Dhahaby provides gold-backed loans, offering customers a secure way to borrow money using their gold assets as collateral. Their service focuses on transparent valuations and competitive interest rates for these loans.
Funding
$180K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional loan processes often involve extensive paperwork, long waiting periods, and hidden fees, creating frustration and uncertainty for borrowers, even when they have valuable assets like gold as collateral. Current lending practices may not accurately reflect the security provided by gold-backed loans, leading to unfavorable interest rates and terms.
Solution
Dhahaby offers a streamlined platform for gold-backed loans, providing customers with a transparent and efficient way to unlock the value of their gold, jewelry, and luxury watches. The platform simplifies the loan process by offering instant valuations, convenient appointments with trusted jewelers, and quick disbursement of funds. Dhahaby aims to provide competitive interest rates and flexible borrowing terms, including interest-only or principal repayment options, while ensuring the secure storage and real-time tracking of the gold assets. Customers can also increase their loan amount if the value of their gold increases, or withdraw their jewelry and adjust their credit limit as needed.
Target Audience
Dhahaby targets individuals who own gold, jewelry, or luxury watches and need quick access to financing without the complexities and delays of traditional loan processes.
Features
- Instant online valuation tool for gold, jewelry, and luxury watches
- Scheduled appointments with trusted jewelers for accurate asset valuation
- Fast loan approvals and instant fund disbursement
- Flexible borrowing terms with interest-only or principal repayment options (3-60 months)
- High loan amounts with competitive interest rates
- Secure vault storage for gold assets with 24/7 real-time tracking via a mobile app
- Option to top-up loan amounts if gold value increases
- Early loan repayment without exit penalties