Personal
loans for
kicking goals

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!

An award-winning experience

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 Car Loan



A refinancing car loan lets you find better ways to land a good auto loan deal. You might be hesitant to take the first step to unload your financial burden if you’re unsure what to expect. So one of the ways to give your refinancing car loan a go is to compare car refinance rates to achieve your credit goals. MONEYME offers easy financial solutions should you plan to get a new car or refinance due to a difficult financial situation.

You can avail of our low-interest rates and fast approval process that will not make you wait for days or weeks. MONEYME knows that a refinancing car loan can work for your benefit, especially at these challenging times. So explore our competitive interest rates and get low fees across all our finance options. That way, you’ll be able to secure great savings with those new car finance deals that are flexible and affordable.



How does refinancing a car loan work?

Refinancing a car loan lets you take a new loan to pay off an existing auto loan. You may give a refinancing car loan a chance if you are thinking of improving your credit score or getting good interest rates. You may opt for refinancing to improve your current financial condition and save money from your monthly repayments. The money you’ll save can be used as a fund to start a business or even an investment. Others consider refinancing due to sudden income loss or an emergency expense. Whatever reason you have, we’re sure that a refinancing car loan will work for your best interest.



Get competitive interest rates

When you refinance with a new lender, you can avail of a low and competitive interest rate that lets you save more money. Your previous loan may have offered you high-interest rates based on your credit score. However, if you look around for a better deal, you will soon realise that there are lenders that can offer more attractive low-interest rates. 

Online lenders like MONEYME give you lower interest and general fees that can help you reduce the total interest you’re paying every month. Interest rate differences of one to two percent, when added up, can help you save more. So when asking around for a better interest rate, check how much it will save you from extra charges.

When refinancing, you may need to assess if your current loan has pre-payment penalties. At MONEYME, we understand that with all the finances you’re handling, you wouldn’t want to pay for extra charges just because you’re paying your loan balance early – that’s why we don’t charge early exit payments or early termination fees.



Enjoy affordable monthly repayments

Low monthly interest rates mean lesser repayments. Refinancing a car loan allows you to negotiate and make better loan terms. If you have two or three more years before paying off your existing loan, you may ask for an extension of one to two more years from your new lender. While this means a longer loan duration, you’re able to spread out your payments over time which can give you lesser monthly repayments. This can help you save on cash when repaying your monthly loan. Refinancing eases your financial burden of paying more monthly costs for your car loan.



When should you refinance your car loan?

Refinancing your car loan may not be an easy decision to make. You need to assess your financial situation to better view your current refinancing options. Timing is an important factor to consider in car finance as it can lead you to make better financial decisions.

If you had your original auto loan a long time ago, chances are, you may have realised that interest rates have dropped to over three to four percentage points, especially if you loaned at an unfixed interest rate. A dip in interest charges may result in bigger savings as your estimated loan payment monthly may also decrease. Should you decide on new car finance, you can save compared to paying off your current loan until the last day of the agreed term. 

If you’re having trouble paying your monthly expenses and would like to cut off to save, then easy car loans through refinancing are worth giving a try. For example, if you still have two or three years to pay off your current auto loan, then you can opt for a refinancing car loan to lower your monthly repayment by paying in cash your previous loan. You may extend longer terms of the new loan to your advantage. Refinancing can lower your monthly car payments as you have a longer loan term. However, a longer term means paying more interest over time but with lesser monthly repayments. 



How soon can you refinance a car loan after purchase?

There’s no specific timeline and rule on when’s the best time to refinance a car loan. Everything depends on your current financial situation and affordability to pay your monthly repayments. But remember that car value depreciates, so if you’re paying a higher amount of loan compared to the original price of your car, then it would be better to find a new lender who can offer you a better interest rate.

If you know that you’re still recovering from a not-so-great credit score, it is best to improve your credit score first by paying your loan on time and becoming consistent in your loan repayments. You can start with a small MONEYME loan and repay us on time so that you can improve your MONEYME loan rating and may be able to borrow at a lower cost next time.

Interested in refinancing a car loan with us? Enjoy competitive pricing and low-interest rates with fixed repayment schedules only at MONEYME. We offer fast and easy online applications with same-day approval and fund transfer. Get loan amounts from $5,000 to $50,000 with terms and conditions apply. Contact us for more information and get better deals in refinancing a car today!

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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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‘Read only' access to accounts

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