Don’t Want to Part with Your Ring? Try a Jewelry-Backed Collateral Loan

Jewelry-backed collateral loans — you can use your golden rings as collateral.

epSos .de / Flickr / CC BY

Parting ways with your jewelry for money might be one of the most heartbreaking things in the world.

If you need capital quickly, and your only valuable assets are jewelry, it can be tough to figure out whether to sell or get a secured loan instead. Both options offer distinct benefits and and have different limitations, so choosing what’s best for your situation will take some consideration.

With this post, we’ll help you explore these two options and make the right decision for your unique needs.

Is Selling Your Jewelry Right for You?

The ChainMaille Lady / Flickr / CC BY

Even though most people would choose to keep their jewelry and go for an asset-based loan, there are still a variety of reasons a handful choose to sell their valuable possessions.

First of all, when you part ways with your assets, you are typically offered a larger amount of money compared to most loans on jewelry.

Another justifiable reason to sell your jewelry is if you rarely or never wear it, and you’d like to clear some space in your valuables box. For example, if an expensive Christmas gift you never liked isn’t accomplishing much in your wardrobe, there’s no reason not to sell the jewelry or exchange it and make another person quite happy to have it.

The only con of selling your valuables? It’s a decision with consequences — you can rarely acquire your items back after selling them. If you believe there’s even a slight chance you’ll feel regret, then you can explore the various personal or business loans in Canada.

Jewelry-Backed Loans: How They Work

george.bremer / Flickr / CC BY-NC-ND

Also known as collateral loans, jewelry-backed loans are given out against valuable possessions and work just like most other asset-based lending systems.

With most lenders, you complete an online application where you have to specify the type of assets you are planning to use to secure your loan. After a professional assessment of your collateral, you receive an offer within minutes since you don’t have to go through a credit check. When the amount is repaid in full, your valuables are returned to you in pristine condition.

The biggest benefit of this type of lending is that you’re practically looking at an almost guaranteed bad credit loan. Most lenders don’t care about your credit score or financial history since your loan is secured against your jewelry, and that means your approval is basically guaranteed.

Nevertheless, these “no credit check personal loans” in Canada have their downside — if you don’t repay your loan, you face the risk of losing your jewelry.

Furthermore, you need to be careful and choose your lender wisely. If you aren’t vigilant about researching your lender and their terms, there is a possibility you might become a victim of fraudulent operations or hidden fees. Research and paying close attention to the terms and conditions are your two best friends when signing any loan contracts.

Appraisal & Loan Terms

Viaje a Canada / Flickr / CC BY-NC-ND

Asset-based lending doesn’t only take away the pressure to sell your jewelry, but it also provides you with an accurate price assessment. So, what are the specifics you need to know before sending your jewelry to the lender?

  1. Select the right type of jewelry you own in order to get as much cash as possible or enough to cover your needs. Like you can assume, you will receive more cash for gold compared to silver-made jewelry.
  2. If you have a diamond ring or necklace be sure to consider loaning against them. Why? Diamonds can skyrocket the value of your item and the loan offer. Other characteristics that will also make a difference are the item’s maker and its antique value.
  3. At Zillidy, after the initial jewelry online assessment, we use FedEx to safely receive your items. We are also happy to meet you in person at our downtown Toronto office! There are other lenders who also offer home appraisals for items of extremely high value.
  4. You need to make sure your items are stored and handled correctly. At Zillidy for example, we have a team of highly skilled professionals who manage every item with extreme care and protection. Thus, you are guaranteed to receive your collateral back in perfect condition.

Pawn Shops vs Collateral Lending: Which Works Better?

waving at you / Flickr / CC BY-NC-ND

Even though pawn shops and collateral lending seem pretty similar, and in many aspects are, how do you decide which one to use?

The biggest difference is the collateral you can use. Pawn shops accept a wider range of loan-securing items — this may include watches, phones, TVs, etc. Collateral lending, on the other hand, focuses on more upscale high-end items which naturally correlate to higher loan amounts. The typical pawn shop loan is around $100, while collateral loans could go greater than even $10,000.

Another difference is that most pawn jewelry loans only give you allowance for 30 days, which isn’t long, but is perfect for emergency payments. Asset-based lending provides more flexible terms and can be used for much longer loan times. As you’d assume, the shorter the loan is, the higher the interest rates are and this fact is in favor of collateral loans, which tend to cost between 2.5% and 4.0% month with no additional fees for insurance or storage.

We suggest that before you make a final decision about what to do with your jewelry, you weigh all the pros and cons of the different topics we touched on — whether you should sell your jewelry or take out a loan, how to pick the right lender, and how to navigate the lending process. We hope you find a solution you’re totally satisfied with!

Find out exactly how Zillidy’s personal loans in Toronto work to see if they’re the right fit for your needs.

Top Toronto Personal Loans and Lenders

Personal loans in Toronto

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You’ve never heard anybody say that they have enough money for everything in their life, right? Chances are, you’ve never thought this yourself, either.

The good news is there’s an increasing number of private loans providers in Canada. These sources lend out capital for everyday expenses or big spending ventures such as buying a car or a new home.

Among the many benefits of Toronto personal loans are the easy financial services that most lenders provide. They cover every need you might have — from banks to personal lenders in Canada and from payday loans to collateral loans.

Learn more about the top personal loan options in Toronto right here to find your best fit:

Loan Lenders: Who Should You Choose?

