Military Personal Injury Disbursement loans
We provide funding for a variety of claims against the Ministry of Defence, including military deafness and cold related injuries. Our Military Personal Injury Disbursement loans can be used to fund the expenses incurred in pursuing a claim such as court fees and expert medical reports.
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
- The loan, including interest and fees is repayable from damages awarded to the claimant when the claim is settled
- If a case is unsuccessful the loan is repaid to Affiniti from the ATE insurance policy proceeds
The Benefits
Key Facts for Law Firms
- We offer funding solutions that removes the risk and cost of legal spend from your balance sheet
- Ability to utilise Affiniti expertise to streamline funding requests for your clients
- Our Military Personal Injury product can be supported by our Life & Rehabilitation loan if your client requires assistance with therapy, rehabilitation or other personal and medical expenses
Key Facts for Consumers
- There are no monthly re-payments, the loan, including interest and fees, is repaid to Affiniti Finance at the end of the claim from the damages you are awarded
- You will need to have in place an After the Event (ATE) insurance policy, which will protect the repayment of your loan if your claim is unsuccessful
- Your Solicitor will arrange to repay the loan, interest and fees payable from the proceeds of your ATE Policy, there will be no recourse to you for any loan balance
- If you receive an interim payment from the defendant, you can repay your loan early with no early repayment charges
- Our Military Personal Injury product may be supported by our Life & Rehabilitation loan if you require assistance with therapy, rehabilitation or other personal and medical expenses, subject to criteria