Our Personal Injury Disbursement loans can be used to fund the expenses incurred in pursuing a claim such as expert medical reports, court fees and/or the After The Event (ATE) Insurance Policy premium.
How does the funding work?
The repayment of the loan is secured by an assignment of the ATE Insurance Policy and undertakings given by your solicitor in relation to the proceeds payable under the claim. In the event that a claim is lost or discontinued, the loan is repaid to Affiniti from the insurance policy proceeds
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 Benefits
Key Facts for Law Firms
This product is available on an individual case basis, where Affiniti’s team complete case by case underwriting, or on a delegated underwriting authority
Funding helps to preserve your company’s capital and cash flow
Ability to utilise Affiniti expertise to streamline funding requests for your clients
The total amount that you will repay is dependent on the total loan amount drawn, the number of drawdowns and the duration of the loan which may result in a higher APR%.
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