# How to Refinance a Personal Loan – Keep Paying Until the Old Loan Shows $0

- Source: Money Crashers
- Published: 2026-10-23T11:45:00+00:00
- Category: Markets
- Original: https://www.moneycrashers.com/refinance-personal-loan-steps/
- Canonical: https://groundlevelnews.com/story/how-to-refinance-a-personal-loan-keep-paying-until-the-old-loan-shows--7d4164/

To refinance a personal loan, get your old loan’s payoff quote, then prequalify with several lenders using soft credit checks, which don’t affect your score. Apply only to the lender whose offer costs least in total. Keep paying the old loan until it shows a zero balance, since the payoff can take days to arrive. Source

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