Royal Bank of Canada’s Personal Loans


Royal Bank of Canada is possibly the biggest bank in Canada offering some of the top loans across the industry. Similarly to other private bank loans, Royal Bank of Canada’s Personal Loans offer flexible terms, the option to select between fixed or variable terms, and no early payment penalties, among other benefits and conditions.


Zillidy's Personal Loan Range

Zillidy is one of the most trusted and reputable alternative lenders offering private loans in Toronto. At Zillidy, we accept a variety of personal valuables as collateral — these include high-end watches, jewellery, precious metals and more. Importantly, you don’t need to compete a lengthy application or provide us with your financial history! Our client testimonials can support our aim to achieve the best customer service and provide useful loans quickly and effortlessly. This is among the top reasons why Zillidy’s personal collateral loan is one of the most popular online personal loan in Canada.

Money Mart

Money Mart Toronto Payday Loans

Similarly to Zillidy’s asset-based loans, Money Mart’s payday loans are an easy solution for those in need of quick cash. Another great option for personal loans in Toronto, Money Mart will provide up to $1,500 and you can complete your application online or visit a branch near you. Having earned an A- rating from The Better Business Bureau, Money Mart is a trustworthy choice for no credit check loans.

Understanding Personal Loan Types in Toronto

Toronto Private Loans Coins

coffeego / Flickr / CC BY-SA

Bank Loans

Typically the preferred method for taking out a loan of any type, banks are among the most trusted money lenders in Toronto. Even though the terms of the loans vary from one institution to the other, bank loans are usually harder to secure compared to other types of personal loans.

Once secured, bank loans have favorable terms and conditions, some even allow missed payments. However, the overall application process is tedious and long and if you don’t have a really good income and credit score, bank loan applications become a waste of precious time and money.

Payday Loans

Payday loans are very popular short term loans in Toronto. Usually extended until your next payday (i.e. you have a month’s time to repay), the capital you receive is typically between $100 – $1000. These loans can be a great solution for emergency payments.

On the other hand, payday loans usually carry high interest rates. Also, since these loans are offered by private lenders and require no credit check, you need to make sure you find a trustworthy loaning company and read the terms and conditions carefully!

Loans Against Collateral

These are another brilliant capital solution for those of you who are searching for fast and easy guaranteed loans in Canada! Secured loans against personal possessions are on the rise in popularity as people show increasing trust in established lending institutions. The overall simplicity of the application process and quality of the customer-centric approach of most asset lenders, beat other lenders by far.

Not only are collateral loans perfect personal loans for people with bad credit, they are also a great solution for covering both emergency costs and larger long-term purchases. The only “downside” here is that the money you receive is based on the value of your personal possession(s) (which may include precious metals, jewellery, cars, etc.). Thus, if you have no valuable collateral, this loan might not work for you. However, if you do, you’re bound to get a great loan with great terms.

Consolidation Loans

Debt consolidators are a wonderful way to secure additional loans you may need and decrease the overall monthly payments of the loans you have already taken out. Consolidation loans are used mostly by individuals with a bad credit score or in need of additional cash.

The benefit of consolidation loans is that you can save money with lower payments, and that’s in addition to decreasing your overall interest rates on the loans you’ve already taken out. Nevertheless, those loans are usually used as a last resort (due to the high fees) by individuals who have bad credit and will not be approved for another type of loan.

Avoid High Loan Rates and Hidden Fees

Avoid High Loan Rates and Hidden Fees

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There are a few steps you can take in order to make sure you don’t have to pay any additional fees. First of all, only take loans from trusted institutions, no matter if they are banks or alternative lenders. Research the loaning body online and ask for your friends’ recommendations.

Secondly, read all the terms and conditions and never sign anything you are not sure about. Consult professional advisers if you need to.

Last but not least, make sure you outline all your loan possibilities and compare them. You don’t have to take a loan if there’s a better option for you out there — do your research and read carefully.

Discover more Toronto personal loans to find the best solution for yourself!

Why Asset-Based Lending Is Perfect for Your Family Business!

Group Photo of a Family

Lady May Pamintuan / Flickr / CC BY-ND

Is your family business in need of working capital? Many small business owners struggle to secure the right type of financing in order fuel their business ventures. Whether you’re running low on stock, you’re financing a seasonal spike or you’ve hit a rough patch, you’re not alone if you’re searching for the top business loans in Canada!

Family businesses, among other small corporations in Canada, have struggled to secure more traditional business loans such as bank financing or even government programs. However, you shouldn’t despair, because there are plenty of options even for those with bad credit scores. Asset-based lending is the best solution for those in possession of appreciating assets who might be in need of fast secured loans online!

What Is Asset-Based Lending?

Asset-based loans (A-BS), also known as collateral lending, are an easy-to-attain type of financing you can receive against “assets” which may include the following: vehicles, high-end art and watches, precious metals, jewelry and other valuables your family might be in possession of. The types of acceptable collateral which secure your business loan are determined by the loan provider.

Most companies which offer such financing are private and usually require no credit check or financial history statements. As a result of this, asset-based financing is widely known to provide guaranteed “bad credit” loans for small businesses.

Even though not all private business loans secured against collateral look at your family business’s cash-flow or financial history, there are still some which consider these. Even though at the end of the day your assets impact their decision most, it’s smart to make sure you get to know the loaning body before committing.

