Apply for refinancing online:
Apply for a refinancing loan with or without collateral. We help you find the lowest interest rate with the best loan terms. You can save money and reduce the high interest and instalment expenses you pay today.
How to apply for refinancing:
- You fill in the online form.
- We verify and send the application to the banks.
- We send you bank offers by e-mail.
- You compare the offers and choose the best one.
- You sign the loan agreement with BankID.
For your application prepare:
- Loan amount
- First and last name
- Personal Number
- E-mail address
- Telephone number
Simply submit your application! However, please remember you can contact us at any stage!
Apply for refinancing if:
- You are over 20 years old
- You have an income of at least 230 000 NOK
- Note: Every loan applicant is liable to a credit assessment.
All banks carry out a credit rating of the applicant. What is a credit assessment?
Refinancing small loans and cash loans
Having multiple small loans may be costing you more than you think.
Find out whether refinancing your current commitment will pay off and be more profitable!
If you are paying high interest, fees and instalments on several loans or credit cards at the same time, then consolidating everything into one new loan with a lower interest rate is a great solution. This way you save money and reduce your monthly expenses.
Simply send us a loan application to see if refinancing is profitable for you. Our advisors will provide a free review of your financial options.
Save money
There are several ways you can save money by refinancing.
Getting a lower interest rate is just one of them. Don't forget that a loan comes with additional costs. To get lower rates, you may want to consider changing the repayment period.
Here are a few practical examples:
- If you have 5 loans and it costs you 45 NOK per month to repay each one, the total additional cost amounts to 225 NOK per month. If you refinance the loans and combine them all into one, your monthly payment is only 45 NOK.
That's 180 NOK saved every month!
- If you have 100 000 NOK in loans over 5 years with an effective interest rate of 10.94%, the cost of loan would be 43 023 NOK. By finding a bank that offers a lower interest rate of 8.77%, the loan will cost only 34 288 NOK. You save about 8735 NOK due to the lower interest rate. If you additionally have several small loans, you can save even more by refinancing all of them! This way you gain more funds or a shorter repayment period for the loan.
- Did you know that you can get an even lower interest rate if you refinance your loan with someone? That's because the bank gains extra security with two people repaying the loan. The co-borrower may be a partner, spouse, family member or friend.
Save money by applying for a loan
Submitting a loan application is also a good way to see if your debts can be consolidated to get the lowest interest rates, fees and instalments possible in the market.
The interest included in your loan agreement can often be reduced easily by refinancing.
Applying for a loan is more than just a request for additional funds. It is also a way of getting help to find banks that will provide better loan terms, so you can save money and get better control of your finances.
What are small loans?
This name refers to a loan that is not secured by a mortgage or other assets. Small loans are referred to as everything from consumer loans, refinancing loans, renovation loans, car loans, credit cards to paid-off instalments for purchased goods.
Refinancing loans without collateral
Obtaining an unsecured loan means that, as a customer, you do not have to present any form of guarantee to the bank. Typically, the bank will require you to provide security in the form of a home or other form of property. However, in the case of an unsecured refinance, this will not be required. As the bank does not receive anything from you that it could sell if you fail to repay the loan, it increases the price of the loan to compensate for the risk.
Therefore, refinancing loans are more expensive than, for example, mortgages. At the same time, they make it possible to reduce the interest rate on loans. Contact us now if you are interested in benefiting from this solution. Consolidate your debts to pay only one instalment per month and get better loan rates than your current ones.
There are several ways to refinance:
- You transfer a loan from one bank to another as you get lower interest rates and better loan terms there.
- You refinance your mortgage by increasing its value or repayment period. This way you gain access to the extra funds you need, for example, for interior work.
- You consolidate your debt into a new cheaper loan with a lower interest rate.
Refinancing a collateral loan is cheaper
Many customers use (and prefer) mortgage-secured refinancing. Why?
You may need more money for a renovation, a trip or to fulfil a dream. Using your property as collateral for the bank is more cost-effective for you than borrowing without collateral.
The bank may offer you a lower interest rate and better terms. However, remember that you can see whether you will get an even better deal at other banks by comparing different loan offers! Our advisors will be delighted to help you! You can easily apply for a refinancing with our help.
Inkasso? Debt collection? You can still get a loan!
Sometimes banks refuse to refinance and provide a bigger loan. There can be several reasons for this: a debt ratio that is too high in relation to the value of the house. Motty guarantees an individual approach to the customer - we will check your situation and assess the chances of your application being processed. Our qualified advisors are well acquainted with the regulations and the credit market -
we will find a solution that meets your needs.