d) combination of the App with other products or services not provided by us, or (e) use of the App in violation of these Terms. This is our sole obligation, and your sole remedy, for any third-party intellectual property claim relating to the App.
Read this section carefully. It limits your right to bring a court action and a class action.
Informal Resolution Period. Before either of us starts an arbitration, you and we agree to try to resolve the dispute informally for 60 days. To start the period, you send a written notice to dev@slyapp.co describing the claim, the relief you want, and your contact information. We will send our notice to the email address associated with your Apple Account where available, or otherwise to the contact you have provided. The 60-day period tolls any statute of limitations.
Binding Individual Arbitration. If the dispute is not resolved informally, any dispute between you and us arising out of or relating to Loan Calculator or these Terms will be resolved by individual binding arbitration administered by the American Arbitration Association under its Consumer Arbitration Rules then in effect, in the county of your residence, or, at your election, by video. The Federal Arbitration Act governs the interpretation and enforcement of this provision.
Class, Collective, and Representative Action Waiver. You and Cloud Motion Lab LLC waive any right to bring or participate in any class, collective, or representative proceeding. The arbitrator may award relief only on an individual basis.
Mass-Arbitration Batching. If 50 or more substantively similar arbitration demands are filed against us within a 60-day window by claimants represented by the same or coordinated counsel, the demands will proceed in sequential batches of up to 50 claims selected as a representative bellwether panel; the remaining claims pause; statutes of limitation are tolled for paused claims; and the parties will participate in mediation after the first batch closes. The batching mechanism is intended to make arbitration affordable for both sides and to avoid the abusive-filing pattern courts now scrutinize. Either party may seek a court order to enforce the batching protocol.
Small-Claims Carve-Out. Either party may bring a qualifying individual claim in a small-claims court of competent jurisdiction in lieu of arbitration. This carve-out is required by California SB 940 for California consumers and applies to all consumers regardless of state.
Loser-Pays-Frivolous. The arbitrator may shift attorneys' fees and costs against a party that brings a frivolous or harassing claim, to the extent permitted by the AAA Consumer Rules and applicable law.
30-Day Opt-Out. You may opt out of this arbitration agreement by emailing dev@slyapp.co with the subject line "Arbitration Opt-Out" and your Apple Account email or other identifier within 30 days of first downloading the App or, for current users, within 30 days after the effective date of these Terms. Opting out does not affect any other part of these Terms.
Severability and Poison-Pill. If the Class Waiver is held invalid or unenforceable as to a particular claim, the entire Arbitration agreement is severed as to that claim and the dispute proceeds in court. Severance of one provision does not invalidate the remainder of these Terms.
Scope Limit. Consistent with California SB 82 (effective January 1, 2026), this Arbitration agreement applies only to disputes about the use, payment, or provision of Loan Calculator and does not extend to unrelated future products or services.
These Terms are governed by the laws of the State of Wyoming, where Cloud Motion Lab LLC is organized, without regard to conflict-of-laws principles, except that the consumer-protection laws of your home state may also apply and any rights they grant you are not waived by these Terms. The United Nations Convention on Contracts for the International Sale of Goods does not apply.
Subject to the Arbitration section, any judicial proceeding will be brought exclusively in the state or federal courts located in Sheridan County, Wyoming, and you and we consent to the personal jurisdiction of those courts. If you are a California consumer, the venue restriction of California SB 940 applies and you may bring qualifying disputes in the California state court of your county of residence.
Except as provided in the Arbitration section, you and Cloud Motion Lab LLC agree that any judicial proceeding will be conducted on an individual basis and not as a class, collective, or representative action.
Neither party is liable for any delay or failure to perform caused by events outside reasonable control, including acts of God, pandemic, war, terrorism, government order, internet or third-party service outage including outages of Apple, RevenueCat, or TelemetryDeck, cyberattack, or labor action.
You may not assign these Terms without our prior written consent. We may assign these Terms in connection with a merger, acquisition, sale of assets, or by operation of law, in which case the successor will be bound by these Terms.
These Terms, together with the Privacy Policy, the End User License Agreement, and any in-app supplemental terms presented at the point of a specific feature, constitute the entire agreement between you and us with respect to Loan Calculator and supersede prior agreements on the same subject.
Legal notices to us must be sent to Cloud Motion Lab LLC, 30 N Gould St Ste R, Sheridan, Wyoming 82801, United States, or by email to dev@slyapp.co. We may give you notices through the App, through the email address associated with your Apple Account where available, or by posting on the page where these Terms appear.
Our failure to enforce any provision of these Terms is not a waiver of that provision or any other.
If any provision of these Terms is held invalid or unenforceable, that provision is modified to the minimum extent necessary to make it valid, and the remaining provisions remain in full force, except as provided in the Arbitration section's Severability and Poison-Pill clause.
We may update these Terms. For material changes, including changes to the Arbitration section, expansion of categories of data we collect, changes that reduce your rights, or new fees, we will give at least 30 days' advance notice through an in-app banner and, where available, the email address associated with your Apple Account, and will update the effective date at the top of this page. If you do not agree with the updated Terms, you may stop using the App and request deletion of any account or data as described in the Privacy Policy. Continued use on or after the effective date constitutes acceptance.
You and we acknowledge that these Terms are concluded between you and Cloud Motion Lab LLC only, and not with Apple, and that Cloud Motion Lab LLC, not Apple, is solely responsible for Loan Calculator and its content. You and we further acknowledge that Apple and Apple's subsidiaries are third-party beneficiaries of these Terms, and that upon your acceptance of these Terms, Apple will have the right (and will be deemed to have accepted the right) to enforce these Terms against you as a third-party beneficiary thereof.
You may not use, export, or re-export Loan Calculator except as authorized by United States law and the laws of the jurisdiction in which the App was obtained. You represent that you are not located in, under the control of, or a national or resident of any country to which export of the App is prohibited by U.S. law, and you are not on any U.S. government list of prohibited or restricted parties.
We may suspend or terminate your access to the App at any time for breach of these Terms or for any other lawful reason. The sections that by their nature should survive termination will survive, including the Arbitration, Limitation of Liability, Indemnification, Governing Law, Venue, and Entire Agreement sections.
Questions about these Terms: dev@slyapp.co.