How Lilypay Funeral Loans Work

At Lilypay, we understand how overwhelming life’s toughest moments can be, and we’re here to make things a little easier with financing that works for you. Our fee structure is simple, predictable, and designed to be more affordable than credit cards or traditional loans—offering clear terms without hidden surprises.

Calculate Your Payments

STEP 1

Apply Online In Minutes

It only takes a few minutes to apply for a funeral loan with Lilypay. There is no impact on your credit score.

STEP 2

Get Approved & Funded Fast

You’ll receive a decision instantly. Funds are sent directly to the funeral home so you can focus on what matters.

STEP 3

No Stress Arrangements

Plan a meaningful tribute with Lilypay covering initial costs, so you can focus on what matters.

STEP 4

Choose A Flexible Payment Plan

Once approved, you’ll see personalized financing options. Select the plan that fits your budget. 

Lilypay vs. Traditional Options

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Lilypay

Flexible Funeral Payment Options

Credit Cards/Loans

Personal Funeral Loans

Credit Check

Soft Pull, No Impact on Score

Hard Pull, May Lower Score

Interest Rate

No Interest, Flat ~8% Service Charge

Variable APR, Often 15-30%

Loan Limits

Unlimited (based on funeral costs)

Typically Capped at Set Limits

Approval Speed

Same Day Decision

May Take Days to Approve

Late Fees

Fixed & Reasonable

High & Variable

Repayment Terms

Predictable, Fixed Installments

Revolving Credit, Minimum Payments Increase Debt