Need Cash Before Your Settlement?
Founded in 2003, Rhino Legal Finance has an industry-leading reputation with clients and lawyers across Canada in providing injury claim cash advances to clients injured in motor vehicle accidents.
Our goal at Rhino is to get you emergency funds quickly through a pre-settlement loan customized to meet your needs through our unique Rhino Solutions. We have helped over 16,000 individuals with their personal injury-related financial troubles.
7 REASONS TO CHOOSE RHINO:
- Our customized programs will significantly reduce the cost of borrowing.
- We do not require proof of employment or verification of an income source to qualify for a loan.
- We do not review your past credit history or require personal assets as security for our loans.
- You do not need to make monthly payments while the case is proceeding.
- We look to the settlement of the claim for re-payment of the loan.
- Because we are lending against the case, if the case is lost, you may owe nothing.
- No re-payment is required until your claim is resolved, regardless of the time needed to settle the claim.
Our Application Process
We speak with your lawyer and review your case to assess your application. Our client service team can recommend a settlement loan solution that best meets your needs.
Our Lump-Sum Loan solution allows you to access the full loan amount, for payment at one
time. There is no maximum amount, but we do encourage clients to only borrow
what they need.
Our Facility Loan solution acts as a line of credit where interest only accrues on the amount advanced. We’ll approve the loan amount, allowing you to withdraw funds as needed. You may also choose to set up a monthly schedule for budgeting purposes.
Our Treatment Loan solution allows you to focus on your health and wellness while we handle the administrative and economic burdens resulting from your injuries. This solution acts as a line of credit where interest only accrues on the bills we pay on your behalf, which are sent to the Treatment Providers you are working with, to support your recovery.
Our Terms and Fees
|Interest Rate||24% per year, compounded semi-annually. Six months up-front interest.||24% per year, compounded semi-annually. Six months up-front interest.||24% per year, compounded semi-annually. Six months up-front interest.|
|Proof of Income||None||None||None|
|Credit check/collateral required||None||None||None|
Frequently Asked Questions
No, your interest rate with Rhino Finance will not change. The rate you start with is
the one you maintain for the life of your settlement loan.
There is a one-time administrative fee of $375 for our Lump-Sum Loan and $475 for our Facility and Treatment loans.
Our settlement loans are non-recourse, which means if you legitimately lose your case, you owe us nothing. We assume 100% of the risk.
Structured settlements were introduced by the Government of Canada, to invest settlement monies on behalf of those made vulnerable by injuries, in something that is not likely to be lost prematurely.
These settlements are available, upon the consent of the casualty insurance company or by court order, and are purchased by the casualty insurance company on behalf of the claimant. They are only available at the time of settlement. As they are non-assignable, non-commutable and non-transferable by law, Rhino Finance cannot loan against these investments.