How Lawfunder Works

From your first application to final repayment, here's everything you need to know about the litigation lending process — step by step.

Non-Recourse
No win, no repay
$5k – $25k
Loan amounts
$0/month
No monthly payments
ACL 514419
Licensed lender
1
Pre-Qualify
2
Apply
3
Lawyer Verify
4
Assessment
5
Signing
6
Funding
7
Monitoring
8
Settlement
9
Repayment
10
Closure
1

Pre-Qualifying Check

Answer 3 quick questions online to check your eligibility in minutes.

5 – 10 minutes
Step 1: Lawyer Check
Do you have a lawyer representing you?
Step 2: Claim Details
Tell us your claim type & incident details
Step 3: Settlement Info
Your lawyer's details & estimated settlement
  • We check your basic eligibility based on your claim type, jurisdiction, and settlement estimate
  • Our AI system provides an instant preliminary assessment of your application
  • Eligible claim types include motor vehicle accidents, work injury, public liability, medical negligence, and more
  • If you don't have a lawyer yet, we can refer you to our LawChoice network of experienced litigators

What you need to do

  • Have your lawyer's contact details ready (name, email, phone, firm)
  • Know your estimated settlement amount (minimum $100,000)
  • Know the approximate date of your incident
2

Full Application

Complete your personal details, financial information, and case specifics.

15 – 20 minutes
  • Your pre-qualifying details are carried forward — no need to re-enter them
  • Provide your personal details, address history, and date of birth
  • Share your employment information (current and pre-injury)
  • Provide identification details (driver's licence, Medicare card)
  • Nominate your bank account for fund disbursement
  • Specify the loan amount you need ($5,001 – $25,000)

What you need to do

  • Have your ID documents handy (driver's licence, Medicare card)
  • Know your bank account details (BSB and account number)
  • Have details of your employment before your injury
3

Lawyer Verification

We contact your lawyer to verify your claim details through a secure questionnaire.

1 – 3 business days
  • Your lawyer receives a secure questionnaire link via email
  • They confirm the nature, status, and prospects of your legal claim
  • They provide estimated settlement values and expected timeframes
  • They confirm any existing liens or charges against the settlement
  • They acknowledge the funding arrangement and sign required authorities

What you need to do

Let your lawyer know to expect an email from Lawfunder. The faster they complete the questionnaire, the sooner we can assess your application.

4

Assessment & Approval

Our team reviews your application through a comprehensive assessment process.

1 – 2 business days after lawyer questionnaire
Credit Assessment
Identity verification & credit check
Responsible Lending
Suitability & affordability check
Underwriting
Case strength & risk analysis
Approval Decision
Final decision & loan terms
  • We verify your identity using secure electronic identity verification (eIDV)
  • A responsible lending assessment ensures the loan is suitable for your circumstances
  • AML/CTF compliance checks are completed as required by law
  • Our underwriting team assesses the strength of your case and recovery prospects
  • You'll be notified of the decision — approved, conditionally approved, or declined

What you need to do

Respond promptly if we request any additional information. You can track your application status at any time using our online tracker.

5

Document Signing

Review and electronically sign your loan agreement — no paperwork required.

Same day
  • You receive your loan agreement via email for electronic signature
  • The agreement clearly sets out the loan amount, interest rate, fees, and repayment terms
  • You can review the document at your own pace before signing
  • Once you sign, our Director counter-signs to execute the agreement
  • A fully executed copy is emailed to you and your lawyer for your records

What you need to do

  • Read your loan agreement carefully before signing
  • Check the loan amount, interest rate (APR), and establishment fee
  • Contact us if you have any questions before signing
6

Funding

Funds are transferred directly to your nominated bank account.

1 – 2 business days after signing
  • Once the loan agreement is fully executed, funds are transferred to your bank account
  • You'll receive email confirmation once the transfer has been initiated
  • Funds are typically available within 1–2 business days
  • Your loan becomes active and interest begins accruing from the disbursement date

What you need to do

Confirm receipt of funds and keep your bank details up to date. If you don't receive funds within the expected timeframe, contact us immediately.

Non-Recourse Protection

If your legal case is unsuccessful, you don't repay the loan. This is a non-recourse loan — your only obligation to repay arises from the proceeds of a successful settlement. No win = no repay.

7

Case Monitoring

We stay in touch with your lawyer to track your case progress.

Ongoing — until settlement
  • Your lawyer provides periodic updates on the status of your claim
  • We track key milestones: mediation dates, court dates, and settlement negotiations
  • You can view your case status and loan details anytime through the client portal
  • There are no monthly repayments to make during this period
  • If your circumstances change, contact us to discuss hardship assistance if needed

What you need to do

Keep us informed if you change lawyers, your contact details change, or if there are any significant developments in your case. You don't need to make any payments during this stage.

8

Settlement

Your legal case reaches resolution and settlement funds are received.

Varies by case
  • Your case settles — either through negotiation, mediation, or court judgment
  • Settlement funds are received into your lawyer's trust account
  • Your lawyer confirms the settlement details and provides a distribution statement
  • Lawfunder's lien is noted on the settlement distribution

What you need to do

Ensure your lawyer notifies Lawfunder promptly when your case settles. Your lawyer will coordinate the repayment from the settlement proceeds on your behalf.

9

Loan Repayment

Repayment is made directly from your settlement proceeds through your lawyer's trust account.

Upon settlement distribution
  • Your lawyer distributes settlement funds according to the settlement statement
  • The loan balance (principal + accrued interest + fees) is paid to Lawfunder from the proceeds
  • The remaining settlement funds are paid directly to you
  • You receive a final statement confirming the loan has been repaid in full

How repayment is calculated

  • Principal: The original loan amount you borrowed
  • Interest: Accrued daily from the date of funding until repayment
  • Establishment fee: 9.95% of the loan amount (included at setup)
  • No hidden fees: What you see is what you pay
10

Loan Closure

Your loan account is closed and all obligations are complete.

Immediate upon full repayment
  • Once repayment is received in full, your loan account is closed
  • Any PPSR security registration is removed
  • You receive written confirmation that the loan is settled and closed
  • Your obligations to Lawfunder are complete — you're free and clear

What you need to do

Nothing! Retain your closure confirmation for your records. If you need any documentation in the future, you can contact us at any time.

Ready to Get Started?

Apply online in minutes. Our team is here to help every step of the way.

Apply Now Calculate Your Loan

Lawfunder Pty Ltd | Australian Credit Licence ACL 514419

All lending is subject to responsible lending obligations under the National Consumer Credit Protection Act 2009 (NCCP Act). Loan approval is not guaranteed. Terms, conditions, fees, and charges apply. Please read the loan agreement carefully before signing.