Surveys carried out in recent years reveal some very important facts: in particular, a large number of people do not know what refinancing is and how it benefits them. So let’s start from the beginning – what is refinancing and how is it useful?

Refinancing is the taking out of a new loan with the aim of using the money to cover (or refinance) existing loans (including fast loans and leases).

So what are the benefits of refinancing? Beneficial for a variety of reasons:

• When you can no longer make the repayments on your existing loan, or when you do, you have to severely restrict even the most basic needs;
• If you just want to save money, after refinancing, the interest rate will be recalculated by the new creditor;

also useful if you have less time to repay the loan than you can actually manage