Refinance your loan – Save immediately on interest and monthly payments
Are you currently paying too much interest on your loan or credit? Then it's smart to consider refinancing your loan . By transferring an existing loan or revolving credit to a new loan with a lower interest rate, you can often save significantly on your monthly payments and become debt-free faster.
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Refinance your loan – Save immediately on interest and monthly payments
Are you currently paying too much interest on your loan or credit? Then it's smart to consider refinancing your loan . By transferring an existing loan or revolving credit to a new loan with a lower interest rate, you can often save significantly on your monthly payments and become debt-free faster.
Quick start
- Online tool
- personal advice
- Response within 1 working day
What does refinancing a loan mean?
a loan means paying off your current loan(s) with a new loan that offers better terms. This could include a lower interest rate, a shorter term, or a loan that better suits your financial situation.
Many people transfer their loans to:
✔ Benefit from a lower interest rate
✔ Get lower monthly payments
✔ Combine several small loans into one manageable loan
✔ Be debt-free faster
The loan comparison is compared with all, so that you receive the best offer for the loan.
Benefits of refinancing a loan
🔹 Lower interest rates – Banks and lenders often offer lower interest rates these days than a few years ago.
🔹 Lower monthly payments – With a lower interest rate or longer term, you pay less every month.
🔹 Better overview – One loan instead of several small loans or credits.
🔹 Faster repayments – If you choose a shorter term, you'll be debt-free sooner.
Points to consider when refinancing a loan
Refinancing a loan often offers advantages, but be careful:
Sometimes you pay a penalty or closing costs on your current loan.
A longer term means lower monthly payments, but often also higher total costs.
Not every loan can always be transferred immediately.
That is why it is smart to compare carefully or ask for advice before you transfer a loan.
Who is refinancing a loan suitable for?
✔ People with a loan or revolving credit with a high interest rate
✔ Homeowners who want to save on their monthly costs
✔ Anyone who has multiple small loans and wants an overview
✔ People who want to be debt-free faster
Refinance your loan through Finass Verzekert
Want to know how much you could save by refinancing your loan ? At Finass Verzekert, we compare the best lenders and ensure you benefit from lower interest rates, lower monthly payments, and favorable terms.
👉 Request a free quote today and discover how much you can save by transferring your loan through Finass Verzekert!
Frequently Asked Questions – Refinancing a Loan
Please note: Borrowing money costs money. The information below is general and not personal advice. Interest rates/fees may change, and there is usually a BKR registration .
What does refinancing a loan mean?
You cancel your current loan(s) and take out a new loan with different terms (interest rate/term). The goal: lower monthly payments, lower total interest, or bundling multiple loans.
When is refinancing worthwhile?
If the new interest rate is significantly lower, your term matches your goal, and the costs (penalty/closing costs) are recouped within a reasonable period.
What costs should I take into account?
Penalty interest/termination fees on the current loan, closing/administration fees on the new loan, and any advisory fees . Add these up and compare them to the interest savings.
How do I calculate whether it is worth it?
Compare the APR (Annual Percentage Rate), look at the remaining term and residual debt , and make a break-even estimate: in how many months will you earn back the refinancing costs?
Can I consolidate multiple loans?
Yes, that's called consolidation (e.g., revolving credit + personal loan + credit card debt). One manageable term and often a lower interest rate, provided you don't extend your term unnecessarily.
What happens to my BKR registration?
The old loan is deregistered and the new loan is reregistered with the limit/principal amount. This counts towards your future borrowing capacity .
Converting fixed or variable interest rates — does it make sense?
A regular revolving credit line with a variable interest rate is often more affordable than fixed-rate/fixed-term personal loan certainty about the end date and total costs.
Is it wise to extend the term?
Lower monthly payments are nice, but a long term can increase the total interest . Choose the shortest possible term that you can comfortably afford.
Can I make additional repayments in the meantime?
With a personal loan, additional repayments are often allowed without penalty ; check the terms and conditions. A revolving credit facility is more flexible but usually has a variable interest rate .
What documents/data are required for refinancing?
Identification, income information (payslip/income tax), housing costs , overview of current loans affordability assessment will follow .
Can I refinance together with my partner?
Yes, jointly and severally. Both applicants are then jointly and severally liable ; income and obligations are assessed together.
What are common mistakes when refinancing?
Only looking at the monthly payment (instead of total costs), too long a term , and not considering refinancing costs or BKR impact. Always have a comparison made.
How do I request a personal calculation example?
We make a comparison based on your residual debt, interest and term and show you the difference in total costs .
Exact terms and rates vary by provider and are subject to change. Want to be sure refinancing is truly worthwhile? Request a personalized calculation .
