People who take loans on fixed rate interest are often the loser when the market falls. If you have borrowed at 8 per cent and the market rates fall to 5 per cent within a short period of time, it becomes difficult to continue with the same lender. The point is that what is the alternative available to you? Is it possible for you to re-negotiate the loan deal with your lender? No, the lender would hardly agree to this. The only option to lower your interest outgoing is to refinance the loan.Refinancing means availing a loan on fresh terms and conditions and it has nothing to do with your old loan except that your old loan gets paid off and it no longer exists after refinancing. It is better if your existing lender agrees to refinance on terms and conditions that are favourable to you. But, if this is not possible then you can look for some other lender who is willing to refinance at lower rate.Commercial loan companies in the UK not only provide you money for your day-to-day business operations but also help you in getting refinance. Many a times, the motive of refinancing is different with different borrowers. For example, you may look for refinance facility to get extra loan amount from the new lender on the basis of increased equity in your property. Similarly, businessmen may also be interested in exploiting the lower rates in the market.The facility of Commercial loan refinancing is available online. Many lending companies, prime and sub-prime lenders, etc., offer this facility at competitive rates. It has been noticed that some business concerns are interested in commercial loan refinancing only because they want to show in their books that old loans have been repaid and new ones have been taken for further growth of the business. If you are refinancing to get lower rate of interest then the biggest question is whether it is viable to do so? Well, a slight slump in the market should not excite you to refinance but a difference of 2 per cent in interest rates does warrant such a move.The online availability of refinance facility has made it popular with the borrowers. Now, they are realising that this facility from the lenders can be used advantageously. People are coming forward to refinance their commercial loans for various reasons. If you apply online and invite loan quotes from the lenders, you would not be charged any fee. This gives you an opportunity to compare and select the best refinancing deal available in the market.