I want to refinance expensive debt into something cheaper — how does that work?

Refinancing swaps expensive debt for a cheaper facility, cutting the total cost and often freeing monthly cash — provided the new terms genuinely beat the old. Debt taken on in a hurry, or when the business was weaker, is often more expensive than it needs to be. Refinancing into a better-priced facility can cut the total cost and ease monthly cash flow.

I want to refinance expensive debt into

2 min read

Swap the debtExpensive to cheaper

Cut total costAnd free cash

Check it beatsThe old terms

Why refinance

Debt taken on in a hurry, or when the business was weaker, is often more expensive than it needs to be. Refinancing into a better-priced facility can cut the total cost and ease monthly cash flow.

How it works

A new business loan repays the costly debt, and you service the new, cheaper facility instead. Compare the total cost each way on the true-cost-of-borrowing calculator.

Only if it genuinely helps

Refinance when the new deal clearly beats the old one over its life, allowing for any early-settlement fees on the existing debt. Don't refinance just to reset the clock.

What it means for you

Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online when the numbers work.

Frequently asked questions

Does refinancing business debt save money?

It can, when the new facility's total cost is genuinely lower than the debt it replaces — allowing for any early-settlement fees. Compare the full cost each way before you switch.

Can I refinance an existing business loan?

Yes. A new, better-priced facility repays the old one, and you service the cheaper debt instead. It works when the new terms clearly beat the old over the remaining life.