Can I Refinance a Personal Loan?
If you don’t have the best personal loan, you can consider refinancing it with another personal loan with better terms and interest rates.
Some lenders will allow you to refinance a loan from another lender, but not their own loans. Others will let you use your personal loan for any purpose, including refinancing another of their loans.
It’s a good idea to consider refinancing a loan if you’ve improved your credit score and can secure a better APR because it lets you take advantage of a lower interest rate that can save you a lot of money in the future. Continue reading Is It Possible to Get a Low-Interest Personal Loan?