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Clients: Clinical negligence


    Does the loan repayment come from the proceeds of my settlement?

    Repayment is made either from the proceeds of your claim, or from the insurance. You will instruct your solicitor to make the repayment from your settlement before they issue you the remaining balance.

    Can I repay the loan early?

    Yes. There are no penalties for repaying the loan early. We calculate interest daily so the shorter the time you have the loan, the less interest you will pay.

    What happens if I don’t use all of the loan?

    Any unused loan money is returned to Novitas and interest calculated on a pro-rata basis (i.e. applied only to the amount you have used).

    Can Novitas ask for repayment at any time?

    Repayment is at the end of your proceedings, but if you breach the loan agreement we may ask for repayment of the loan at any time. This can include, dis-instructing your solicitor without our agreement or failing to follow advice from your solicitor in any material way that impacts whether Novitas will be able to recover the monies loaned to you.