Differences Between Asset-Based Lending and Traditional Financing

Golden Rings

Get a loan against your family jewelry
Aleksey Gnilenkov / Flickr / CC BY

The major difference between asset-based loans and traditional financing is that your projected cash-flow or your current credit score usually aren’t taken into account. However, even in the rare cases in which they are, they’re not the sole drivers behind an approval for A-BS.

The bottom line is that processing financial data such as projected cash-flow is time consuming and requires statement preparation, slowing down your loan. This makes traditional financing, which always takes a look at these financials, unsuitable for those in need of working capital quickly.

Furthermore, traditional financing usually has a set money limit you can borrow, while with asset-based lending, the more collateral you provide, the more capital you will be able to secure. What’s more, you will be able to use 70-90% of the estimated collateral value to fuel your family business financial needs.

Asset-Based Loan Benefits

Stack of Credit Cards

Asset-based lending is not affected by your credit score.
Sean MacEntee / Flickr / CC BY

Asset-based lending could be the perfect solution for your family business mainly because it solves the issue (lack of fast working capital) in an easy, quick and flexible way.

  1. Easy — Some no credit check loan lenders offer an application service done fully online. Designed to save time and make the overall process easy, you’re guided through your application, collateral handling and loan acquisition, simplified by the company’s customer-centric approach.
  2. Quick — Not only is the process quick, but you usually receive your working capital in a matter of days following your application submission. This makes asset-based lending a top choice for small businesses such as family-owned companies.
  3. Flexible — Since the lender makes their loan decision based on the quality of the collateral, they are highly likely to be flexible and guide you through repaying the loan so you can get your collateral back. This  might include amending repayment periods and providing reasonable missed payments options, with the goal of tailoring payment to your specific financial situation.

Acceptable Collateral Types

The types of collateral you can use vary with each loan provider. Your first step should be to find lending companies which can accept your personal possessions and learn more about their conditions and possessions handling.

For example, Zillidy is one of the top providers of personal loans in Toronto and across Canada. The list of upscale collateral we accept is especially tailored to fit the needs of individuals and small sized businesses (such as family entrepreneurships). The personal possessions we accept range from high-end watches to jewelry, as many families inherit such items. We also accept precious metals — including silver, gold, and platinum.

One of the important questions you should ask before choosing the loaning body is this: “Will my items be safe and handled well?” You need to make sure your valuables are kept safe and handled correctly so you receive them in the same pre-loan condition, especially since many items are not only very valuable but also hold sentimental value.

That’s why at Zillidy we have a group of professional and highly qualified staff members who guarantee that each item is stored and handled to the top industry standards.

Have any questions about asset-based lending? Ask them below in the comments section, and our experts will answer you shortly.

Secured vs Unsecured Loans: Which One’s Better for You?

Secured vs Unsecured Loans

woodleywonderworks / Flickr / CC BY

Figuring out the right way to finance a purchase can be tricky! With so many loans on offer, you might be at a cross road trying to choose which path is right for you. On one side, you have the unsecured loan options also known as personal loans, and on the other, you have a big array of secured loans available.

So, how do you choose between these two financial roads ahead of you? It’s simple — just take careful look at your distinct financial needs; they’ll help you make the right decisions. You need to be clear about what you need the money for, what your financial situation currently is, and what you’re ready to put on the table before you repay your loan.

Without further ado, here are the secured vs unsecured loans basics you need to know to make the right financial commitment.

1. What Is a Secured Loan?

Secured Loans

LendingMemo / Flickr / CC BY

Secured loans are the perfect option for those of you willing to use your personal possessions to secure your funding. Also known as collateral, these valuable possessions are what loaning bodies use to make sure you will repay the borrowed money. The loans are “secured” by a house, car, or precious metals (thus we have loan money for gold or silver) and are technically of no risk to the loaner.

Probably the most popular type of secured loan is the mortgage. Other popular loan types include business loans (including small business loans), car loans (both new and used) , equity, and lines of credit. Collateral loans are usually the only option to obtain a large sum of money (above $25,000), which makes them suitable for big financial investments such as a new home purchase or fueling a big business venture.

Even though loans can be offered to individuals with a low credit score — there are even loans with no credit check — banks and other loaning bodies will usually make their decision based on the following 3 questions:

  1. Are your appreciating assets enough to secure the loan?
  2. Is your income high enough to guarantee you will be able to cover the monthly installments?
  3. Is your financial history and credit good?

Pros and Cons of Secured Loans:

  • Pro: Low interest rates, longer repayment periods and high borrowing limits (based on your personal circumstances).
  • Pro: Easier to secure, due to the collateral “secure” factor.
  • Con: The overall approval process could take longer compared to others loan types because of the collateral assessment period
  • Con: You bear the risk of losing your collateral if you fail to default your loan. Even though there are cases in which you might miss out on a few payments without any consequences, you need to stick to the terms laid out in the contract and repay your loan in full.

2. What Is an Unsecured Loan?

Unsecured Loans

LendingMemo / Flickr / CC BY

Unsecured loans, also recognized as signature loans and personal loans, are a brilliant choice for all those who might not own any valuable assets, but do possess a good credit score. These loans are offered to individuals or small business owners in need of quick or everyday financing. With unsecured loans, banks or loaning bodies don’t gain any assets or ownership for the capital they are owing.

The most common types of unsecured loans include student loans, credit cards and lines of credit. Due to the fact that unsecured loans are only bound by a contract which involves no collateral, they’re usually for lesser monetary value and include a more strict repayment plan. Furthermore, the unsecured loan is usually assessed based on your credit score or financial income.

