Refinance

At Kohli Loans, refinancing your loan is a smart way to unlock better financial opportunities. Whether you’re looking to lower your interest rate, reduce your monthly repayments, or consolidate debt, we offer tailored refinancing solutions to help you achieve your financial goals. Our team of experts will assess your current loan and provide you with options that best suit your needs. With access to competitive rates and flexible terms, we aim to simplify the refinancing process, making it seamless and stress-free. Let Kohli Loans help you take control of your financial future and secure a better deal.

Why Choose Kohli Loans

At Kohli Loans, our mortgage brokers are in your corner helping you to Refinance. Here’s how we help.

We put you first

We get to know not just you, but also your goal. While being responsive and flexible during the process.

Experience you can trust

Our mortgage brokers are experienced professionals with extensive lender and finance knowledge.

Access to lenders

We have strong existing relationships with over 60 lenders to help us negotiate the right deal.

Strong ethical standards

We go beyond the standard expectation when it comes to our compliance practices.

Flexibility support

We keep your options open and risk assess as we go. You can trust our quick response times and after hours support.

We are number one

We are rated the Top performing brokerage in Australia.

FAQ

Refinancing involves replacing an existing loan with a new loan, usually to get better loan terms such as a lower interest rate, a different loan term, or to switch from a variable interest rate to a fixed rate. Refinancing can apply to various types of loans, including mortgages, personal loans, auto loans, and student loans.

  • Lower interest rate: Refinancing can allow you to take advantage of lower interest rates, which could reduce your monthly payment and the total cost of the loan.
  • Reduce monthly payments: By extending the loan term or reducing the interest rate, you can lower your monthly payments.
  • Pay off the loan faster: You may refinance to shorten the loan term allowing you to pay off your loan faster and save on interest costs.
  • Switch loan types: If you currently have a variable-rate loan, you might refinance to a fixed-rate loan to lock in predictable payments.

Refinancing works by taking out a new loan to pay off your current loan. The new loan could have different terms, such as:

  • A lower interest rate.
  • A new loan term (e.g., shorter or longer).
  • A different type of loan (e.g., switching from a variable-rate mortgage to a fixed-rate mortgage).
  • Additional features, like access to home equity.

A cash-out refinance allows you to refinance your existing mortgage for more than you owe and take the difference in cash. This can be useful if you want to use the funds for:

  • Home renovations.
  • Debt consolidation.
  • Paying for major expenses like education or medical bills.

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