Borrow up to $50,000 unsecured
Personalised rates from
How can we help?
Or select another loan purpose
How to apply online
Step 1. Get to know you
Tell us about the personal loan you want, then provide us with some details about yourself and your finances.
Step 2. Get your loan offer
We’ll give you a detailed loan offer with your interest rate, borrowing limit and repayments for you to approve.
Step 3. Get your money
After you accept your quote and provide some final details, most people receive their money within 24 hours.
What we offer
$2K - $50K
3 or 5 years
$275 or $575
Early repayment fee
- All loans are unsecured
- Rates from
6.99%- 25.69% p.a.¹ (comparison rate 7.79%- 26.65% p.a.²)
- Your rate is fixed for the life of the loan
- You can repay weekly, fortnightly or monthly
- Establishment fee of
$275for loans under $5,000³
- Establishment fee of
$575for loans $5,000and over ³
- No monthly account keeping fees
A fair and simple personal loans
If access to money is holding you back, we’re here to help.
Get a fair interest rate that’s personalised to you. Everybody’s needs are different, which is why you’ll get a rate based on your circumstances – not everyone else’s.
Our 100% online process makes it easy to apply for a loan anytime, anywhere. Our interest rates and fees are simple to understand, so you won’t have any surprises.
MORE THAN A LOAN
Behind the scenes is a friendly and dedicated team ready to answer your questions and help you finance your goals with an online loan.
What our customers say
Thank for your help Ron. Vic, Australia
I have dealt with Mia throughout- she is so patient courteous and professional. Thank you Mia for your guidance you were amazing Qld, Australia
Will always use you when in need. Qld, Australia
I Really needed the loan to finish my home
very reliable excellent customer service
i do recommend NSW, Australia
The approval rate was extremely quick.easy online application. no having to make appointments and wait at the bank.
Much better than the major banks.will not use a bank again.Give Harmoney your business.
Will use again.
Thank you. NSW, Australia
Easy hassle free no stress.
Team were very pleasant to deal with.
I would definitely use Harmoney again. NSW, Australia
The approval took less then 24 hours notice.
All emails were responded in quick time.
Would recommend Harmony to anyone. , Australia
Quick and painless. Love the fact that I was notified of status of each step of the process.
Thank you Harmoney.
Great communication and service. WA, Australia
Thank you Harmony , Australia
Following the completion of the documentation, which involved in putting my personal details, Medibank details, Driving License and uploading a copy of my bank statement and specifying the amount I would like to borrow, I received confirmation the next morning that the loan had been approved.
Three days later the funds had been received. It was that quick and that simple.
The rate I got was also very reasonable.
I honestly can not fault this service. It was quick, painless and easy. I was informed all the way and their online account is really easy to navigate and use. I will be using them again and I will be recommending them in the future.
Really please customer Vic, Australia
Quick personal loan estimate
Get a quick estimate of the rates and repayments on your personal loan with our free online loan calculator.
Who is Harmoney?
Harmoney launched in 2014 as NZ’s first licensed peer-to-peer personal loan provider. Since then, we’ve loaned more than $1.7 billion to over 50,000 borrowers in both Australia and New Zealand (March 2020).
Today, we fund loans more traditionally, but our focus remains the same: to make the borrowing experience fairer, faster and more accessible and to remove the inconvenience, awkwardness and uncertainty associated with traditional borrowing.
Our purpose is to help and inspire people to achieve their goals through financial products that are friendly, fair and simple to use. We know that access to money at the right time can make a huge difference and we believe responsible lending is crucial for helping people embrace the opportunities that life presents.
Is a personal loan good for paying off credit card debt?
An online loan in the form of a debt consolidation loan can be an effective way to pay off credit card debt and other debts, but it’s not suitable for everyone.
Why use a personal loan instead of extending my mortgage?
These days, low interest rates for mortgages can make it tempting to increase a mortgage with extra debt to save you interest fees. It’s an option that’s worth considering if you have equity, but it can sometimes end up being more costly in the long run.
We’ve written about the pros and cons of extending your mortgage, to help you make an informed decision about managing debt:
What can I use a personal loan for?
Harmoney online loans are very flexible and can be used to finance almost anything you want to.
Debt consolidation, home improvements and renovations and car finance are popular reasons why people apply for a personal loan. We also offer wedding loans, education loans and personal loans for medical expenses, household items, travel and holidays and more.
If money and finances are holding you back from achieving the things you want in life, talk to us about how a personal loan could help.