Pros and Cons of Secured Loans:

  • Pro: Unsecured loans are easy to get and are great for covering emergency costs.
  • Con: Most unsecured loans have high interest rate (sometimes up to 12%) or high annual fees.
  • Con: The interest rate is based on your income, credit score and repayment period. Even though you can receive a business or personal loan for bad credit, your interest rate is expected to be high. Nonetheless, if you have a good score the rate will be more reasonable. Overall, longer repayment periods (3–5 years) tend to have lower interest rates.
  • Pro: You usually have the flexibility to choose the repayment period. Most people choose a period between 1–5 years, so that the monthly installments don’t affect their income in any large way.

3. Top Secured and Unsecured Loan Picks

Zillidy is one of the top Toronto companies which offer a wide range of secured loans. These include Canadian business loans for corporations of any size and personal secured loans. The collateral we accept at Zillidy includes personal possessions such as precious metals, jewelry, and high-end watches. Zillidy requires no credit check or financial history, thus the no-credit check business loans are perfect for any individual who doesn’t want their previous financial choices to impact their loan T&Cs.

HSBC is a Canadian bank which offer unsecured loans for any of your smaller needs. These personal loans have a typical repayment period of up to 5 years with weekly, bi-weekly or monthly repayment options. Even though you can choose between a fixed or variable interest rate, HSBC gives you the option to get preferential rates if you are an HSBC Premier or HSBC Advance customer.

Are you interested in secured or unsecured loans? Let us which you prefer and why in the comment section below.

How Much Does Your High-End Watch Cost?

Sinn 7008 watch

wolf4max / Flickr / CC BY-NC-ND

How do you know if the watch you own is worth something?

If you’ve inherited a watch or just bought something at an antique shop, for all you know, you might have hit the jackpot. And if so, you’ll know you can rely on your possession to help you or business should you ever be need of cash. Simple asset-based loans make it easy to get capital based on the value of your watch while you retain ownership.

But is your timepiece up for the challenge?

Watches come in all different shapes and sizes, just like other valuable possessions such as jewelry and cars. There are expensive watches, simple watches that just show you the time, and of course, vintage timepieces which can be the highlight of a brilliant outfit.

Some branded high-end watches with amazing features are even worth more than a fancy car.

So, how do you know which category your watch falls in?  A valuable timepiece can open many doors for you — from style to finances — and figuring out the worth of your watch is as easy as considering these four elements:

1. High Quality Materials

Sapphire (Corundum) Crystals

Gold and platinum may be the most desired materials for the body of watches, but there’s only one king for the glass- sapphire.
Orbital Joe / Flickr / CC BY-NC-ND

First and foremost, let’s expand on the most obvious characteristic a watch can possess — the materials used to create it. As we all know, a rubber strap or superficial gold polish are probably not adding much value to your watch. The bottom line is this: the more precious metals are integrated into your watch, the more expensive it naturally is.

Silver, even though not the most expensive of metals, can boost to the watch’s value to above-average. Gold is the metal which most considerably increases the price of the watch. If a gold watch includes platinum parts, which is not that unusual, its worth is even higher.

Platinum watches, made from the world’s heaviest and most rare precious metal, blow every other watch out of the water. If you’ve got a predominantly platinum watch, chances are you’ve got something very valuable on your hands.

2. Complex Features

Watch companies create a huge variety of features to fit people’s lifestyles. In general, the more features your watch has, the more it’s worth.

Beyond simply telling time, many high-end watches display different times zones, offer incredible time accuracy, feature lunar cycles and time of sunrise and sunset, measure the temperature, act as chronographs, and are fitted with one or more sophisticated Tourbillons among other complications.

The most complicated watch in the world is Patek Phillipe’s Supercomplication, even though it was created between 1925 and 1933. It’s worth more than $24,000,000!

3. Designer Brand

Patek Phillipe Henry Graves Supercomplication Pocket Watch

Patek Phillipe Henry Graves Supercomplication Pocket Watch
lhhs / Flickr / CC BY-NC

Have you heard of Patek Phillipe, Louis Moinet and Rolex? If you haven’t, you must live on Mars, because these brands produce incredible watches worth millions of dollars and known all over the world. Other popular brands including Louis Vuitton, Prada, and Michael Kors whose modern and stylish timepieces complement every owner’s status and sense of fashion.

In all of these cases, the brand name is what makes the watch expensive. It’s not only a quality guarantee, but carries with it the weight of a long and proven history. It’s important to note that pricey watches like this usually carry an authentication certificate, so if your watch looks like a brand name timepiece make sure you acquire the certificate alongside your buy.

The new Apple Edition Watch is showing us that even new smartwatch technology is trying to insert itself into the older discourse. The Edition Watch, costing $10,000, features an 18-Karat gold case as a nod to traditional watch models.

Three Ways to Assess the Value of Your Watch

Would you like to know exactly how much your watch is worth and how to turn this into an investment? There are three easy ways to do this.

Personal Asset Loan

At Zillidy, we offer loans against personal possessions including high-end watches. Our team of professionals will assess your watch to determine its true value. We’ll share this information with you as well as prove an offer for a loan of the same amount, which you can use to fuel any venture.

