Need a hand?

A refinancing loan allows you to take out a new loan to pay off existing ones, and — if eligible — request extra credit for personal use. Refinancing is available for personal loans.

As we start introducing our refinancing product in Lithuania, we're gradually expanding access to ensure a smooth and reliable experience for all customers. We're currently only offering internal refinancing, allowing you to consolidate your Revolut loans.

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 existing credit facilities (loans) need to meet the following criteria:

• Have a lower balance than the maximum amount Revolut can offer you
• Granted by a loan provider and reported to the credit bureau in Lithuania
• 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 Revolut instead.

• For credit facilities with Revolut: your old Revolut loan will be closed as soon as the refinancing loan is approved. The process of settling the previous loan is completed by us, on our side
• For credit facilities with other lenders: the amount for external credit refinancing will be transferred directly to the other bank account on the same working day

In some cases, we may request additional documents to validate the external creditor's IBAN, the outstanding credit amount, and proof of your request to repay the external loan.

When refinancing any credit agreement concluded with credit providers other than Revolut, and the external creditor’s settlement account is unknown, you'll need to provide a few additional details in your credit application. We will need:

• The credit agreement's number associated with your refinanced credit

We also might request additional documents from you, such as a written certificate from your credit provider detailing the outstanding credit balance and account details for the repayment of the original credit, and a request submitted to the loan provider for an early repayment of original credit.