Zili is a direct credit company authorized and supervised by the Central Bank of Brazil, operating through its proprietary electronic platform. The company facilitates various credit operations including loans, financing, and acquisition of credit rights, such as real estate-backed loans and private payroll loans. All transactions are subject to internal policies, credit analysis criteria, and compliance with the National Financial System regulations.
Funding
Funding not disclosed
Founders
Product
Problem
Individuals and businesses often face challenges in accessing affordable credit with flexible terms to consolidate debt, finance projects, or manage cash flow. Traditional loans may come with high interest rates and rigid repayment schedules, making it difficult for borrowers to adapt to changing financial circumstances.
Solution
ZiliCred provides a home equity line of credit (HELOC) secured by real estate, offering a flexible and cost-effective financial solution. Customers can access funds as needed and only pay interest on the amount withdrawn, similar to a credit card but with the security of real estate collateral. This revolving credit line allows borrowers to draw funds, repay, and redraw, providing continuous access to capital. The HELOC is based on the value of the property, and the available credit line is replenished as payments are made.
Target Audience
The primary target audience includes homeowners seeking flexible financing options for debt consolidation, home improvements, business investments, or other financial needs.
Features
- Credit line secured by real estate, enabling access to lower interest rates
- Interest is charged only on the amount withdrawn from the credit line
- Flexible repayment terms, with options up to 240 months
- Credit line is revolving and automatically replenished as payments are made
- Online simulator to determine credit line and monthly payments
- Funds can be used for debt consolidation, home improvements, capital, or other purposes
- Loan-to-value (LTV) ratio of up to 50% of the property value