CFA Cases: Client Loans for Disbursements
Clients take a loan to pay all disbursements including court fees:
- We cover disbursements on most financial claims (such as personal injury, clinical negligence, professional negligence, etc)
- Repayment from the settlement / costs award
- Loan interest costs are being successfully claimed back from the defendant
- ATE / BTE can cover the loan repayment if the case is unsuccessful. ATE can also cover the loan interest costs (subject to the agreed terms of your insurer)
- We offer an extended 4 year term for personal injury and clinical negligence disbursement loans
- We offer the option to roll up interest into the loan for an extended period
- We lend 100% of the disbursements due from the client.
Interest rate 1.25% per month (15% per annum / £12.50 per month per £1,000 borrowed)
All loans are underwritten by your firm but remain off balance sheet
Security is required in the form of a solicitor's guarantee and a client undertaking to their solicitor to pay the loan balance from the proceeds of their case.
Follow this link for full details of our scheme
Email to info@lime-finance.com or call 01782 638500 or contact us
Representative Example:
Amount of credit: £25,000 for 12 months. Interest £3,750. Interest rate 15% per annum (variable). Set up fee £75 and Drawdown fee £20. Initial payment of £95 followed by 11 monthly payments of £312.50 and a final payment of £25,312.50. Total payable £28,845. Representative 16.5% APR (variable)
Lime Finance, Queen's Gardens, 31 Ironmarket, Newcastle, Staffordshire, ST5 1RP
Authorised & Regulated by the FCA - 728998