The best thing about it? Your watch is still owned by you — the timepiece is only used as collateral for the loan. Should you decide to take the loan, we’ll safe-keep your watch until the loan is re-payed and then return it in pristine condition.

eBay Auction

If you already know the brand and the possible precious metal your piece have been made from, platforms such as eBay are a great place to find out the approximate value of your watch. Furthermore, platform features such as collectibles and antiques will give you an understanding as to what price such watches have been auctioned for in the past.

Resell to Reputable Jewelers

Finding reputable jewelers and / or watch appraisers is another method to assess the value of your possibly high-end watch. However, such evaluations are sometimes costly and you are likely to lose money instead of the opposite. Make sure you request an appraisal certificate in order to guarantee future uses of the watch.

Would you like to assess your watch’s value? Simply get in touch with us and we’ll get started right away.

5 High-End Watches More Expensive than a Rolls Royce

5 High-End Watches More Expensive than a Rolls Royce

What goes perfectly with a luxurious car? A sleek outfit accentuated with an eye-catching watch… obviously. If you’re driving a gem, you might as well look the part. And by eye-catching we mean a watch worth more than the car itself (at least if the vehicle in question is a Rolls Royce).

Even though not many people can afford such impressive statement pieces of jewelry, high-end watches are a great treat for wearer and spectator alike! The complexity of the mechanisms and their designs are worth the admiration they receive from people from all over the world.

What price range are we talking about? A typical Rolls Royce is priced well over $200,000. The brand’s “entry-level” model is worth around $250,000, which according to many is totally worth the luxury and quality. In other words, if a watch carries a price tag of over $200,000 you can expect nothing but the best — it should provide value equal to or even beyond its vehicle counterpart.

Read on to find out more about the top 5 luxury watches worth more than a Rolls Royce:

1. Vacheron Constantin, Kalista — Worth $11 Million

There’s no point in holding back, so here we go — the Vacheron Constantin Kalista is not only one of the most beautiful watches ever made, but also one of the most expensive. Worth the impressive $11 million, this watch is sure to make people stop and stare. Are you ready to do some calculations? The watch is worth 44 entry-level Rolls Royces, which can only leave us saying “wow.”

Vacheron Constantin is the oldest manufacturer of luxury watches, and so the fine and breathtaking Kalista fits perfectly into the brand’s long list of beautiful timepieces. The watch is encrusted with 118 emerald-cut diamonds and took 6,000 hours to make. Created in 1979, this piece remains one of the finest examples of the greatness of Vacheron Constantin!

2. Breuget No. 160, The Queen — Worth Over $30 Million

The Queen watch costs over $30 million


One of the most mysterious watches to ever exist is also one of the most valuable and expensive. Partly constructed by the famous watchmaker Abraham-Louis Breguet, The Queen was in fact, made for a real queen — Marie Antoinette. Unfortunately for both, the timepiece consisting of 823 pieces was finished after both the maker and its intended owner faced their demise.

Nonetheless, the famous piece of art — produced with 18-karat gold and sapphires — has made history on its own. The watch was stolen by an international jewel thief but then resurfaced 25 years later not far from where it had been last seen. Currently resting at LA Mayer Museum of Islamic Art, the pocket watch’s story and price is worthy of a no-funding-spared full-length feature movie.

3. Patek Phillipe, Caliber 89 — Worth Over $5 Million

Billed as the world’s most complicated timepiece, this watch is as close to perfection as you can get. The Patek Caliber 89 is truly a modern miracle. It has more than 30 complications, which makes the timepiece the most complex mechanical watch ever to exist. Worth more than 25 Rolls Royces, it’s truly a sign of status to wear one of the 4 existing watches of this kind.

Plus, thanks to its 33 complications, this watch does mch more than simply tell the time. The features list goes on for miles (well, not really, but the scrolling from the list to the photo and back does, since we can’t get enough of seeing this amazing watch): the Patek Caliber 89 has century, decade, year, and month displays; split second hand; time of sunrise and sunset; thermometer and many more features that will keep you entertained and hopefully on time.

4. Patek Philippe, Ref 5016P — Worth $762,000

Introducing another great timepiece from the Patek family, the Philippe Ref 5016P is the first watch on the list to go under a 7-digit price number, but it’s an amazing piece nonetheless. Let’s begin by noting that, in fact, the P in the Ref number actually stands for… platinum! After all, what else can we expect from a timepiece worth more than a quarter of a million?

Consisting of 506 pieces, this wristwatch is made from the most expensive precious metals — platinum and gold. The timepiece’s features include a tourbillon, a minute repeater, a perpetual calendar with a retrograde date hand, and a moon phase display.

5. Audemars Piguet, Royal Oak Grande Complication — Worth $560,000

AP Royal Oak Grande Complication

Audemars Piguet

Audemars Piguet has been praised for the unique, state-of-the-art Royal Oak Grande Complication piece. Worth over half a million dollars, the watch features a titanium case, glare proofed sapphire crystal and caseback, ceramic bezel and much more to make this a standout among high-end watches.

The wristwatch’s perpetual calendar will be accurate for so many years that you and probably a few of your successors won’t be among the living to witness its first deviation. The Royal Oak Grande Complication also has white gold applied hour-markers and a light silver-toned inner bezel ring — details you won’t be able to resist.

Investing in a High-End Watch, Investing in Your Future

High-end watches among others and a range of personal valuables, including precious metals and jewelry are among the personal possessions you can use to take out loans. We all know the investment quality such image-boosting items possess and why not use them to fuel a business idea or personal venture if/when you need them.

