Personal
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Low rates starting from 9.19% p.a. (comparison rate from
10.58% p.a.*) with money in your bank account in as little as
60 minutes.

Won’t impact your credit score!
Won't impact your credit score!

Estimate your repayments

Find out how much your repayments and interest rate could be with our calculator.

Enter your loan details

$

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Estimated monthly repayments

$910.72

Example interest rate

9.19% p.a.

Comparison rate*

10.58% p.a.

Total charges

$1,857.28

Total repayments

$21,857.28

It won’t affect your credit score!

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Check our rates and fees

Interest rate (p.a.)

9.19

% p.a.

up to

23.99

% p.a.

Comparison rates (p.a.)*

10.58

% p.a.

up to

26.58

% p.a.
*This comparison rate is based on an unsecured variable rate personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. $495 establishment fee and $10 monthly fee applies.
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*This comparison rate is based on an unsecured variable rate personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. $495 establishment fee and $10 monthly fee applies.

Refinancing a Car



If you’re struggling with your current vehicle loan due to unaffordable monthly repayments, refinancing a car could be your answer to getting more favourable options. Getting a car loan can either make or break you. The key is, once you have made car repayments on time, chances of increasing your credit score, as well as your shot at getting approved in refinancing a car, will be high. 

So when refinancing a car, there are some key points to remember before taking the plunge. Some of those include the following: 

  • Prepayment charges. Refinancing a car means you will be required to prepay your existing loan. In most cases of prepayment, a penalty is required to be settled. Therefore, assessing the prepayment charges is necessary to make sure you’ll do the right choice. 
  • Depreciation in the value of your car. In most cases, lenders may not agree to refinance a car if it’s already old. 
  • Lender’s reliability. When you are thinking of refinancing your loan, ensure that you choose a trustworthy lender that offers dependable services. 
  • Additional charges. In refinancing a car, you will have to apply for a new loan whether from a bank or online lenders, which includes inevitable processing fees and charges. Sometimes charges offered by lenders include high interest rates and fees that are beyond your financial conditions, so assessing those is a great deciding factor before you consider refinancing a car.

At MONEYME, refinancing a car is now at your fingertips. By submitting your application online, evaluation and approval can happen within a day. You can apply during our business hours and get money of up to $50,000 straight to your wallet.



What is car refinancing?

Refinancing a car simply means getting a new loan to pay off the balance of your existing car loans. Usually, refinancing car loan works when the purchased car becomes a collateral and paid off in fixed monthly payments over a predetermined period spanning from one to five or up to seven years. Depending on a certain variable such as your credit score and payment history, auto refinancing could lower your interest rate or monthly payment or change the duration of your loan.

When choosing a lender to refinance your auto loan, MONEYME can be a safe choice. With our fast and easy online application process, you can have your application submitted in less than five minutes. Our secure and latest online bank technology also allows us to instantly verify your identity and application.



How does refinancing a car benefit you?

Refinancing a car is reasonable and considered a great option if you can save money. Paying less interest, for instance, could help you free up your budget and allot a portion of it for other important necessities. 

To help you understand refinancing a car better, here are some pros to consider as you weigh your options for another auto financing:

  • You could get a better interest rate.
  • You can lower your payment.
  • You could borrow extra money.

However, if you’re looking into refinancing a car because you’re having trouble affording your repayments, also ask your lender for better car financing deals. Lenders may offer you to temporarily or permanently adjust your loan’s interest rate, term, or other variables without refinancing. 

At MONEYME, we are committed to offering you refinancing options coupled with competitive variable interest rates, flexible repayment terms, and low fees. What makes us even better than others is that you are not charged early termination fees if you choose to close out your loan with us early. 



When should you refinance a car?

There is no best time to refinance your car loan. The rule of thumb here is if it saves you money, then you can go refinancing a car. However, there are still a few situations where refinancing makes the most sense. These include the following:

  • When interest rates have gone down. If you purchased your car a while ago, it is possible that car loan rates have decreased since then.
  • You have improved your credit score. Regardless of your past situations, bear in mind that improving your credit score is still possible, and it may be enough to get you a lower interest rate. The tip is once you sign up for an initial loan, try to always do the repayments on time so you may qualify for better loan terms in the future.
  • When you financed your current auto loan through a dealership. Dealerships may not offer you the best rates in car loans, so if you took financing through a dealer, especially without negotiating the interest rate, refinancing a car should really be on top of your list to help you save thousands of dollars over the remaining life of the loan.
  • When you won’t be penalised for repaying your existing loan. Refinancing your auto loan means paying off your existing loan early, and it could be a threat to your financial situation if your existing loan contract includes a prepayment penalty clause. However, there are other existing car loans that do not require such, so make sure that before considering refinancing a car, you are free of any prepayment penalties and charges. 

Finally decided to refinance your car? Use a car repayment calculator to assess your financial situation. At MONEYME, we devised an online repayment calculator that will give you the choice of adjusting its variables depending on your current situation and needs. So whatever you have currently on the horizon, go to MONEYME and get the cash you need to make your life a little easier.

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How to apply

1 Check your rate

See your interest rate and repayments in less than
5 minutes. It won’t impact your credit score!

2 Submit your application

Review your loan offer, hit 'submit application', and
we'll take care of the rest.

3 Get your funds

If approved, you can have money in your bank account
in as little as 60 minutes.

Must be Australian citizen, New Zealand citizen or permanent resident

Earn more than $30,000 p.a. from employment

Must at least be 18 years old

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