Truck Loan Refinancing Australia

Your current truck loan may have suited your business when it was arranged, but your circumstances and the available lending options can change.

My Truck Finance helps Australian owner-drivers, transport operators and businesses review existing truck finance and explore refinancing options.

You may consider refinancing to seek a more competitive interest rate, change the remaining finance term, reduce regular repayments, restructure a balloon payment or move from a finance product that no longer suits your business.

Refinancing may also be considered when restructuring a fleet, consolidating eligible commercial-vehicle facilities or seeking to improve business cash flow.

However, refinancing does not automatically provide a better financial outcome. Early-repayment costs, establishment fees, the remaining loan term, the truck’s current value and the total interest payable must all be considered.

Extending the finance term may reduce regular repayments but could increase the total amount paid over the life of the loan. Refinancing a balloon payment can provide additional time to repay it but will extend the business’s overall finance commitment.

Our brokers review your existing facility, payout figure, truck details and current business circumstances before assessing suitable options from the Natloans lending panel.

Refinancing may be available for eligible prime movers, rigid trucks, trailers and other commercial vehicles. Vehicle-age restrictions and lender requirements vary.

My Truck Finance is powered by Natloans, an award-winning Australian finance brokerage with more than 15 years of experience and access to our panel of lenders.

All refinancing remains subject to lender approval and applicable credit criteria.