Raf Frequently Asked Questions

A RAF loan is an advance payment based on an expected Road Accident Fund settlement. It provides financial relief while waiting for your claim to be processed, which can sometimes take years. This type of loan allows accident victims to access a portion of their expected settlement amount early, helping with immediate expenses like medical bills, living costs, and other financial obligations.

To qualify for a RAF loan, you must have a valid RAF claim in process with a high likelihood of success, as determined by our lending partners. Key eligibility criteria include:

• An active claim with the Road Accident Fund
• Legal representation by a qualified attorney
• A claim with good merits (liability has been established)
• Documentation proving the estimated value of your claim
• Proof that your claim is proceeding through the RAF system

Each application is assessed individually based on the specifics of the case.

Once your application is submitted, you can typically expect to hear back within 48-72 hours regarding initial approval. The complete process, from application to fund disbursement, usually takes 5-10 business days, depending on the complexity of your case and the responsiveness of your attorney in providing the necessary documentation.

The loan amount depends on several factors, including the estimated value of your RAF claim and the lending partner's policies. Typically, you can receive between 15% to 30% of your expected settlement amount. The minimum loan amount is generally R10,000, while the maximum depends on your specific case and estimated settlement.

Yes, you must have legal representation by a qualified attorney who is handling your RAF claim. Your attorney plays a crucial role in the loan process by:

• Confirming the details and status of your RAF claim
• Providing documentation about the estimated value of your claim
• Acting as an intermediary between you and the lender
• Ensuring the loan agreement aligns with the legal aspects of your RAF claim