SocietyOne / Refinance Car
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Refinance Car
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Getting a personal loan with SocietyOne is quick and easy.
$/Fortnight
$6,112
Total repayment (inc. interest and fees)
$1,111.67
Total interest
8.20% p.a.
Example interest rate*
8.27% p.a.
Comparison rate*
Refinance Car
There are many reasons why people look to refinance car loans: they are rethinking their balloon payments, their lender is charging hidden fees, or they realise their interest rates were too steep.
No matter why you’re looking to apply to refinance car loans, SocietyOne is a great place to start. We offer secure and flexible personal loan options to help everyday Australians with their various needs.
Can I refinance my home loan to buy a car?
Refinancing your home loan is one method people use to purchase a car. To fund the purchase of a car, you’ll most likely need to release some of the current equity in your home. Your home loan balance would then be adjusted to reflect the cost of the car, and you would continue to pay off the loan at the interest rate you and your chosen lender agreed upon.
When refinancing your home loan to buy a car, consider any refinancing fees or other charges that your lender may have. In addition, carefully review the costs – it’s possible your home loan has lower interest rates, but you may have to pay over a longer period and offset the potential savings.
We suggest speaking to your current lender regarding the entire process. If you feel like the rate offered by your current lender is too steep, you can always check out our personal loan repayment calculator on SocietyOne for comparison rates.
Instead of refinancing your home loan to buy a car, another option is to apply for a personal loan with SocietyOne. One benefit is that you can loan above the actual value of the vehicle you want to purchase. You can use the extra funds for car improvements or registration fees, and you can even use it for loan consolidation of other debts.
Can I refinance my balloon payment car?
Yes, you can. Balloon payments typically have lower monthly instalments but a larger-than-usual lump payment towards the end of the term. You may refinance your balloon payment with lenders that offer more flexible and affordable terms.
When you refinance car loans with SocietyOne, we promise our customers that we don’t charge any excess fees such as monthly charges, early repayment fees, or balloon payments.
When you take out a personal loan with us, you only need to pay for your principal, interest, and establishment fee. We highly encourage you to contact us if you have any concerns with your payments. Our team would be happy to provide you with short-term and medium-term solutions for your specific situation.
How much can I save with a car loan refinance?
The main reason people choose to refinance car loans is that it may save you hundreds, if not thousands, of dollars. Finding a new loan company with lower interest rates, fewer fees, and flexible payment terms is the key to getting a better deal.
Another way to save money is to refinance your car loan to a shorter loan tenure. The shorter your loan term, the less time there is for your interest to accrue. On the other hand, you may be able to negotiate lower monthly payments when you refinance your car loan, giving you more financial flexibility.
Search for finance and loan companies like SocietyOne that can offer you low-interest loans. SocietyOne uses risk-based pricing – the higher your credit score, the lower your interest rate.
If you’re unsure of your credit standing, you can run a quick credit check on our website. If you have a less-than-ideal credit score, we’ll give you tips on improving it. We also recommend signing up for our Credit Score Club, which provides our members with comprehensive resources on managing and maintaining their credit scores.
At SocietyOne, we have two types of loans: secured and unsecured. Unsecured loans range from $5,000 to $50,000 and have repayment periods of two, three, or five years. With an eligible asset, you can apply for secured loans, which allow you to borrow up to $70,000, with repayment periods of two, three, five, or seven years.
Refinance car loans with low-interest personal loans at SocietyOne!
Our entire process is done online – from requesting a loan quote to the fund transfer. Our streamlined process has made us the leading digital lending platform in Australia!
To apply for a loan with SocietyOne, prepare the following documents:
- Personal documents containing name, address, and date of birth
- Passport or driver’s licence
- Proof of address (such as credit card or utility bill)
- Proof of income (such as payslips or bank statements)
- Details about your daily expenses and other debts
For those applying for secured loans, you’ll also be required to present asset details, proof of ownership, and proof of insurance to prove the validity of your asset.
Just as we’ve helped thousands of other Australians all over the country with our personal loans, including wedding loans, bike loans, green loans, and more, let us help you. Get your rate with us today!
Don't just take our word for it...
"Process extremely easy and speedy. Staff great to work with and kept updated consistently throughout whole process."
March 2021
"Such an easy process to apply for my personal loan. From the start of the application to when the funds were in my bank was only a matter of a few days. Great service, would highly recommend”
Product Review
February 2021
“Cant speak highly enough of society one. They approached our application with reasonable thought and actually took notice of affordability not just debits from accounts. Nothing seems to be too much problem with this company. Highly recommend.”
March 2021
"Such an easy process to apply for my personal loan. From the start of the application to when the funds were in my bank was only a matter of a few days. Great service, would highly recommend”
Product Review
February 2021
“Cant speak highly enough of society one. They approached our application with reasonable thought and actually took notice of affordability not just debits from accounts. Nothing seems to be too much problem with this company. Highly recommend.”
March 2021
“Very speedy service fantastic people to deal with. Highly recommend society one for a personal loan. I am very impressed with them and will use them again if need be in the future”
Product Review
February 2021
“Cant speak highly enough of society one. They approached our application with reasonable thought and actually took notice of affordability not just debits from accounts. Nothing seems to be too much problem with this company. Highly recommend.”
March 2021
“Very speedy service fantastic people to deal with. Highly recommend society one for a personal loan. I am very impressed with them and will use them again if need be in the future”
Product Review
February 2021
“Society one is a refreshing new way of doing banking. From my application through to draw down the process was streamlined and timely, as advertised. No hesitation in recommending their services.”
March 2021
"Process extremely easy and speedy. Staff great to work with and kept updated consistently throughout whole process."
March 2021
"Such an easy process to apply for my personal loan. From the start of the application to when the funds were in my bank was only a matter of a few days. Great service, would highly recommend”
Product Review
February 2021
“Cant speak highly enough of society one. They approached our application with reasonable thought and actually took notice of affordability not just debits from accounts. Nothing seems to be too much problem with this company. Highly recommend.”
March 2021
“Very speedy service fantastic people to deal with. Highly recommend society one for a personal loan. I am very impressed with them and will use them again if need be in the future”
Product Review
February 2021
“Society one is a refreshing new way of doing banking. From my application through to draw down the process was streamlined and timely, as advertised. No hesitation in recommending their services.”