Refinance
Your finance may be costing you too much
Replace your current loan with better terms — lower rate, lower instalment, or shorter term. Carfin clients average R 10 476 in yearly savings.
Why refinance?
- Lower your interest rate
- Reduce your monthly instalment
- Pay off sooner — shorten the term
- Remove or restructure a balloon
- Consolidate fees and shortfalls
How it works
- Quick assessment of your current finance
- We compare offers across leading lenders
- Choose your outcome
- Settle and switch — old loan replaced
Good times to refinance
- Interest rates have decreased
- Your credit score or income has improved
- A balloon is coming due
- You need to free up cashflow
What you'll need
- SA ID and driver's licence
- Payslips and 3 months bank statements
- Proof of residence
- Current settlement letter from your lender
- Vehicle registration and mileage