Baker Street Funding lawsuit loans' interest rates

Baker Street Funding provides the lowest cost pre-settlement loans nationwide. 

All non-recourse lawsuit loan rates shown below are risk-free, meaning you will not be responsible to pay the advance and the rates if your case doesn’t reach a successful settlement or award of damages. If you win your case, the actual interest rate on your lawsuit loan may be different than the rates in these examples. We offer a 3-year rate cap, which means in the three-year mark, you will no lo longer be charged additional interest rates. That will be the end of the term. See our pre-settlement funding eligibility criteria to learn more.

Examples of low interest rates on settlement loan amounts

The following examples depict the monthly interest rates, and costs during the life of a $5,000 pre-settlement lawsuit loan.

The interest rate of a lawsuit loan is the percentage of the loan principal that a lawsuit lender like Baker Street Funding charges for borrowing plaintiffs to access the loan funds upon approval. On average, our settlement loan interest rates range from 18% to 38% per year, but this varies depending on the case.

Settlement date
Interest rates
Total interest rates
3 months
2.1% – 3.4%
$416.55
6 months
2.3% – 3.4%
$833.10
12 months
2.4% – 3.4%
$1,732.80
18 months
2.7% – 3.4%
$2,599.20
24 months
2.8% – 3.4%
$3,332.40
30 months
2.9% – 3.4%
$4,165.50
Settlement date
Interest rates
Total
3 months
2.1% – 3.4%
$416.55
6 months
2.3% – 3.4%
$833.10
12 months
2.4% – 3.4%
$1,732.80
18 months
2.7% – 3.4%
$2,599.20
24 months
2.8% – 3.4%
$3,332.40
30 months
2.9% – 3.4%
$4,165.50

How much does pre-settlement funding cost?

Your lawsuit loan’s specific interest rate and cost depend on how much risk the legal case possesses to the financing company. Plaintiffs with solid lawsuits and reasonable defendant insurance limits qualify for lower rates than those with new cases or issues in the claim or liability concerns. We recently performed a study of the number of pre-settlement advances we buy from new clients looking for a better company; we saw that the average interest rate on a pre-settlement loan was more than 58% a year in 2021. This study shows that most legal financing companies that claim to provide low-interest rates are charging plaintiffs double the amount of what it should be. That said, their interest cost ranged from as low as 3.5% monthly for the most qualified applicants and up to 5% a month for those with weak claims. In comparison, the average interest rate for companies we paid off previous loans to was more than 46% as of June 2021.

Baker Street Funding
Other lawsuit lenders
Rate range
Flat rates starting at 28% p/year
Compounding rates at 100-200%+ p/year
Terms
3 year cap
No cap
Contracts
Costs are low
Show another number on contract
Baker Street Funding
Other lawsuit lenders
Flat rates starting at 28% p/year
Compounding rates from 100-200%+ p/year
3 year cap
No cap
Costs are as advertised
Show another number on contract

What impacts a pre-settlement funding interest rate?

Legal funding companies calculate lawsuit financing rates based on a number of variables ranging from the size of the lawsuit loan, the term of your settlement, the risks of your case, the strength of your claim, and insurance limits. Here are some of the factors that can impact a low-interest rate on a pre-settlement loan:

Funding amount

The size of the funding requested can impact interest rates on the loan because the larger the lawsuit loan is, the more risk to the pre-settlement funding company. For that reason, lawsuit loans that are over $25,000 often come with a slightly higher interest. But if the case has already settled, then the rate will be lower no matter the size of the loan.

Case's length

The length of the lawsuit influences the interest rate of a pre-settlement loan—and the loan term ends in the 3rd year. Generally speaking, the longer a case takes to settle, the higher the pre-settlement funding interest rate will be.

Case's strength

The legal case's strength often predicts the interest rates because they will either pose more or less risk to a funder. For example, if a borrower has a personal injury case with prior injuries or has liability concerns, she may default on the loan because the lawsuit may end up as a loss. Lawsuit loan companies lose investments in cases every day, and this is why the lower rates are only offered to those with solid claims.

Lock in the lowest rate with a Baker Street Funding

Solid funding

At least 50% of approved applicants qualified for lawsuit loans with the lowest rates available.

Transparent interest rates

A representative example of an average lawsuit advance is $15,000 for borrowers with personal injury cases and surgeries from the accident with a 2.95% Monthly Percentage Low Rate (Non-Compounding).

Top funder

Baker Street funding is famous for buying out previous lawsuit legal fundings from companies who over charge plaintiffs. This is why attorneys love us, because we deliver what we advertise, the lowest lawsuit loan interest rates—guaranteed.

Calculate your loan with our lawsuit loan calculator.

Check out our lawsuit loan calculator and learn the approximate cost of your loan for your case.

Ready to apply for lawsuit funding?

Our lawsuit funding team is here when you need us. Give us a call for a free consultation at (888) 711-3599.

Select a funding service to apply. 

Attorney Requests

Lawsuit Loans

Litigation Funding

Personal Injury Loans

Settled Case Loans

Surgery Funding

Or just call us at 888.711.3599 to apply.