# Can I refinance my loan?

Category: Borrow
Source: https://strike.me/int/en/support/can-i-refinance-my-loan/

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Refinancing is available in the “Manage your loan” section of the mobile or web app. You can refinance an existing loan into a new one as long as:

- Your loan has been open for more than 60 days
- Your current LTV is 60% or lower
- Your remaining loan principal meets [the minimum loan amount for your jurisdiction](/support/where-is-bitcoin-backed-borrowing-available)

To refinance, you don’t have to pay any fees, but you need to **pay any outstanding accrued interest** with your cash or bitcoin balance. Collateral moves automatically to the refinanced loan, which will have a new maturity date. You’ll be presented with the new terms, and the refinanced loan will be opened after you sign the new agreement.


You can’t refinance a monthly-payment loan into a payment-at-maturity one, or vice versa.

From Strike's help center — https://strike.me/int/en/support/