Quick Answers

General

Can I apply for more than one loan?

Yes. As your matter progresses ASK will be able to better determine what the final outcome will be – and we will look at providing further credit. You can reapply for an additional loan three months after your initial loan has been approved.

Do you take a percentage of my winnings?

No. We just charge interest based on the risk associated with lending, together with an administration fee. 

How long does it take to approve a loan?

It depends on how long it takes to obtain information from your solicitor. Once all the information is received, approval is usually within 5 business days.

How much can I borrow?

ASK can lend from $5,000 for an Injury Loan and from $5,000 up to $1 million for a Family Law Loan.

What happens between approval and getting the funds?

We need to receive the loan documents signed from you, plus any security if required. Once this has been received, funds will be transferred within 2 business days.

What information do you require from me?

You need to complete an application form, which you can download directly from this website. Once we receive your application we will contact your solicitor in writing, asking a few questions in relation to your legal case. 

When do I have to make repayments?

No repayments are required until your case is settled. You can, however, make repayments at any time throughout the loan period if you choose to. 

Personal Injury Loans

Can I apply for an Injury Loan if I am unemployed due to my injury?

Yes. Unlike traditional lenders, we recognise that you will receive a future entitlement which we lend against; no repayment is due until settlement. 

How do I pay back my Injury Loan?

No payments are required until the settlement of your case. At which time your solicitor will be able to help you with this process when your settlement has come through. 

What happens after I have applied for an Injury Loan?

We contact your solicitor and then loan assessment takes about 72 hours from the time we have all your paperwork from the solicitor. If approved, we send you an SMS to advise you of this and the amount the loan is approved for.

We will then send you loan documents to be signed by you and we will also send your solicitor a document called the 'Irrevocable Instruction'. Confirmation of receipt and acceptance must be signed by your solicitor and received by us before we can transfer your funds.

What happens if I lose my personal injury case?

If you settle with insufficient funds to repay ASK and your matter has been properly prosecuted and no fraud has been involved, we will not chase you for any money (subject to Terms and Conditions).

What security do you require?

This is an unsecured loan, meaning we will not take a lien over your personal assets or property. You simply just sign an irrevocable instruction whereby you instruct your solicitor to pay ASK the principle amount plus interest out of your settlement proceeds. 

Who can obtain an Injury Loan?

You must be represented by a lawyer. If you have a Work Cover Claim or have been involved in a Motor Vehicle Accident your matter must have advanced to a stage where liabilities are admitted or not an issue (e.g. being a passenger in a car accident and clearly not being at fault). Please note in the state of NSW we cannot lend against Work Cover Claims.