How to Refinance a Loan
A guide to refinancing outstanding loans on GONDI.
What is Refinancing?
In GONDI, refinancing allows a lender to take over an existing loan by reducing its APR by at least 5%. This improvement in loan terms is instant and does not require borrower acceptance, as it always results in a better loan. For a deep dive into Refinancing, visit this link.
Refinance Methods
GONDI offers three methods for refinancing a loan:
Full Loan: Refinance the entire loan, becoming the sole lender. Go to section
Partial (tranche): Refinance a portion of the loan. Go to section
Trim the Top: Set your risk preferences and refinance multiple loans simultaneously. Go to section
Let's start with Full Loan refinancing in the next section.
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