The Zillidy Difference
See how Zillidy compares to getting a loan from a bank, pawn shop or using credit cards.
|
Zillidy Loan |
Bank Loan |
Pawn Shop Loan |
Credit Cards |
|
|---|---|---|---|---|
| Max Loan Size | $500,000 | Unlimited | Typically ~ $1,500 | Personal Credit Limit |
| Loan to Value | 50-75% | N/A | 10-20% | N/A |
| Interest Rate | As low as 1.5%/month (18.0% APR) | <10%/year | Up to 10%/month (120%+ APR) | 21-28% APR |
| Hidden Fees | None | Processing fee, facility fee, maintenance fee, legal fees | Storage fee, insurance fee | 3% of balance as minimum monthly fee |
| Process Timing | 24-48 hours | Many weeks to months | Instant | As needed |
| Required Paperwork | Simple online loan agreement | Proof of income, tax returns, financial statements, employment history, credit report | Pawn agreement, driver’s license | N/A |
| Lender’s Actions upon Default | No action | Annoying collection agency calls, reported to credit agencies and impacts credit worthiness, likely never able to borrow again | No action | Reported on credit report, negatively impacts credit score, collections calls at all hours, negatively impacts ability to get a mortgage or future loan |
| Ease of Process | Comfort of your own home or business, 24 hours a day | Long, drawn out, very invasive, bureaucratic | Stressful, uncomfortable, need to carry goods into store | Simple |
| Discreet? | 100% discretion guaranteed | References, credit checks, background checks, ect. | Retail store in busy (sometimes sketchy) neighbourhood | Debt ratios appear on credit report, collections calls at home and work, credit score always impacted |
Let Zillidy help you unlock the value of your luxury assets by using them to secure a loan quickly.
