Refinance options
Example refinance comparison
  • INDICATIVE
Current loan
APR
14.5%
Monthly
£1,685
Refinance
APR
6.9%
Monthly
£1,465
Monthly saving
£220
Over term
£7,920

4.8 / 5 Excellent

142 reviews on Trustpilot

Funding Circle IWOCA Liberis YouLend Funding Circle IWOCA Liberis YouLend
  • LENDER PANEL
  • Funding Circle
  • IWOCA
  • Liberis
  • YouLend

Your data is secure

No obligation, no risk

Business finance has been missing something

Getting funded shouldn't be the end of the conversation.

Business owner checking finances on a laptop in a café
Businesses regularly review their mortgages, insurance and other major costs. Yet once a business takes finance, there’s traditionally been no simple way to keep checking whether a better option has become available.
We’re creating a dedicated way for UK businesses to review existing borrowing and explore refinancing opportunities as their business and the market change.
“Because the finance you took yesterday shouldn’t automatically be the finance you’re stuck with tomorrow.”
That’s why we built Refinza.
Why refinance?

Your existing business loan might not be your best option anymore.

Rates and circumstances change. Many businesses are still paying the rate they agreed years ago — before the market moved in their favour.

Reduce monthly repayments

Lower your monthly outgoings and free up cash for your business.

Access a lower interest rate

Markets and lender appetites change — your original rate may no longer be competitive.

Lower total borrowing cost

Even small rate reductions can mean thousands saved over the remaining term.

Lower total borrowing cost

Even small rate reductions can mean thousands saved over the remaining term.

Reduce monthly repayments

Lower your monthly outgoings and free up cash for your business.

Access a lower interest rate

Markets and lender appetites change — your original rate may no longer be competitive.

Lower total borrowing cost

Even small rate reductions can mean thousands saved over the remaining term.

Simplify your cash flow

Replace expensive or complicated finance with a single, clear monthly repayment.
How it works

Three steps to see if there's a better option

From your first detail to your refinance offer — the whole process is clear and straightforward.
01

Tell us about your existing finance

Enter some basic details about your business and your current loan — outstanding balance, rate, term and monthly repayment.
02

See your refinance calculation

We compare your existing loan against a potential refinance option and show you the numbers side by side — monthly payment, total repayable, term.
03

Complete your application

If you’d like to proceed, upload your documents and we’ll submit your refinance application to our panel of lenders.
Get a refinance calculation
Example savings

See what refinancing could mean for your business

Based on a £48,000 business loan refinanced from 14.5% to 6.9% APR over the same remaining term.
Monthly saving
£ 0
Total saving
£ 0
New monthly payment
£ 0
Indicative APR
0 %
Illustrative example. Not a guaranteed offer. Final rates subject to lender approval.
See my refinance options
Side by side comparison

Current

Outstanding£30,000
APR18.9%
Monthly£1,511
Term24 months
Total repayable£36,259

Refinance

Amount£30,000
APR8.1%
Monthly£1,358
Term24 months
Total repayable£32,597

Saving over term

£3,663

Per month

£153

Current

Outstanding£48,000
APR14.5%
Monthly£1,652
Term36 months
Total repayable£59,479

Refinance

Amount£48,000
APR6.9%
Monthly£1,480
Term36 months
Total repayable£53,277

Saving over term

£6,203

Per month

£172

Current

Outstanding£75,000
APR16.2%
Monthly£2,133
Term48 months
Total repayable£102,394

Refinance

Amount£75,000
APR7.4%
Monthly£1,810
Term48 months
Total repayable£86,876

Saving over term

£15,518

Per month

£323

Why Refinza?

Built for businesses, not banks

Competitive rates

Access competitive rates from our panel of specialist UK business lenders.

No credit score impact

The initial eligibility check is a soft search — it has no effect on your credit file.

Quick calculation

Enter a few details and see your personalised comparison in 60 seconds — including whether it could reduce your monthly payments.

