In Australia - to apply for a Harmoney loan:

• You must be 18 years or older

• You must be an Australian citizen, Permanent Resident or New Zealand citizen

• You must have full-time or permanent part-time employment.

• You need to have photo identification documents such as your valid Australian passport or valid Australian driver’s licence hand

• Your credit file must not have any active defaults, judgments or bankruptcies recorded

• You need to borrow at least $2,000 with your loan

In New Zealand - to apply for a Harmoney loan:

• You must be 18 years or older

• You must be a New Zealand citizen or Permanent Resident

• You must have full-time or permanent part-time employment.

• You need to have photo identification documents such as your valid New Zealand passport or valid New Zealand driver’s licence handy

• Your credit file must not have any active defaults, judgments or bankruptcies recorded

• You need to borrow at least $2,000 with your loan
  
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A secured loan can be taken only for a car or motorcycle. An unsecured loan can be taken to purchase any type of vehicle, a car, motorcycle, motorhome, off-road vehicle, or electric bike, as long as the purchase itself is legal.

No, you can apply to borrow the full amount you need to purchase the vehicle, as well as any related costs such as on-road costs or insurance, if you wish.

Consider only borrowing what you need, as if you’ve managed to save some money toward the cost of purchasing a vehicle, this could mean you need to borrow less. And the less you borrow, the sooner you can pay off the loan and the less interest you’ll need to pay.

Yes, you can include all costs related to purchasing your new (or used) vehicle. Remember the more you borrow the more you pay.

Yes. You can use your personal loan to purchase a car or just about any type of vehicle privately, be that at a car fair, online car dealer or auction site. How you achieve your goal of acquiring the vehicle is up to you, so as long as it’s legal.

A Harmoney vehicle loan is for people who are planning to purchase but haven’t done so yet. If you’ve already used finance to purchase a vehicle, there could still be options to help you – such as a Harmoney debt consolidation loan to refinance your car loan.

No, the fees for secured and unsecured loans are the same.

In NZ:

1. Complete your application, get approved and get your cash.

2. Within 60 days, negotiate as a cash buyer and purchase your dream vehicle.

This will be the asset securing your loan.

3. Immediately upon purchasing the vehicle, you must send us:

• A completed Vehicle Details Form.

• A copy of your Certificate of Insurance for the vehicle which:

  • is in your name and insured with a reputable insurance company;

  • evidences that there is a comprehensive policy over the Vehicle for the full insurable value of the Vehicle or an agreed value of $10,000 (whichever is higher); and

  • names “Harmoney Services Limited” as an interested party.

Important: If you do not meet the above conditions, the loan will be unsecured and the interest rate will change to a higher unsecured interest rate, 60 days after the date of the loan advance.

In AU:

1. Complete your application, get approved and get your cash.

2. Within 60 days, negotiate as a cash buyer and purchase your dream vehicle.

This will be the asset securing your loan.

3. Immediately upon purchasing the vehicle, you must send us:

• A completed Vehicle Details Form.

• A copy of your Certificate of Insurance for the vehicle which:

  • is in your name and insured with a reputable insurance company;

  • evidences that there is a comprehensive policy over the Vehicle for the full insurable value of the Vehicle or an agreed value of $10,000 (whichever is higher); and

  • names “Harmoney Australia Pty Ltd” as an interested party.

Important: If you do not meet the above conditions, the loan will be unsecured and the interest rate will change to a higher unsecured interest rate, 60 days after the date of the loan advance.

We need the filled in Vehicle Details Form so we can accurately identify and confirm that your vehicle can be used as security and the Certificate of Insurance to ensure Harmoney is noted as the finance provider.

AU Vehicle Details Form

NZ Vehicle Details Form

It normally takes 1-2 business days to verify your security details.

Once you start a quote, you will not be able to switch between a secured and an unsecured loan or visa versa.

If you want to sell your vehicle, you need to fully repay all the money you owe to Harmoney and request a release from Harmoney. You can do this via your Harmoney dashboard or via email to [email protected]. (New Zealand customers) or [email protected] (Australian customers).

The security interest remains in full force until you have fully repaid all the money you owe Harmoney. If you want to sell the Vehicle or you have repaid all the money you owe to Harmoney, you can request a release from Harmoney. You can do this via your Harmoney dashboard, or via email to [email protected]. (New Zealand customers) or [email protected] (Australian customers).