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Funding Applications

How Do I Apply?

  • The funding process is very simple and there is no charge for  considering your application.
  • You or your lawyer can complete an application for funding form. The application forms are in the quick links section of our website.
  • Please complete as much of the application form as possible. To assist us with processing your application we will require evidence of the assets and liabilities in the matter. This includes current mortgage statements, valuations/ appraisals, financial statements and a schedule of assets and liabilities if available. We will not be able to consider your application for funding without evidence of the assets and liabilities.

What Do I Need To Qualify?

  • You need to have real property that is in your sole or joint name. Quantum Family Law Funding procedures require a charge over real property, which may be supported by a caveat.

How Much Can I Borrow?

  • Quantum funding is based on a case by case scenario. However we will only provide up to $10,000 for past legal expenses.
 

How Long Does it Take?

  • The approval process usually takes 48 hours, assuming we have been provided with all the information we need to access your loan application. If we do not have all the information we require to process your application we will contact you or your lawyer as soon as possible.

When Will I Know If My Application Has Been Approved For Funding?

  • We will contact your lawyer to advise if your loan has been approved. If approved we will send the loan documents directly to your lawyer.

Once My Application Has Been Approved When Will I Receive The Funds?

  • We are able to transfer funds into your lawyers trust account once we have received the signed loan documents. Quantum will pay the invoices prepared by your solicitors as received directly into the firms trust account.

How Do I Repay My Loan?

  • You do not need to make any repayments on your loan until the matter has settled. Settlement proceeds are paid directly into your lawyers trust account and from there your lawyer will contact us to arrange repayment of your loan.


Source URL:
http://www.quantumfamily.com.au/funding/process