Need a hand?

Refinancing allows you to take out a new loan (a refinancing loan) to pay off existing ones, and request extra funds for personal use. Refinancing is available for personal loans only.

As we start introducing our refinancing product in Germany, we're gradually expanding access to ensure a smooth and reliable experience for all customers.

The option to apply may not be available to everyone just yet. If you don't see the option to apply for refinancing in the app, we'll notify you as soon as the product is available to you.

Your credit facilities need to meet the following criteria:

• They have a lower balance than the maximum amount Revolut can offer you
• They were granted by an accredited bank (not a financial institution), and reported to the credit bureau in Germany
• They were granted in the local currency (EUR)

If you don't have a credit facility that meets the above criteria, you can apply for a personal loan with us instead. If affordability assessment allows, you'll also be given the option to borrow additional funds in the form of extra cash.

• Credit facilities with Revolut: once your previous loan is refinanced, you'll get the money right away. Your previous Revolut loan will be closed as soon as the refinancing loan is approved
• Credit facilities from other banks: the amount for external credit refinancing will be transferred directly to the external bank to the IBAN given to us by you after the loan offer phase
• Extra money: we’ll disburse any extra money you may be eligible to receive together with a renovation loan to your Revolut account once your application has been reviewed and approved

When refinancing credit agreements concluded with banks other than Revolut, you'll need to provide a few additional details in your credit application, for example the IBAN of the account where we'll transfer funds to (if it isn't your Revolut account).

You'll also be responsible for settling your external credit account balance with the money we’ve transferred.