Legal finance, We’re Australia’s leading provider of professional loans for family members legislation

Assisting you attain a reasonable and equitable result in your loved ones legislation matter.


We’re Australia’s leading provider of professional loans for family members legislation

We think all Australians deserve to fairly be treated. That’s why our expert team that is legal consumers pay their lawyer’s bills with quick, reasonable and low-cost appropriate loans. We assist you to get a good result in family legislation matter by giving you with an inexpensive way to obtain funds, makes it possible for you to definitely spend your lawyer on time, to allow them to give attention to offering you professional advice and help.

RateSetter is Australia’s leading peer-to-peer loan provider. We utilize technology to get rid of the expense and inefficiencies of old-fashioned loan providers to offer a quicker, better deal.

Why fund your appropriate expenses with us?

We think all Australians deserve to fairly be treated. That’s why our expert team that is legal customers as you spend their appropriate charges with fast, reasonable and low-cost appropriate loans.

Reliable partner

Our committed group make use of both you and your attorney to organize the loan that is right your own circumstances and instance

Minimal price and easy

Minimal prices, no interest on undrawn funds, with no very early payment charges

Fast and reasonable

Access the representation that is legal require now to obtain the result you deserve, without any upfront expenses or repayments until your matter settles

Professional loans that are legal

Loans made for household legislation things and handled by attorneys whom realize the process that is legal

Tailored financing

Appropriate finance tailored to offer help for household divorce and legislation law issues

Australia’s most trusted legal loan provider.

We assist consumers as you have a reasonable outcome in their loved ones legislation matter by giving accountable and affordable use of finance.

Knowing I don’t need to make any repayments until my divorce or separation matters settles has removed an enormous anxiety from what’s currently a stressful situation.

Peter (Lawyer), Melbourne

As an attorney, having my charges compensated on time enables us to concentrate on providing accurate and prompt advise to my consumers.

David (Lawyer), Sydney

RateSetter has enabled customers of Gordon & Barry to carry on to get into services that are legal complex times during the their everyday lives. We now have no doubt in suggesting RateSetter to consumers who require it.

Concerns? We’re here to simply help.

How will be the prices, charges and costs determined?

Our standard charges and fees relevant to appropriate loans are the following:

  • Credit Assistance Fee – 4% in the number of credit looked for. One-off fee incurred during the commencement for the loan and is paid to RateSetter.
  • Danger Assurance Charge – 5% on every buck drawn down from the loan. A solitary payment each time your loan is drawn and it is compensated in to the Provision Fund to pay for danger.
  • Month-to-month Fee – $80 every month. So long as your loan is outstanding, and it is compensated to RateSetter.

You’ll also incur a adjustable rate of interest in your outstanding stability.

Other costs and costs may connect with your loan, which we will reveal through your application.

What’s the cost that is overall?

We think it is vital to comprehend the total cost before you are taking away that loan to fund your legal costs. During the time of obtaining appropriate finance with RateSetter, we outline your costs that are specific our loan documentation before you proceed. That will help you comprehend the possible expenses, we now have outlined two consumer situations below plus in our Guide for Borrowers.

Standard Borrower

Many borrowers try not to draw straight down the complete borrowing limit on time 1. Rather, many is likely to make draw that is progressive in the long run as his or her attorney invoices for time used on the way it is, additionally the loan is usually repaid within two years.

For the debtor by having an approved loan for $100,000, whom attracts $10,000 on time 1 after which makes regular draw downs within the next two years, the projected total amount payable in including all costs costs and interest is just about $19,500 along with funds lent.

This might be an effective interest of 9.81per cent p.a. Over 24 months.

Immediate Draw Down

Some borrowers do want to straight away draw straight down each of their funds in the beginning of the loan.

For a debtor having a loan that is approved $100,000, whom draws the entire quantity on time 1, the absolute most compensated over 24 months, including all costs, fees and interest, is supposed to be $23,786 as well as funds lent. This assumes that interest accrues in the total quantity for the total a couple of years, plus 24 month-to-month cost re payments.

This really is an effective interest rate of 11.80% p.a. Over two years.

It’s important to notice that each appropriate loan is various, as each household legislation matter is exclusive. Your prices are very likely to alter with regards to the quantity lent, the definition of of the loan, and also the nature of one’s draw downs.

Just just What security does RateSetter require?

We simply just take safety over your desire for property. Inside our loan agreement, you grant us a cost over your desire for home, and now we utilize that charge to lodge a caveat or a home loan.

Imagine if I do perhaps maybe perhaps not possess any property or land?

If you should be instead of the name to your real-estate, then you might have an equitable curiosity about your matrimonial house, over which you are able to give us a fee. Additionally other available choices available, such as for example a cost over individual home.

Other faqs

Does one other celebration have to find out about my finance?

This can rely on your position, therefore consult with your solicitor. Nonetheless, generally speaking one other celebration can use into the court to learn the method that you are funding your costs that are legal.

What costs can the funds address?

A RateSetter Legal Finance loan can help protect your solicitor’s charges in addition to Court expenses, barrister’s costs and all sorts of other disbursements pertaining to your situation.

Can the funds are used by me for any other costs?

In certain circumstances, we might advance you funds to pay for individual cost of living. Any amount lent to you on this foundation is with the quantity necessary for appropriate costs and addressed as you single loan.

Just What credit checks can you do?

We shall undertake a credit check in the application once we do for the unsecured loan, car finance and loan that is green. Should you want to expand the definition of of the loan, we’re going to perform an additional credit check.

Can you provide to people who have a bad credit rating?

We start thinking about each application on its merits. However, our company is limited by accountable financing obligations, therefore borrowers that have past defaults or dismal credit history is almost certainly not approved.

Would you lend for parenting disputes?

We shall when it is attached to a house settlement. Then we will not if it is a parenting matter only, such as a relocation hearing, or domestic violence application.

At exactly just exactly what stage of this appropriate procedure can we get a loan?

You are able to use at any phase of one’s household legislation matter appropriate as much as settlement.

Am I able to make very early repayments?

Yes. Any part repayments serve to decrease the amount owing and consequently reduce steadily the accumulated interest cost.

What are the results if my instance hasn’t settled in the 24-month loan term?

We are going to re-assess your matter in assessment along with your attorney therefore we may roll your loan into an additional loan that is 24-month.

Is my information private?

Yes, all given information you and your attorney offer us is held private relative to our online privacy policy and is particularly protected by Legal Professional Privilege.

Get authorized for appropriate finance in 4 basic steps


Complete our simple online application with only several fast actions. Be sure to confer with your attorney about their costs, which means you know simply how much you shall have to borrow.

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Along with your authorization, we get hold of your attorney regarding your instance. We conduct a review that is legal and make sure we meet responsible financing responsibilities


If approved, you’ll accept loan papers become finalized and came back, containing all the details you should know regarding the loan


Funds will soon be compensated right to your lawyer after invoices are granted and authorized by your


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