Zillidy offers loans against valuables such as high-end watches. The online application process is quick and effortless. After an expert assessment of your watch, the loan capital will be transferred into your account. Since safety and professional handling are among the top priorities for ZIllidy, you can rest assured your items will be kept in the best possible environment until you get them back!

Have you ever purchased a high-end watch? What’s your recommendation for a valuable and enjoyable investment?

Got Gold and Silver? Check Out 3 Smart Re-Investment Strategies

Gold and Silver bullion and bar

Mark Herpel / Flickr / CC BY

Do you have gold or silver you’re not sure what to do with? Making the decision to invest in precious metals is easier compared to when you have to part ways with it. And turning a profit from your initial investment is tricky. There are many possible avenues, but with all of them the key is timing.

Then again, why should you part ways with your gold or silver bars, jewelry or coins in the first place? If you’re not developing an unhealthy attachment to “your precious” metals, it’s smart to stay on top of re-investment options at all times in order to get the highest possible ROI.

In that line of thought, check out 3 ways to make full use of your gold and silver today:

1. For Those In Need of Capital: Use Your Investment as Collateral

Gold and silver as collateral for loans

Sprott Money / Flickr / CC BY

A wonderful way to receive funding for any business venture or personal need is using your precious metals as collateral. After all, this way you not only keep ownership of your gold and silver, but also get capital you can further invest in a venture.

Companies like Zillidy offer a variety of small business loans and personal loans against collateral. Gold and silver are only some of the personal possessions, which qualify for such a loan.  What’s great in this case is that you can receive the loan without having to go through financial statement records or credit score checks. The process is quick and effortless — the application is done online and after the assessment of your possessions, you receive the capital immediately.

If you’re worried about the safety of your gold and silver, you shouldn’t be. Your items will be handled by professionals and it’s guaranteed that you will receive them in pristine condition after repaying the loan. Furthermore, the collateral is stored in a completely safe environment to avoid any mishandling. After all, gold bars and silver demand to be kept safe and sound!

2. For the Adventurous: Invest in Trading

Gold and silver trading

Dagmar tradingrichmom / Flickr / CC BY-NC-SA

Both silver and gold are traded in dollars and cents per ounce. We’re currently seeing a period of high gold trading. Other high-traffic months for gold also include February, June, August, October and December. The peak times for silver trading are different and they include the following months: March, May, July, September and December. These peak months are identified based on volume of trading and open interests.

Something to be noted before you even begin to consider gold and silver trading is that the activity involves substantial risks and is not suitable for all individuals. In order to succeed in the market, it’s crucial to have in-depth knowledge on the processes of trading. That being said, people who are careful and know what they’re doing can win substantial profits, even if they’re not experts.

Gold and silver trading platforms include the online GCI trading website, which operates commission-free with low margin requirements. Another good option is FOREX’s platform, which allows you to trade spot metals and forex seamlessly. Tip: always select trustworthy platforms and be extremely cautious with the difference in terms.

3. For the Sentimental: Use Your Precious Metals for Something Special

Gold and silver ring

Michele Zanin / Flickr / CC BY-ND

Who says an investment should be always business-centered? Naturally, as the economic environment is becoming more stable by the day, many can find other uses for their “rainy day” investments.

You can use your gold and silver to craft a special jewelry for your loved ones for a wedding, graduation, birthday or other important event. Design a ring yourself, and see the sentimental value of your precious metal grow exponentially.

You can also cash-in the valuable metals and use the money to make a donation. Supporting social causes has been proven to make you feel better about yourself and boost your life satisfaction.

Overall, making a difference with the capital you can exchange your gold and silver for is something that reflects good not only on yourself, but on the projects/businesses you are involved in.

What will you use your gold and silver for? Let us know in the comment section below!

Top Canadian Personal Loans for Your Every Need

Where to find more personal finance?

Newton Free Library / Flickr / CC BY-NC-ND

Using personal loans to get through tough times or take advantage of a sudden opportunity is a reality of modern life. That doesn’t mean finding the perfect loan for you is an easy task, far from it.

You need to make sure you trust the institution you are acquiring the loan from, know exactly how much you need, and what the funds are for. So, get a leg up and check out the top places to look for personal loans in Canada:

Personal Loans: What Should You Know Before You Apply?

Personal Loans: The Basics

zoomar / Flickr / CC BY-NC-SA

To maximize your loan’s potential, you should be aware of all the specific terms. That way, you can select a personal loan that is suitable for you and your situation. Compromising can lead to problems down the road, so choose carefully!

Your options range from alternative finance methods, such as collateral lending to traditional bank loans. Of course, the terms and conditions, interest rates and many other factors change and vary between the loans, thus you need to match those specifics to your wants and needs.

After all, everyone uses the loan for different purposes, whether it’s for a new car or a house, to cover outstanding bills, or to fund a holiday. There’s a funding method available to match each specific need.

1. Personal Loans Against Collateral

Personal Loan against Collateral

John Louis / Flickr / CC BY-ND

With alternative finance gaining popularity and becoming more mainstream, people are increasingly turning to these options. At Zillidy, we offer personal loans that are secure and quick to obtain. With our approach, you can acquire the financing you need to achieve your dreams by using personal valuables as collateral.

Brilliant for planning your wedding or special event, funding important car repairs, or acquiring an investment property, these loans are easy to get and have very flexible terms. Furthermore, you can rest assured that Zillidy has been trusted by many individuals and businesses over the years!

