Disbursement loans

Our Disbursement loans can be used to fund the expenses incurred in pursuing a claim such as expert medical reports or court fees.

How does the funding work?

  • The Loan is secured on an ATE (After the Event) insurance policy
  • We charge interest on a simple, not compound, basis and this interest is not payable until the claim is resolved
  • The money is drawn down as required by the solicitor running the claim, and paid directly into the law firm’s client account
  • If a case is unsuccessful the loan is repaid to Affiniti from the ATE insurance policy proceeds

The Benefits

Key Facts for Law Firms

  • Funding helps to preserve your company’s capital and cash flow
  • Ability to utilise Affiniti expertise to streamline funding requests for your clients
  • Our options offer flexibility to your clients

Key Facts for Consumers

  • A high-quality personal service, with prompt credit decisions
  • You need to have an ATE Policy in place, which will protect the repayment of your loan if your claim is unsuccessful
  • If you receive an interim payment from the defendant, you can repay your loan early with no early repayment charges

Representative Example

Personal Injury: The interest rate is 18% per annum (fixed)
If you borrow £15,000 and repay this after 12 months, the total amount you will repay is £17,850. This includes interest payable of £2700 plus a draw down fee of £150.

Representative 19% APR

Clinical Negligence: The interest rate is 19.9% per annum (fixed)
If you borrow £22,000 and repay this after 12 months, the total amount you will repay is £26,528. This includes interest payable of £4378 plus a draw down fee of £150.

Representative 20.6% APR

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