Refinance Guide
How to Refinance a Shift Loan
Shift offers accessible business finance with straightforward processes and quick funding. We arrange Shift facilities for clients who need speed and simplicity. Their accessible approach works well when traditional lenders are too slow. As your business matures, refinancing to bank alternatives can reduce your interest expense.
About Shift
Shift provides business loans with emphasis on accessibility and fast turnaround. We recommend Shift when clients need capital quickly and value straightforward processes. This speed and simplicity serves businesses that need to move fast. When your position strengthens, transitioning to bank rates delivers ongoing savings.
Typical Rates
15% to 35% p.a.
Typical Terms
6 to 24 months, weekly repayments
Things to Consider with Shift
- Rates exceed bank and secured alternatives
- Weekly repayments reduce cash flow flexibility
- Short terms mean high payment amounts
- Interest cost accumulates quickly
- May constrain other financing options
Your Refinance Options
Bank Term Loan
Established businesses can access bank loans at 7-12% p.a. with monthly repayments — a significant improvement.
Property-Secured Loan
Leveraging property equity delivers rates from 6-9% p.a., dramatically reducing interest costs.
Asset Finance
Equipment-secured loans at 7-12% p.a. work well if Shift funds were used for asset purchases.
Line of Credit
For ongoing working capital needs, a credit line at 8-15% p.a. offers flexibility at lower cost.
Considering Your Shift Options?
Whether you need additional capital or want to explore refinancing, we can help. Get a free assessment of your options.
How to Refinance Shift
Request payout figure from Shift
Prepare comprehensive financial documentation
We identify suitable refinance options
Submit targeted applications
New lender pays out Shift on settlement
Begin lower-cost repayment structure
Frequently Asked Questions
Other Lender Refinance Guides
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