Privacy Policy
Terms of Use

Terms of Use

Effective August 15, 2025

Welcome to Lokcok!

Please read these Terms of Use ("Terms") carefully before using the Lokcok mobile application (the "Application"). Your access to and use of the Application is conditioned upon your acceptance of and compliance with these Terms. If you disagree with any part of the terms, then you may not access the Application.

1. Description of Service

Lokcok is a personal finance application designed to help you track and manage your financial health. Key features include:

  • Managing and tracking transactions, income, savings, and debts.

  • Recording and managing Assets, Debts, and financial Goals.

  • Providing a "Financial Health Score" based on an analysis of metrics related to Cash Flow, Assets, Debt, and Emergency Fund.

  • Offering planning tools such as a "Debt Payoff Roadmap" to help users achieve their financial goals.

2. Important Disclaimer: Not Financial Advice

The information and calculations provided by Lokcok, including but not limited to the Financial Health Score and the projected Debt-Free Date, are for informational and referential purposes only. Lokcok is not a licensed financial advisor. Our services do not constitute investment advice, legal advice, tax advice, or any other professional financial advice. You are solely responsible for your own financial decisions. We encourage you to consult with qualified financial professionals before making any significant financial decisions.

3. User Accounts

When you create an account with Lokcok, you must provide us with information that is accurate, complete, and current at all times. You are responsible for safeguarding your password and for any activities or actions under your account.

4. Service Plans and Payments

Lokcok offers the following service plans:

a. Free Plan:

  • Limits: Users are allowed to create a maximum of 2 assets and 1 debt.

  • Login: An account can only be logged into on one device at a time.

  • Personalization: Only basic avatars are available.

b. Premium Plan:

  • Benefits:

    • Create unlimited assets and debts.

    • Log in on multiple devices simultaneously.

    • Access the full library of avatars (basic and advanced).

  • Payment: The Premium plan is available as a Monthly or Yearly subscription. Payments will be processed through the platform's payment provider (App Store, Google Play).

c. Trial:

  • Both Monthly and Yearly Premium plans come with a 7-day free trial.

  • After the 7-day period, if you do not cancel, your subscription will automatically renew, and you will be charged.

d. Cancellation and Reverting to Free Plan:

  • You may cancel your subscription at any time through your account settings on the App Store or Google Play.

  • When your Premium subscription expires (due to cancellation or failed payment), your account will revert to the Free plan status.

  • Data Handling When Reverting to Free:

    • You will retain all assets, debts, and goals you previously created.

    • However, you will not be able to create new transactions for assets beyond the limit (the 3rd asset and onwards) or for debts beyond the limit (the 2nd debt and onwards). These records will be in a "view-only" state.

5. Intellectual Property

The Application and its original content, features, and functionality are and will remain the exclusive property of Lokcok Team.

6. User Content

You retain full ownership of the financial data you input into the Application. You are responsible for the accuracy and legality of this data.

7. Privacy

Your privacy is crucial to us. Our collection and use of personal information are governed by our Privacy Policy. Please review our Privacy Policy to understand our practices.

8. Termination

We may terminate or suspend your access to our Application immediately, without prior notice or liability, for any reason whatsoever, including without limitation if you breach the Terms.

9. Changes to Terms

We reserve the right, at our sole discretion, to modify or replace these Terms at any time. If a revision is material, we will try to provide at least 30 days' notice prior to any new terms taking effect.

10. Contact Us

If you have any questions about this Terms of Use, please get in touch with us:

  • Email: contact@lokcok.com
  • Website: https://lokcok.com