Details.
Qollateral offers immediate payouts and same-day funding after your luxury asset is appraised. Loans range from $2,000 to $10 million. No credit check or personal guarantee is required, and the non-recourse loans are secured solely by your luxury collateral. The maximum repayment period is 120 days or 4 months. The interest rate is 2.9% per month, including applicable storage, insurance, and ticket fees, equating to a 34.8% APR when clients borrow up to 20% of the liquid wholesale value of their pledged collateral. There are no pre-payment penalties.