Why is the process so easy? First and foremost, you’re not required to provide any financial statements, credit checks, or waste time completing lengthy loan application forms.

All you need to do is describe the personal possession you’ll use as collateral (all done online for your convenience). This can include jewelry, precious metals, luxury watches, or anything similar. If you like our preliminary offer, we’ll send you a pre-paid envelope and schedule a Fedex pickup at your house or office.

Once we receive and approve your collateral, your loan will quickly become available in your bank account. It’s that easy!

2. CIBC Personal Loans CIBC personal loan

The personal loans offered by CIBC are some of the most popular in Canada. But what exactly makes them so popular?

Among the advantages of the CIBC Personal Loan are that you have the ability to lower your interest costs by making frequent payments or pay the loan in part or full without any penalties. The secured loan (against the equity in your home or other assets) benefits you by providing lower interest rates. In addition, it gives you the opportunity to speed up the process by applying online.

Also on offer is the CIBC Personal Car Loan. It caters to the needs of those looking for a way to finance the purchase of a new or used car. The terms are a bit different than a standard personal loan.

You have up to 8 years to repay it with weekly, bi-weekly, semi-monthly, or monthly installments. The minimum amount you can borrow is higher than the standard loan – $5,000 compared to $3,000. Furthermore, this loan also gives you the chance to skip up to two payments yearly.

3. TD Canada Trust Personal Loans

TD Canada Trust Personal Loans

TD Canada Trust is another one of the most trusted Canadian banks. The personal loans they offer are another good option for those in need of funds of up to $50,000 for personal use. What you get from TD Canada Trust’s personal loan is funds suitable for a variety of uses including investments, purchases, renovations, and more.

One unique aspect of these loans is the option to create your own repayment schedule. In other words, the term (typically between 1-5 years) and the amortization are specifically set up to fit your needs.

You also have the chance to select between fixed and variable interest, the first being ideal for structured payments and the latter perfect for those ready to take a risk and probably pay off their loan faster.

Have you used a personal loan before? Share your experience and recommendations in the comment section below!

Looking for Ontario Business Funding Options? Check Out These Powerful Resources

Ontario Funding, Ontario's Big Nickel

BigA888 / Flirckr / CC BY-NC-SA

Financing your business ideas should be easy, and it should help you achieve your goals quickly and efficiently, but is it doing that currently? The problem is that there are funding options that you might not know of, and consequently you might be missing out on acquiring the funding you need.

To succeed as an entrepreneur you need to always be a step ahead, using the right tools and resources to find the perfect way to sustain your business and expand it. First and foremost, make sure you know exactly what you’re aiming to achieve — this will dictate what type of funding will work best.

Once you’ve got that part down, check out the top online resources for Ontario business funding and carefully select the right financing method to support your business.

Resource #1: Business Guides from Canada Business Ontario

The business guides available on the Canada Business Ontario page are some of the best resources for staring an Ontario business available online. This should be your first step in exploring what types of finance and business loans programs are available to you and your firm.

The guides are specifically aimed at entrepreneurs and small businesses and include valuable information not only regarding funding but also about wage subsidies, taxation, women in business, and even how to operate your new company.

In order to quickly navigate through the different options, you’re given a brief overview of each link so you can decide whether the information will be relevant to you or not. Some of the business guides, which might be of value to you, include the following:

Financing a Business Guide

The Financing a Business Guide provides you with an overview of the financial methods, which are often used by small companies and startups. Furthermore, you will receive guidance for specific tasks you might need to complete in preparation for your financial applications. Such tasks include preparing a business plan or doing market research.

The guide also points out specific programs you might be eligible for, including the following:

  • Canada Small Business Financing Program: Provides the sum of $500,000 for you to start, expand, modernize or improve your startup or small business.
  • Ontario Community Futures Development Corporations: Оffers eligible startups up to $150,000 to grow your startup in specific areas in Canada.

Grants, Subsidies and Contributions Guides

There are guides to Grants, Subsidies and Contributions for businesses in two areas in particular: Agriculture and Arts and Media. The main reason behind this narrow focus is that both areas have very specific funding needs.

  • Agriculture Guide: Within the agricultural industry, the specific funding needs are the following: there’s the need for constant technological upgrade and equipment change, in addition to constantly changing weather patterns that affect the produce.
  • Arts and Media Guide: Within the arts and media business environment, because of the wide range of business types that are included — online media, radio, TV, dance, theater, galleries, and others — it’s hard to find and synthesize the different funding available.

If you want to start a business that falls in either of these two categories, check out the relevant guide, which will help by pinpointing the specific financing options available to you.

Technology and Innovation Support Guide

Technology is one of the greatest business sectors in Canada at the moment. Why? Because you would be able to access funding on a great variety of layers — from Government funding to provincial support.

The Technology and Innovation Support Guide will give your business in-depth information about the different options of funding available for projects aiming to improve existing technology or ones designed to discover new and innovative solutions and practices. The different funding programs available could benefit your business from its development through to expansion or even minimize certain cost.

In addition to the program overviews, the guide includes information about tax credits, which will help you figure out if you would be able to save on your taxes! The guide includes a variety of links and support (from external online resources to contact numbers) for the different layers of financing methods available.

Resource #2: Canada Business Network (CBN)

The Canada Business Network is yet another great source of information about valuable financing for small businesses. The network recognizes the struggle entrepreneurs face when starting or growing out their business, and so, they’ve made the effort to simplify the process and help you out. Want to achieve your dreams? With CBN, you’ll be one step closer.

