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Car Loan Refinancing to fit your budget.
Compare lenders, loans and rates
with our straightforward application process.
Refinance your car loan quickly and effortlessly, tailored to match your personal needs.
Car loan refinance with iCREDIT opens the door to financial flexibility and savings.
If you’re burdened by high-interest rates or seeking better loan terms, our refinancing options provide a strategic solution.
We understand that life is dynamic, and so should be your financial arrangements. By refinancing your car loan you gain the advantage of potentially lower interest rates, reduced monthly payments, and improved overall loan terms.
Our streamlined process ensures that the transition is smooth, offering you the opportunity to optimise your financial well-being. Whether you’re looking to save money or simply aiming to fine the best car loan refinance rates, iCREDIT is your trusted partner in the journey toward a more favorable car financing arrangement.
A quicker, hassle free lending journey
Experience the ease of our straightforward 3-step process, ensuring your car loan refinance Australia is processed efficiently.
What Are The Pro’s and Cons’ Of Refinancing?
Secured Car Loans
About Secured Car Loans
Secured car loans offer the most competitive interest rates with loan terms ranging from 1 – 7 years. Secured car loans are available for new and used cars, for dealer sale, private and auction purchases. The vehicle is used as security for the loan which lowers the overall loan risk to the bank.
Car Loan Refinance Options Available
Unsecured Car Loans
About Unsecured Car Loans
Unsecured car loans offer flexibility with loan terms ranging from 1 – 7 years. Unsecured car loans can also be known as personal loans and can be used to purchase older model vehicles or if you want the flexibility to sell your vehicle without having to pay out the loan contract. These loans may have higher interest rates.
Business Car Loans
About Business Car Loans
Business car loans are used predominately for commercial use and can offer taxation benefits of claiming against GST, repayments or loan interest. Loan terms can range from 1 – 7 years with balloon or structured repayments options. These loans offer flexible repayment terms to suit the business structure or cash flow.
Questions and Answers about Car Loan Refinancing in Australia
Car loan refinancing, the process of replacing your existing auto loan with a new one, can lead to savings through lower interest rates, reduced monthly payments, or improved loan terms.
It’s crucial to explore car loan refinancing options to secure better interest rates, especially when current rates drop, to optimise monthly payments and long-term savings.
Timing is key; consider refinancing when interest rates are favorable, your credit score improves, or your financial circumstances change, allowing for more favorable loan terms.
Individuals with less-than-perfect credit can explore our panel of specialised lenders offering car loan refinancing
Navigate the car loan refinancing process by applying for a new loan and providing necessary documents such as proof of income, vehicle details and a payout letter from your current bank.
None. Our system will compare your existing loan across our panel of lenders, banks and car financiers to find the lowest cost answers. This is completed so as not to affect your credit rating / score.
While some lenders allow existing customers to refinance, shopping around for the best rates and terms from different lenders is advisable for optimal savings.
Consider potential fees such as new lender application fees, factoring them into your decision-making process for a comprehensive understanding of the total cost.
We explore the possibility of refinancing an upside-down car loans by discussing available options with lenders, keeping in mind your unique financial situation.
CALCULATE YOUR CAR LOAN REFINANCING REPAYMENT
Why Choose Us?
Choosing iCREDIT for refinancing your car loan in Australia is a smart move.
We have a team of experts who know the Aussie market inside out. They work hard to get you the best deal tailored to your unique situation, even if you’re dealing with credit challenges or an upside-down car loan.
We’re all about making things easy for you, negotiating low-interest rates, and offering flexible terms.
With iCREDIT, you’re not just refinancing; you’re driving toward a better financial future. We keep it stress-free, with low fees and maximum savings and a smooth, cost-effective car loan refinancing experience in Australia.
We’ve helped thousands of Australians find their loan
Protect Your Investment
We offer a range of optional insurance covers to provide protection for you and your vehicle.
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The fine print
*Finance subject to approval, including the application of applicable lending criteria. Terms and Conditions apply. Fees and Charges are payable. Credit assistance provided by iCREDIT Australian credit licence 499023. ^Comparison rate for Secured Loan is calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. **. Interest Rate: 6.99% Comparison Rate: 9.05%
* You should however take into consideration that an online car loan calculator is to be used as a Guide Only and may not include all fees and charges. Every effort has been made to ensure the accuracy of the calculator, however use and results are at your own risk. Banks and vehicle financiers will base their final decision on the vehicle age, the amount borrowed and the overall profile of the customer. When using an online car loan calculator include the following as these are generally not shown in the monthly repayments. Lender Establishment Fees, Origination Fees, Personal Property Security Register Fees, any ongoing fees. To obtain more accurate repayments based on your profile, the age of the vehicle and loan amount please call 1300 350 118 for an obligation free quote.
We do not under any circumstances accept responsibility or liability for any losses that may arise from a decision made as a result of using the calculator.