The Zillidy Difference
See how Zillidy compares to getting a loan from a bank, pawn shop or using credit cards.
Pawn Shop Loan
|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 or in our office||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.