The Canada Business Network’s website is divided into categories based on the different funding types available to Canadian businesses. They include the following:

Accessing equity financing

Equity financing is a great option for those of you who wish to stay out of debt. The Accessing Equity Financing section gives you an overview of the things you should take under consideration when searching for an investor. Furthermore, you will learn how and where to meet such investors and the ways you can negotiate the levels of control they will have over your business.


Crowdfunding has been receiving increasing attention from the media and the general public recently. Within the Crowdfunding section of the CBN you will learn more about the platforms you can use to fund your startup. In addition, the Canada Business Network provides you with specific Ontario crowdfunding platforms and helpful guidance.

Resource #3: Extra Alternative Financing Options for Small Businesses in Canada

Coins, alternative financing methods Ontario

Kat R / Flickr / CC BY

The financial guides presented above focus on the two main types of finance your business can benefit from — government financing and alternative financing. Since the latter is gaining momentum and hype we would like to provide you with a couple more options worth exploring.

Why? We believe that alternative finance is extremely suitable for small businesses because of the (likely) better terms and conditions in addition to advantages like speed and convenience.

Asset-Based Loans (Against Personal Possessions)

Zillidy is part of the asset-based loans movement, offering small business loans, which can help you secure the future you’re aiming for. Why is Zillidy perfect for small companies? First and foremost, the small business loans we offer don’t require any credit checks or financial statements, which, as a young company, you might not be able to provide. Secondly, your personal possessions are cared for by professionals, so you’ll receive them back in pristine condition at the end of the loan period. Last but not least, the transaction is simple and straightforward!

Invoice Financing / Factoring

Another method suitable for new businesses of any size is invoice financing. How does it work? You apply for funding that covers your outstanding invoices. You get assessed on the quality of your customers, without having to provide any financial background statements or credit checks. Again, this is a perfect option for startups, which lack extensive financial records or assets.

What kind of business are you interested in starting in Ontario? And what’s your biggest hurdle? Share your thoughts in the comments section below.

The Concierge Service: Innovative Funding Made Possible

The Concierge Service offer innovative support to innovative SMEs!

CWCS Managed Hosting / Flickr / CC BY

What’s harder than coming up with an innovative business idea or product? Finding the right type of finance to fuel it, commercializing it, and wasting no time in finding the resources to help you do so!

Maneuvering through all the different finance options available to businesses in Canada is a hard task due to their sheer volume. It’s no wonder that choosing innovation funding, resources, and support programs, suitable for your needs, might end up bringing on the worst headache of your life.

Don’t despair though, because the Concierge Service, a new Government of Canada program, is here to help you out by providing the personalized guidance you need. Learn more below, and see how you can use it to help your business succeed.

The Concierge Service: What You Need to Know / Flickr / CC BY

Since small and medium-sized enterprises are among the main drivers of Canada’s economic growth, the government body has realized the need to stimulate them and help them grow in an effective way.

A comprehensive “one-stop shop” for all of the different federal innovation programs was an outstanding task just a few years ago. But many businesses were clearly struggling with understanding and accessing much of the Research and Development funding available to them.

As a result, the Canadian government designed and put in place a single access point where you can get detailed information and advice to help you navigate government innovation support programs.

It’s called the Concierge Service.

What do you get out of the service? Based on your company’s needs and specialization, you will receive personalized guidance to help you identify and access federal and provincial government programs that support innovation.

Your guide to innovation has been in place since December 2, 2013 and since then it has managed to help a variety of companies excel in what they do. Whether you’re looking for programs that give you access to funding, new global networks, or equipment, all your business innovation queries will be answered in a personal and convenient manner.

Personalized Assistance Made Possible: Get Involved to Boost Your Business

Innovation Funding Made Possible

Phil Dowsing Creative / Flickr / CC BY-NC-ND


You will receive personalized assistance from the very second you access the Concierge Service. You can get in touch through a variety of channels: the program operates online, phone and in-person services to make sure everybody has access to the guide. Once you’re in, you’ll get paired with an expert adviser, who will guide you through the process and help you select the right programs for your company.

Wondering if your business qualifies for the Concierge Service? If you have less than 500 employees and you’re a Canadian entrepreneur searching for the right way to commercialize and expand your business, the program could be your “golden goose.”

At an age where information is one of the most valuable commodities, the Concierge Service will help you reach your desired innovation objectives quickly.

How can you get started? You can reach your Concierge adviser via the program’s website or by phone at 1-855-534-8433. Furthermore, if you leave your contact information via the service’s online form, they will contact you in a timely manner. In a nutshell, if you need help with identifying and accessing all the different government programs which can help support your innovation business, personalized guidance is just a step away!

Funding Your Own Business in Canada

Is funding a problem for you? If your business is not looking for growth through innovation, the Concierge Service and the government’s Research and Development programs might not be the best fit for your company.

For companies with different aims and goals, there are a variety of alternative ways to finance your endeavors. You can work with companies like Zillidy, which offer asset-based lending for startups and small businesses in Canada. The items you can leverage include personal possessions such as precious metals, watches and jewellery. What’s more, the assessment period is short, so you can receive your funding quickly without the need for long application processes or complicated paperwork.

Have you already tried the Concierge Service offered by the Canadian Government? Let us know how it’s helped, or what you’re still looking for in the comment section below!