Refinancing

When refinancing loans, an existing loan is replaced by a new loan, usually with better conditions and more favourable interest rates. This is why it is also referred to as loan restructuring or redemption credit.

If there are existing loans, a loan pooling can also make sense in order to replace the existing loan with a new personal loan.

Refinancing loans also belong to the category of personal loans in addition to car loans or home loans.

Further information on refinancing loans with LEND