Car loans
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Product explanation
What is refinance?
Plain-English guidance so you can understand the product before deciding whether to proceed.
Refinance involves replacing an existing loan with a new facility. It may be used to review repayments, restructure terms, consolidate selected commitments or release an asset from an unsuitable lender structure.
A refinance should be assessed carefully because fees, payout amounts, remaining term and lender criteria all affect whether it is suitable.
Broker-led, not one-size-fits-all
- Clear product explanation
- Practical document guidance
- Suitable lender pathways reviewed
- Structure explained before application
Visual finance guidance
Clear guidance with relevant real-world scenarios
These examples show the types of situations, assets and documents that commonly shape the finance discussion.
Review the current loan first
Refinance starts with payout, current repayment, remaining term and whether a new structure genuinely helps.
Asset and payout position matter
Truck, vehicle or equipment refinance depends on asset value, payout figure, credit profile and repayment capacity.
Understand the trade-offs
A lower repayment can come from a longer term or different structure, so total cost and suitability need to be explained.
What can be financed
Common examples we can help review
Final lender fit depends on the asset, applicant profile, loan amount, purpose and supporting documents.
Truck loans
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Equipment loans
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Asset finance
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Selected personal loans
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Selected business debts
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Balloon/residual refinance
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Payout and restructure scenarios
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Who this may suit
Practical scenarios where broker guidance can help
Figure Out Finance works through your situation, explains lender expectations and helps identify suitable next steps.
Customers with an existing finance contract
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Business owners reviewing asset debt
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Applicants approaching balloon payment expiry
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Customers wanting clearer loan structure
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Customers consolidating selected debts
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Borrowers comparing current lender terms
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Finance options available
Structures that may be considered
Depending on your circumstances, options may include the structures below. Not every option is available to every applicant.
Asset refinance
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Vehicle refinance
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Equipment refinance
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Business refinance options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Debt consolidation options where suitable
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Secured or unsecured options depending on purpose
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
What lenders usually consider
How lenders commonly look at an application
The assessment is not designed to be intimidating. It is about confirming the loan purpose, ability to repay and whether the product fits lender criteria.
Current payout figure
This is one of the common factors lenders may review when assessing the application.
Repayment history
This is one of the common factors lenders may review when assessing the application.
Asset value and age
This is one of the common factors lenders may review when assessing the application.
Credit profile
This is one of the common factors lenders may review when assessing the application.
Income or trading history
This is one of the common factors lenders may review when assessing the application.
Existing debts and liabilities
This is one of the common factors lenders may review when assessing the application.
Reason for refinance
This is one of the common factors lenders may review when assessing the application.
Repayment capacity
This is one of the common factors lenders may review when assessing the application.
How Figure Out Finance helps
Guided support from enquiry to settlement
You get clear broker support rather than being left to interpret lender requirements alone.
- Understanding what you are trying to fund
- Comparing suitable lender options from a broad panel
- Explaining the structure clearly before proceeding
- Helping with documents and lender requirements
- Managing lender communication
- Supporting the process through to settlement
Documents commonly requested
Documents depend on the lender, loan type and applicant profile
Documents requested will depend on the lender, loan type and applicant profile. Dean will confirm the exact list after reviewing your scenario.
- Driver licence or ID
- Current loan statement
- Payout letter
- Asset details
- Income evidence
- Bank statements where requested
- ABN/business information where relevant
- Existing lender contract details
Process
Simple 4-step process
1
Tell us what you need
Share what you are trying to fund, the timing, amount and applicant situation.
2
We review suitable options
We compare suitable lender pathways based on the purpose, profile and documents.
3
We explain the structure
You receive clear guidance on structure, repayments, conditions and next steps.
4
We help with application and settlement
We help manage lender requirements and support the process through to settlement.
FAQ
Common questions
General information only. The right answer depends on your circumstances and lender criteria.
Common review points include balloon expiry, high repayments, business changes, asset upgrades or when existing debt no longer fits the borrower’s needs.
No. Refinancing depends on payout costs, fees, rate, term, loan amount and lender criteria.
Some lenders may consider refinancing a balloon or residual payment if the asset and borrower profile meet criteria.
Business vehicles, trucks, equipment and other assets may be reviewed for refinance depending on the lender and asset.
Ready to review your finance options?
Tell us what you are looking to fund and we’ll help you understand suitable options from our lender panel.
Finance is subject to lender approval, credit criteria, fees, charges, terms and conditions.