Refinancing -
How to Refinance Your Loan
Simply fill in the enquiry form on the right for a free assessment. We can help you even if you are struggling to pay your credit card debt, personal loans and car repayments.
Refinancing your mortgage can allow you to access cheaper interest rates or even unlock the equity in your home to renovate, buy an investment property or consolidate debt. The Australian Lending Centre has years of experience helping people to refinance to achieve these goals. So if you are looking to refinance an existing loan, or want to consolidate a number of debts (including credit card debt), then you've come to the right place!
Refinancing can take the pressure out of your current financial situation.
We believe that every person, regardless of past credit issues (such as a bad credit rating), should have the opportunity to improve their financial position by refinancing a loan.
What is it to refinance? Is it part of debt consolidation? Refinancing essentially reduces the amount of interest you pay and often allows you to pay off other debts like personal loans or credit card debt. This is done through switching to a loan with a lower interest rate when you refinance.
Some of the advantages of refinancing a loan include:
- Lower monthly repayments when you refinance
- The ability to pay off multiple debts through refinancing schemes
- Reduced risk by changing from a variable rate to a fixed rate when you refinance
- Access to cash to cover major expenses when you refinance
By refinancing your outstanding loans and other debts into one easy fortnightly or monthly repayment you could save thousands of dollars.
Here's an example from one of our satisfied clients:
Mrs Doonan, who has 2 children under the age of 12, was finding it quite difficult to maintain her monthly financial commitments.
Before refinancing:
| Type of Asset/Liability |
Owing |
Monthly Repayments Before Refinancing |
| Mortgage |
$112,000 |
$800 |
| Personal Loan |
$17,700 |
$590 |
| Personal Loan |
$12,000 |
$300 |
| Personal Loan |
$4,500 |
$160 |
| Credit Card |
$8,800 |
$264 |
| Credit Card |
$7,300 |
$219 |
| Family Owes |
$14,000 |
Nil |
| Total Monthly Repayments: |
$2,333 |
After Mrs Doonan refinanced with us:
| Her New Monthly repayment (refinanced): |
$1,137 |
| Monthly Savings: |
$1,223 |
| Yearly Savings: |
$14,676 |
Regardless of the current interest rates, we at the Australian Lending Centre are proud to say that we have some of the lowest interest rates in the market for refinancing and debt consolidation - and we want to share these fantastic deals with you! Call us now for details on how to refinance on 1300 138 188.
Learn more from the Australian Lending Centre about:
Financial services overseas - read about solving credit card debt