What is a refinance loan?
A refinance loan replaces your existing personal loan with a new one. The new loan pays out your current balance and you continue repayments under the new terms. People refinance for different reasons. Some are looking for a more competitive interest rate. Others want to adjust their repayment term, change the frequency of payments, or simply switch to a lender that better suits their current situation.
Refinancing is worth considering if your circumstances have changed since you first took out your loan, if your credit profile has improved, or if market rates have shifted since you signed up. It may also be worth exploring if you're struggling with your current repayments and need more flexibility.
What can you refinance?
A refinance loan through Armstrong's Finance can be used to pay out and replace:
Why choose Armstrong's Finance to refinance?
Flexible loan terms
Choose repayment terms and frequencies that suit your current situation. What worked two years ago may not be the best fit today.
We compare for you
We search across our lender panel to find the most suitable refinance option for your circumstances, saving you the time of shopping around yourself.
Transparent pricing
No hidden fees, no nasty surprises. We lay everything out upfront so you always know where you stand. Full fee schedule available on our Fees & Interest Rates page.
Fast approval
Apply online in minutes. If approved, funds can be in your account the same day. Subject to responsible lending criteria and lender assessment.
Simple by design
How it works
Refinancing through Armstrong's Finance is straightforward. Here's how it works:
Get a quick quote
Use our online quote tool to see estimated repayments in minutes. It's obligation-free and won't affect your credit score.
Submit your application
Once you're happy with your quote, complete your application online. We'll ask for a few supporting documents, things like proof of income and ID. Our team will keep it as straightforward as possible.
We go to work for you
As your broker, we submit your application across our lender panel to find the most suitable match for your situation. Subject to responsible lending criteria and lender assessment, funds can be in your account the same day if approved.
Your existing loan is paid out
The new lender pays out your existing loan balance directly. You then make repayments on your new loan under the agreed terms.
Am I eligible?
Armstrong's Finance refinance loans are available to a wide range of New Zealanders, and we assess every application individually.
To be eligible for a refinance loan, you'll need to:
Frequently asked questions
Refinancing Loans
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Refinancing Loans
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Will refinancing save me money?
It really comes down to your personal situation. If you refinance to a lower interest rate and keep your loan term about the same, you could save money overall. But if you stretch out your loan for much longer, you might end up paying more in interest, even with a lower rate. We’ll always show you the full cost of your new loan upfront, so you can easily compare it to what you have now.
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Can I refinance a car loan?
Absolutely. If your current car loan isn't quite working for you anymore, you can refinance it. This means taking out a new loan to pay off your existing one, often with a better rate or repayment plan. The process is straightforward and works just like refinancing any other personal loan.
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What does it mean to refinance a personal loan?
Refinancing a personal loan is when you swap your current loan for a new one, usually with better terms. You might get a lower interest rate or a repayment plan that suits you better. This can help lower your monthly payments or help you pay off your loan sooner.
Ready when you are
Apply in minutes. Know your options today.
No obligation. Just a clear picture of what's available to you.
No obligation. Just a clear picture of what's available to you.
Loan Information
Armstrong's Finance Limited (FSP1012153) is registered on the Financial Service Providers Register (FSPR) and holds a Class 2 Financial Advice Provider licence and is authorised to provide regulated financial advice services in accordance with the Financial Markets Conduct Act 2013. Armstrong's Finance Limited acts as a finance broker and does not directly provide credit. All lending is provided by third-party lenders on our lender panel.
Remuneration: Armstrong's Finance Limited is remunerated by way of commission paid by lenders. The amount of commission varies between lenders and products. Armstrong's Finance Limited may receive different commission rates from different lenders. We manage this conflict by recommending products based on your individual needs and circumstances rather than the level of commission received. Full details are set out in our Disclosure Statement, which is available on our website and on request free of charge.
Lending criteria apply. All applications are subject to credit assessment, responsible lending inquiries, and individual lender eligibility criteria in accordance with the Credit Contracts and Consumer Finance Act 2003 (CCCFA) and the Responsible Lending Code (revised July 2024). Interest rates range from 7.95% p.a. to 29.95% p.a. Rates are variable unless otherwise stated, are subject to change, and are based on individual credit assessment. Establishment fees vary between $0.00 and $2,500 depending on the type of loan arrangement, and are included in your loan structure and repayments.
Dispute resolution: If you have a complaint that we are unable to resolve, you may refer it to Financial Services Complaints Ltd (FSCL), our approved dispute resolution scheme. This service is free of charge. Contact details are available in our Disclosure Statement and on our Complaints page.
Financial hardship: If you are experiencing financial hardship, you may be entitled to apply for a hardship variation under the CCCFA. Please contact us as soon as possible. See our Financial Hardship page for more information.
Your personal information is collected and held in accordance with the Privacy Act 2020. Please refer to our Privacy Policy for details of how we collect, use, and store your information.