Australia’s leading lender
to family law clients
We believe all Australians deserve to be treated fairly and have proper access to legal
services. We help you level the legal playing field and provide you with an affordable line
of credit so you have one less worry during your family law matter
Complete our online application form
We then work with your lawyer to see if your matter and circumstances are eligible. If approved, we’ll send you loan paperwork to sign electronically
We’ll pay invoices and other costs upon your written approval. At the conclusion of your family law matter, you repay your loan from the settlement proceeds.
A better, faster and fairer way to fund your family law matter.
Pay nothing up front
Low rates
No interest on undrawn funds
No repayments until settlement
Sustainable and regulated
Specialist support
We offer personal loans specifically designed to fund legal fees for family law matters. The loan has simple features, competitive costs, and expert support from our specialist legal team
| Annual effective rate | Most of our borrowers incur average effective costs of around 8.55% of their principal loan amount per year over the life of their loan* |
| Annual percentage charge | Around 7.2% p.a.^ Interest is only paid on the amount outstanding |
| Credit assistance fee | 3% on the amount of credit sought. One-off fee capitalised to the loan at initial drawdown and is paid to Plenti |
| Drawdown charge | 5% on every dollar drawn down on the loan is capitalised to the loan outstanding |
| Loan features | |
|---|---|
| Legal fee payments | Once your lawyer has issued an invoice, and you have approved the payment, we will pay it on your behalf. We can also pay money direct to their trust account and/or pay existing fees |
| Term | 24 month term with extensions available† |
| Security | All loans must be secured, with caveats or mortgages over land as the preferred security. But please discuss with us if other options may exist, such as PPSR charges or funds in trust |
| Loan amount | Typically, we lend up to 30% of a conservative estimate of the expected property settlement. Our loans are from $25,000 to $400,000 |
| Repayments | Repayment is at either settlement of the matter or the loan term. All fees and costs are capitalised into the loan and paid at settlement |
| Repayments method | Payment from settlement proceeds, usually direct from a lawyer’s trust account |
*Annual Effective Rate means the effective per annum cost for the credit facility with a 24 month term, a loan disbursement amount of $100,000, the first drawdown being $10,000, the facility being drawn in even monthly $3,750 amounts and the loan repaid at term. The Annual Effective Rate assumes standard fees and charges apply. This Annual Effective Rate is true only for the example given and actual costs will vary depending on factors such as loan size, drawdown timing and term. ^This is not an Annual Percentage Rate. Your initial interest rate will be confirmed in your loan contract. †We understand that in legal proceedings, repayment is often linked to an event such as the sale of a property or a settlement. If required, finance may be extended beyond the initial 24 month term. All applications for credit are subject to lender credit approval. Plenti RE Limited ABN 57 166 646 635 holds Australian financial services licence number 449176 and Australian credit licence number 449176 and is a member of the Australian Financial Complaints Authority (AFCA)
Over time, the timing of funds drawn can make a difference. These two scenarios outline the potential costs: one of a borrower who pays their lawyer periodically and the other, who immediately draws down all of their funds at the start.
llustrative example only – you are free to draw as much or as little as you need, when you need it
| Loan disbursement limit | $100,000 |
| First drawdown | $10,000 |
| Following monthly drawdown | $3,750 |
| Loan term | 24 months |
| Total Additional Costs^ | $17,086 |
| Annual Effective Rate* | 8.55% |
| Loan disbursement limit | $100,000 |
| First drawdown | $100,000 |
| Following monthly drawdown | $0 |
| Loan term | 24 months |
| Total Additional Costs^ | $24,859 |
| Annual Effective Rate* | 12.43% |
It’s important to note that every legal loan is different, as each family law matter is unique. Your costs are likely to change depending on
the amount borrowed, the term of the loan, and the timing of your drawdowns.
*Additional costs may include fees, charges and interest payable under your loan agreement.
*Annual effective rate means the estimated percentage amount payable in addition to the principal, for each year of your loan term
based on the drawdown timing referred to in each scenario and an assumed interest rate of 7.2%
We require all loans to be secured. Usually, that is a charge over your interest in property, and we use that charge to lodge a caveat or a mortgage.
The loan can be used to cover your lawyer’s fees as well as court costs, barrister’s costs and all other disbursements in relation to your case. It can also be used to pay money already owing to your lawyer, and we do allow a personal payment sometimes as well.
We will re-assess your matter in consultation with your lawyer and we may at our discretion and where compliant with regulatory requirements roll your loan into a second 24-month loan.
You can apply at any stage of your family law matter (even after Orders have been made) right up to settlement. However, matters at a very early stage might need to be put on hold until more information is known
You can apply at any stage of your family law matter (even after Orders have been made) right up to settlement. However, matters at a very early stage might need to be put on hold until more information is known
We will if it is connected to a property settlement. If it is a parenting matter only, such as a relocation hearing, or domestic violence application, then we will not.
Yes, all information you and your lawyer provide us is kept confidential in accordance with our Privacy Policy and is also protected by legal professional privilege.
Some might, some might
not - so it is best to check
with your lawyer.
