Do you have a current Personal Loan with a high interest rate and conditions that are not favorable? Such as not being allowed to redeem without penalty or a term that no longer suits your current situation? Good reasons to transfer that loan to a new Personal Loan. A loan with a low interest rate and new conditions that suit you better. Refinancing your loan means benefiting from lower monthly payments thanks to the historically low interest rate now (from 3.5%). You choose the term that matches your wishes and loan purpose.