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Programs, Terms & Fees

Monthly Income Support Program ™

We understand how fast an injury and loss of work can put your client in a deep financial hole. We can provide your client with a lump-sum settlement loan, (minimum $500-no maximum) to help them with those mounting expenses. But now, how are they going to survive until the loan settles? They may only need an extra $500.00 - $1,500.00 a month to make ends meet until their personal injury claim is settled. We can provide smaller, monthly income-gap replacement loans directly into your client's bank account so they can get on with their life.

We work with your client to assess their monthly income needs. Based on this and the strength of their underlying claim, we deposit a pre-established amount of money in their bank account. These deposits qualify for our interest-lowering Rate Protection Plan ™ should your client's claim take longer than expected to be resolved.

Rate Protection Plan ™

Not all cases go as planned. Unforeseen delays can significantly impact the timing and outcome of the case settlement. Rhino Legal Finance recognizes these uncertainties. Our unique Rate Protection Planwill significantly lower the rate of interest charged on the loans, effective on the second anniversary of the loan. This allows you and your client to comfortably proceed with the case knowing the costs will remain manageable if the case stretches out longer than anticipated.

rate protection plan graph

Terms & Fees

Loan Size: Minimum $500 (no maximum)
Interest Rate: Case dependant - rates vary from 1.65% - 3.1% monthly *
Term: Minimum of 4 months
Payments: No interim payments of interest or principal required until the lawsuit is resolved and settlement is received.
Credit history or employment income is not required.

* rates and fees may vary depending on your case. Exact terms will be fully disclosed in your loan documents prior to funding.

 

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Rhino Legal Finance funding services provide fast loan approvals and crisis assistance funds to help toward your legal financing and living expenses while your accident claim case is pending settlement. Emergency finances are availble to cover your litigation lawyers expenses, and structured monthly income support to help you pay your bills. Current employment status or bad credit history are not considered when we are reviewing financial loan applications, and there is no credit check or other collateral required. Amount of loans are based solely on your income & money needs, and on the merits of your personal injury claims. Recognized by top law practices in Canada, our pre settlement loans offers the best protection of cash advances without having to refinance your home mortgage, or sell other assets to cover expenses during your medical recovery and lawsuit. Apply online for quick service, or have your law firm representative apply on your behalf today.

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