Refinance Guide
How to Refinance a Moula Loan
Moula offers transparent business finance with clear, upfront pricing. We arrange Moula facilities for clients who value their straightforward approach and accounting software integration. Their accessible funding works well for growing businesses. Once your business has matured, refinancing to bank finance can deliver additional savings.
About Moula
Moula offers business loans from $5,000 to $500,000 with terms from 6 to 24 months. We recommend Moula when clients need clear pricing and fast assessment through their accounting integrations. This transparency and accessibility has real value. When you are ready for bank-level rates, refinancing can reduce your ongoing finance costs.
Typical Rates
12% to 30% p.a. simple interest
Typical Terms
6 to 24 months, weekly repayments
Things to Consider with Moula
- Higher rates than bank or secured alternatives
- Weekly repayments can strain cash flow
- Short terms create repayment pressure
- Multiple Moula loans can compound costs
- Limits future borrowing capacity while active
Your Refinance Options
Bank Term Loan
With improved financials, bank term loans at 7-12% p.a. with monthly repayments offer significant savings over Moula rates.
Property-Secured Loan
Leveraging property equity can access rates from 6-9% p.a. — potentially halving your interest cost.
Business Overdraft
For ongoing working capital needs, a business overdraft provides flexible access at rates typically 8-14% p.a.
Debtor Finance
If you have strong receivables, invoice finance can provide working capital at lower effective rates than unsecured lending.
Considering Your Moula Options?
Whether you need additional capital or want to explore refinancing, we can help. Get a free assessment of your options.
How to Refinance Moula
Request a payout statement from Moula showing total amount owing
Prepare your financial documentation for refinance assessment
We identify the most suitable refinance options for your situation
Lodge applications with target lenders
Settlement — new lender pays out Moula directly
Begin new facility with improved terms
Frequently Asked Questions
Other Lender Refinance Guides
View all refinance guidesReady to Refinance?
Get a free assessment. We'll review your current facilities and show you what's possible.