This service is available for Australian residents only. We also require some security to be located in Australia
1. Legal circumstances
2. Credit behaviour
3. Understanding
of “worst-case”
scenario: outcome
4. Ability to repay
4. Supporting documentation
Under our credit licence, responsible lending rules, and the requirements of the National Consumer Credit Protection Act, we can only lend to
people who are able to safely and responsibly repay the loan. This is why we proceed on a worst-case basis.
Given every family law matter is unique, there may be circumstances where the above criteria are not met, but you think we can still meet
responsible lending rules. Please call us on 02 7202 2427 or email us at legalfiinance@plenti.com.au to discuss this, as exceptions do exist.
All applications for credit are subject to lender credit approval. Plenti RE Limited ABN 57 166 646 635 holds Australian financial services
licence number 449176 and Australian credit licence number 449176
Australia’s leading lender
to family law clients
We provide responsible finance to your clients to pay their legal fees in family law matters.
We help your clients by providing them with access to finance at fair rates, leveling the playing field and allowing them to move to resolution.
We help you attract more matters, protect your relationship with your clients and bolster your firm’s working capital.
Our finance may be useful for both new clients and existing clients where you are acting on a deferred fee basis.
Plenti Legal Finance is part of Plenti Group Limited, a leading consumer lender which is listed on the ASX. Plenti uses technology to cut out the costs and inefficiencies of traditional lenders, helping to deliver borrowers faster, better value finance.
We pay your invoices after they’re approved by your client, improving your working capital and removing from you the burden of carrying fees - with no financial commitment from you
Unpaid fees place strain on the lawyer/client relationship, and on third parties such as counsel. Our loans remove the pressure and stress for all involved.
We proudly support lawyers and their clients from over 400 law firms nationally.
We’ve worked hard to make legal fee loans easy so you and your clients can focus on
what’s important. New and existing clients could benefit from one less financial pressure.
Let them know we’re here to keep them moving forward.
We’ll contact them and provide all the information they need including how to apply.
We’ll contact them and provide all the information they need including how to apply.
Easy online application process
Once your client applies we’ll contact you for a summary of the case. We seek to assess and approve an application as rapidly as possible. When approved, we provide a credit limit to your client to help bring their matter to resolution
Payments
You submit requests for payment through our
easy online portal and we arrange payment to
you upon approval by your client.
It’s easy to become an Accredited Partner via our website. From there you can start referring your clients to Plenti
Clients must be engaged for a family law matter which involves a property settlement and they must be Australian residents.
Your client’s loan is governed by the National Consumer Credit Protection Act.
Funds can be used for various legal expenses, including lawyer, counsel, valuer and forensic accountant fees and other disbursements. Funds can also be made direct to your client for personal use in some circumstances.
Once you have requested a payment and it is approved by your client, we will pay you the amount on their behalf. We can pay direct into your trust account, and clear already outstanding fees.
We have an expedited process for simpler matters where the amount required is under $80,000. We need less information from you and we can approve these loans faster
Prompt payments directly to your firm
How we would work together
Become accredited and start referring clients
Complete the accreditation form via our website, which only takes a few minutes:
Refer new or existing clients you think would benefit from Plenti Legal Finance.
Your client can submit their application online, after which we will contact you for details of their case.
We offer personal loans specifically designed to fund legal fees for family law matters: each loan has simple features, a low rate, and expert support from our specialist legal team
| Annual effective rate | Most of our borrowers incur average effective costs of around 8.55% of their principal loan amount per year over the life of their loan* |
| Annual percentage charge | Around 7.2% p.a.^ Interest is only paid on the amount outstanding |
| Credit assistance fee | 3% on the amount of credit sought. One-off fee capitalised to the loan at initial drawdown and is paid to Plenti |
| Drawdown charge | 5% on every dollar drawn down on the loan is capitalised to the loan outstanding |
| Loan features | |
|---|---|
| Legal fee payments | Once your lawyer has issued an invoice, and you have approved the payment, we will pay it on your behalf. We can also pay money direct to their trust account and/or pay existing fees |
| Term | 24 month term with extensions available† |
| Security | All loans must be secured, with caveats or mortgages over land as the preferred security. But please discuss with us if other options may exist, such as PPSR charges or funds in trust |
| Loan amount | Typically, we lend up to 30% of a conservative estimate of the expected property settlement. Our loans are from $25,000 to $400,000 |
| Repayments | Repayment is at either settlement of the matter or the loan term. All fees and costs are capitalised into the loan and paid at settlement |
| Repayments method | Payment from settlement proceeds, usually direct from a lawyer’s trust account |
*Annual Effective Rate means the effective per annum cost for the credit facility with a 24 month term, a loan disbursement amount of $100,000, the first drawdown being $10,000, the facility being drawn in even monthly $3,750 amounts and the loan repaid at term. The Annual Effective Rate assumes standard fees and charges apply. This Annual Effective Rate is true only for the example given and actual costs will vary depending on factors such as loan size, drawdown timing and term. ^This is not an Annual Percentage Rate. Your initial interest rate will be confirmed in your loan contract. †We understand that in legal proceedings, repayment is often linked to an event such as the sale of a property or a settlement. If required, finance may be extended beyond the initial 24 month term. All applications for credit are subject to lender credit approval. Plenti RE Limited ABN 57 166 646 635 holds Australian financial services licence number 449176 and Australian credit licence number 449176 and is a member of the Australian Financial Complaints Authority (AFCA)
Further information coming soon
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