What is the Cost for Personal Guarantor Legal Advice & Certificate?
Law firms can vary greatly in the fees they charge for guarantor clients needing legal advice on a loan and guarantee.
Conduct a google search and you’ll find a ranges from $385 per person to $1,320 per person, or hourly rates for whatever time is spent dealing with it.
It is often the case that those quoted fees, or estimates of legal costs, first provided have increased by the time you actually engage the lawyer, or they send a final bill.
So make sure when shopping around to get a clear fixed fee agreement in place to ensure there are no hidden fees or extra not included.
Our Transparent Fixed-Fee Model
ILA Australia offers a clear, fixed-fee structure for its independent legal advice to personal guarantors, which is published online and kept up-to-date:
Single Guarantor: $695 (including GST)
Two Guarantors: $995 (including GST)
These fees encompass the review of loan and guarantee documents, a legal advice session, and the issuance of an independent legal advice certificate.
Advantages of ILA Australia’s Approach
Transparency: All fees are published online, ensuring clients are fully informed before engaging services.
Convenience: Services are delivered entirely online, accommodating clients across Australia and offering flexibility in scheduling.
Efficiency: The streamlined online process allows for quick turnaround times, often completing the legal advice and certification within 1–3 days.
Expertise: We focus in providing independent legal advice to personal guarantors, ensuring clients receive knowledgeable and relevant guidance.
Navigating the responsibilities of acting as a guarantor requires clear understanding and professional legal guidance.
While costs for such services can vary across law firms, our commitment to transparent, fixed-fee pricing offers clients certainty and peace of mind. By combining convenience, efficiency, and expertise, we ensure that guarantors are well-informed and protected in their financial commitments.
