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Sometimes the grass is greener on the other side!
Where you a first-time buyer, have you signed for a loan but forgot to ask what the interest rate was, is the cost of living forcing you to tighten your belt, are you thinking that you are juts paying too much for your loved vehicle and considering to trade it in for something cheaper?
If you have answered yes to any of the above then Refinancing is for you!
What is refinancing?
Refinancing allows you to save by lowering your repayments by financing the outstanding balance over a longer period of time and in most cases at a better interest rate.
Our team of experienced brokers are here to help you refinance.
With access to over 35 lenders, we do the hard work for you. The team at Finance King can get your preferred term and rate.
We offer refinancing solutions for:
- Home Loans
- Motor Loans
- Leisure Loans
- Equipment Loans
- Balloon / residual Loans
Balloon Payment Refinancing
Balloon/Residual payment loans are structured to reduce monthly payments on your vehicle by shifting a significant portion of your loan to one final payment at the end of your payment term. Whichever way you look at it, you are still held accountable for the Residual/Balloon payment that is due.
For those of you in this predicament, there is light at the end of the tunnel.
With the help of Finance King there are now 2 options available to customers:
Option 1: If you are at the end of your term and the Residual/Balloon payment is owed, Finance King will able to finance this amount for you at a preferential interest rate and favourable terms.
Option 2: If you are not at the end of your term, then this is the preferable option to go with. Finance King will refinance your vehicle (including the balloon payment). This only would add a small amount extra per month to your current instalment, but it would completely eliminate the burden of having to settle the Residual/Balloon lump sum at the end of your term.
For more information on how you can start saving today call us on 1300 086 329 or apply online now.