No obligation

See your saving first. Only proceed if you're happy with the refinance option.

Clear comparison

We show your current finance side-by-side with the refinance option so the saving is obvious.

Real support

Our UK-based business finance team is available to help throughout your application.

Competitive rates

Access competitive rates from our panel of specialist UK business lenders.

No credit score impact

The initial eligibility check is a soft search — it has no effect on your credit file.

Quick calculation

Enter a few details and see your personalised comparison in 60 seconds — including whether it could reduce your monthly payments.

No obligation

See your saving first. Only proceed if you're happy with the refinance option.

Clear comparison

We show your current finance side-by-side with the refinance option so the saving is obvious.

Real support

Our UK-based business finance team is available to help throughout your application.

Eligibility

Could refinancing work for your business?

Refinancing is available to UK-registered businesses. We work with companies that:
  • Already have an existing business loan or finance agreement
  • Want to reduce the cost of their borrowing
  • Have been trading for at least 12 months
  • Want to explore a more competitive finance option
Find out if I qualify
Avg. monthly saving
£ 0
Rates from
0 %
To see your saving
0 s
Avg. term saving
£ 0
Customer stories

Businesses already saving with Refinza

James T., Refinza customer
“We were paying 15% on a loan we took out during Covid. Refinza found us 8.4% APR and we’re saving £310 a month. The whole process was genuinely simple.”

James T.

Apex Construction Ltd, Birmingham
Sarah O., Refinza customer
“I didn’t realise refinancing was even an option. Within two minutes I could see exactly what we’d save. We completed the application the same week.”

Sarah O.

The Corner Pantry Ltd
Marcus W., Refinza customer
“Our existing lender wouldn’t budge on the rate. Refinza put us with a different lender at 7.9% — that’s over £6,000 saved on the remaining term.”

Marcus W.

Acorn Logistics Ltd, Manchester
FAQs

Common questions

What is business loan refinancing?
Refinancing means replacing your existing business loan with a new one — usually to secure a lower interest rate, reduce monthly repayments, or both. The new lender pays off your current loan and you repay the new one under agreed terms.
It depends on your outstanding balance, current rate, and remaining term. Based on recent applications, businesses switching from rates above 12% to our indicative 6.9% APR save an average of £220 per month.
No. The initial eligibility check uses a soft credit search, which is not visible to other lenders and does not affect your credit score in any way. A full credit search only happens if you proceed with a formal application.
Just a few basics: your company name, outstanding loan balance, current APR, monthly repayment, and remaining term. The initial check takes around 60 seconds — you’ll see straight away whether refinancing could reduce your monthly payments.
For the full application you will typically need your latest filed accounts, 6 months of business bank statements, and your existing loan agreement or a settlement statement.
The initial calculation is instant. The full application and lender decision typically takes 3–7 working days, depending on document submission and lender response times.
We do not charge upfront fees for the initial calculation or application. Lender fees, if applicable, will be clearly disclosed before you proceed.
Unlike mortgages or insurance, business loan refinancing has never had a dedicated, straightforward route. Most businesses are simply not aware it’s an option — and until now, there hasn’t been an easy way to check. Lenders don’t typically prompt you to review your rate, and brokers have historically focused on new lending rather than reviewing what’s already in place. Refinza is built specifically to change that, giving businesses a simple way to check whether their existing finance is still competitive.
Yes, in many cases. Even if your loan is relatively new, it’s worth checking — particularly if market rates have moved or your business financial profile has improved since you first borrowed. There may be early repayment charges on your existing facility, so we factor those into the comparison. If refinancing still makes sense after those costs, we’ll show you the numbers.
  • Check in 60 seconds

Is your loan rate still competitive?

Check in 60 seconds whether refinancing could reduce your monthly payments. Enter a few details and we’ll show you a personalised comparison — no obligation.

Get my refinance calculation
  • 60 seconds
  • No obligation
  • Won't affect your credit score
  • 60 seconds
  • No obligation
  • Won't affect your credit score