Lawsuit Loan Rates – Compare Costs & Get the Best Deal
When you need cash before your case settles, understanding lawsuit loan rates can make a big difference in how much you ultimately receive. Lawsuit loans provide an advance against your potential settlement, giving you financial relief while your attorney works to resolve your case. The rate you agree to will determine how much you repay when your case concludes, so knowing how these rates work is critical.
Get the Lowest Lawsuit Loan Rates
We have access to the largest network of funding sources, allowing us to secure the biggest advances at the lowest costs.
How Lawsuit Loan Rates Are Calculated
Rates for lawsuit loans are typically based on the risk level of your case, the estimated settlement amount, and how long it’s expected to take before your case resolves. Since these are non-recourse advances, funding companies take on significant risk—they only get paid if you win. This risk is built into the rate you are offered.
Common Rate Structures
While every funding provider operates differently, there are two common types of rate structures:
- Simple Rates: A flat monthly percentage applied to the advance until repayment.
- Compounding Rates: Interest is added to the balance and accrues over time, potentially making the total cost higher.
Understanding which type you are being offered is important before accepting an advance.
Why Our Rates Are Lower
Because we work with a large network of funding companies, we can shop your case to multiple providers at once. This competition helps us secure the most favorable terms—often meaning lower lawsuit loan rates and higher advance amounts than you’d get by applying directly to a single company. Our goal is to ensure you get the money you need without overpaying in interest.
Typical Costs and Examples
Rates vary widely depending on the details of your case, but they typically range between 2% and 4% per month. For example, if you receive a $5,000 advance at 3% simple interest for six months, you would owe about $900 in interest at settlement. We help you understand the total repayment amount before you agree to anything, so there are no surprises.
Factors That Influence Your Rate
- The strength of your case
- The estimated settlement amount
- How far along your case is in the legal process
- Your attorney’s willingness to cooperate with the funding company
- The type of case (personal injury, workers’ comp, medical malpractice, etc.)
Risk-Free Funding
Since lawsuit loans are non-recourse, you owe nothing if you lose your case. This makes them different from traditional loans and helps protect you from financial risk during an already stressful time.
Get the Best Rate Possible
If you’re comparing lawsuit loan rates, it pays to have someone in your corner. We leverage our extensive funding network to find the best possible combination of a large advance and a low rate, helping you maximize the amount you keep when your case is resolved. In addition, we can review your insurance options—such as accident, health, or disability coverage—to help protect your financial stability while your case is still in progress. This dual approach ensures you not only get the funding you need, but also have an added layer of protection against unexpected expenses.
Apply Today for the Best Rate
Let us shop your case to multiple funding sources so you get the largest advance at the lowest cost.
FAQs: Lawsuit Loan Rates & How to Get the Best Deal
What monthly interest rates are common for lawsuit loans?
Most pre-settlement funding providers charge between 2% and 4% per month on advances. Rates may vary based on the strength of your case, expected length of the lawsuit, and the provider’s policies.
How high can the effective annual rate (APR) be?
Because many lawsuit advances use compound interest, the annual rate can end up being 27% to 60% or more in some cases. Simple interest helps limit costs, but compound interest accelerates what you owe.
What determines the rate I’ll be charged?
Key factors include:
- How strong your case is (liability, evidence, etc.)
- How long the lawsuit is expected to take
- The jurisdiction (state) you’re in and its regulations
- The funding provider’s internal risk assumptions
- Whether interest is simple vs. compound
How much of my potential settlement can I borrow?
You’ll often be able to get 10–20% of the anticipated settlement amount in pre-settlement funding. Some lenders are more conservative; others may allow more depending on case value and risk.
What fees should I watch out for besides interest?
Besides interest, providers may charge:
- Origination / processing fees
- Administrative or underwriting fees
- Fees deducted upfront (reducing what you receive)
- Compounding or periodic fees if interest compounds
How much will I owe if my case takes extra time?
If your case takes longer than expected, costs can climb sharply, especially with compound interest. For example, a $5,000 advance at 3% monthly compound interest can grow significantly over 12–24 months. Always calculate several scenarios so you see what happens if the lawsuit settles early vs. later.
How do simple vs. compound interest affect my repayment?
With simple interest, you pay interest only on the original principal. With compound interest, each month you pay interest on the principal plus accumulated interest so far. Compound interest leads to much higher repayment amounts, especially over longer case durations.
How can I get lower rates / better terms?
Some tips:
- Work with experienced attorneys who present strong cases
- Use a lawsuit loan calculator to compare offers
- Choose providers with simple interest vs. compounding
- Look for transparency (no hidden fees) and capped rates
- Apply earlier in the case if possible once liability or damages are clearer
