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Can I lower my repayments without extending the loan?
That's the cleanest version of a refinance, and yes, it's possible when the new loan is priced lower than your current one. Match the new term to the time you had left, and if the pricing is better, the repayment falls while the finish line stays exactly where it was.
By Leverage Finance · Updated 17 July 2026
Whether it happens for you depends on your file and the lender's assessment. It works when a lender today prices you better than your original lender did. When you get an offer, check the term on it: if it's longer than your remaining term, ask for it matched, then compare repayments like for like.
The calculator shows this exact scenario (same balance, same remaining term, lower pricing), so you can see what the shape of it looks like before you apply.
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