Loan Payment Terms

1. Payment Currency: All loan payments must be made in Just Xchange ​(JX) lending.
2. Due Date: The due date for each loan payment will be specified in the ​loan agreement or as specified in the Loan Table.
3. Payment Methods: Payments can be made through the JX platform ​or any other approved payment method.
4. Late Payments: Any payments made after the due date will be ​subject to a late fee (0.29% daily + .5 % daily penalty).

Consequences of Non-Payment

1. Late Fees: Failure to make a payment on the due date will result in ​a late fee being charged. The amount of the late fee will be ​calculated based on the outstanding balance and the applicable ​late fee rate.
   
2. Default: If a borrower fails to make multiple consecutive payments ​or if the total outstanding balance exceeds a certain threshold, ​the lender may declare the loan to be in default.
   
3. Collection Actions: In the event of default, the lender may take ​any necessary collection actions, including but not limited to: ​Sending written notices of default, Reporting the default to credit ​bureaus, Hiring a collection agency, Taking legal action to recover ​the outstanding balance.
   

Additional Provisions

1. Governing Law: The loan agreement will be governed by the ​laws of [Jurisdiction].
   
2. Dispute Resolution: Any disputes arising from the loan ​agreement will be resolved through [Dispute resolution ​mechanism, e.g., mediation, arbitration].
   
3. Waiver: Failure to exercise any right or remedy under this ​agreement shall not constitute a waiver of such right or remedy.