Find bellow some advantages of refinancing: - Using refinancing for extending the repayment time will help you reduce the monthly installment, extending the maturity of the loan - Refinancing you can obtain a bigger amount - Refinancing short-terms loans with longer-term loans the installments will be considerably reduced. - Use refinancing as a financial instrument to improve overall the cash flow. By doing that, with the money saved from refinancing use them as savings with a big interest rate as a deposit.