Will I qualify for a Harmoney loan?
In New Zealand - to apply for a personal loan you need to:
- Be 18 years or older
- Be a Permanent Resident or New Zealand citizen
- Be earning a stable income
In Australia: to apply for a personal loan you need to:
- Be 18 years or older
- Be an Australian citizen, Permanent Resident or New Zealand citizen
- Be full-time or permanent part-time employed
- Have your photo ID documents handy, such as your Australian driver’s licence or passport
- Have a clear credit file with no defaults, judgements or bankruptcies
- Require a minimum $2,000 loan
When you apply or request a quote for an online loan, we need to know a little about your needs and your finances. We’ll also make some enquiries to help us verify your information. Using this information, we’ll assess your eligibility to receive credit and your capacity to service a loan.
If you qualify for a loan, we’ll provide you with your personal interest rate and the maximum amount you can borrow. There are times when we may not be able to offer a loan quote or loan application, such as if your recent credit history is unsuitable or there is unavailable capacity to service a loan.
What happens if a borrower’s circumstances change?
We know that things don’t always go as intended, despite careful planning. If changes in your circumstances are making you concerned about your financial situation, our customer service team is here to help as best we can.
Our number one piece of advice – don’t ignore the problem, get in touch as soon as possible so we can discuss your options and work through them together. We can also help if you are faced with unforeseen financial hardship.
Will a personal loan help you?
Thousands of people have used a Harmoney online loan to get things done.
About personal loans
Accessing money to help you achieve your goals sooner.
With an online loan, you can access opportunities today that might be out of reach without savings – sometimes for many years.
Lenders, or loan providers, earn money by charging interest and other fees on a personal loan. Interest is a fee that relates specifically to the money borrowed, while other fees relate to costs associated with administering the loan.
While these underlying principles are the same for most loan providers, the experience of applying for a loan can be very different – from the amount you can borrow to interest rates and fees to the level of customer service and support they provide.
Since our beginnings in 2014, Harmoney has sought to improve the experience of borrowers. Our purpose is to help and inspire people to achieve their goals by providing personal loans that are friendly, fair and simple to use.
A personal loan can be used for almost any purpose you can think of. At Harmoney, some of our most popular loans are for debt consolidation, home improvements and renovations, car and vehicle loans and small business loans, but we also offer loans for other purposes – from travel and holiday loans to medical expenses and options in between.
Whatever you need to borrow money for, the chances are we can help.
Comparing a personal loan to other loan products
Besides personal loans, there are other options for borrowing money such as credit cards, store cards, hire purchase (HP) and buy-now-pay-later (e.g. Afterpay, LayBuy, GenoaPay).
Here are some important points to consider when comparing loan products.
A personal loan can be taken out for a relatively small sum or many thousands. Harmoney loans range from [lower limit] up to [upper limit]. This can make a Harmoney online loan suitable for many loan purposes that might otherwise be challenging to save for in a reasonable time.
Credit cards and HP borrowing limits can be similar to a personal loan, whereas store cards and buy-now-pay-later are commonly used for smaller amounts.
Interest rates and fees
Interest rates and fees can vary as much as the companies that offer loans, so it pays to research loan providers you’re considering using.
At Harmoney, we openly share our interest rates and fees for personal loans to help people make an informed choice about the lender they choose.
One key difference between Harmoney and most other lenders is that we offer personalised interest rates. When you apply for a personal loan with us, we’ll give you a quote based on your personal circumstances. This is sometimes called risk-based interest rates.
Many loan providers have a one-size-fits-all approach where the same interest rate applies to everyone. Since the rate isn’t personalised, it may benefit some (higher risk borrowers) while disadvantaging others (lower risk borrowers).
At Harmoney, we also work hard to keep our fees straightforward and easy to understand. For most borrowers there’s only one fee to pay, but if you fall behind in your repayments, there are two other fees that may apply.
Some personal loans and credit cards may charge a monthly account fee or other fees. This all adds to the cost of a loan.
That’s why it’s important to look at the total cost of borrowing when you’re comparing loan products. A low interest rate can look enticing, but fees can often mount up, so the total cost of borrowing could work out the same or more than other options. When you apply for a loan quote from Harmoney, we let you know the total cost of borrowing so you can see upfront what the cost of your online loan will be. We also provide some detailed examples of the cost of borrowing from a range of loans.
The repayment period (loan term) is the point where borrowing options most differ. Personal loans generally have a fixed maximum loan term and this is used to help calculate your monthly repayment.
Harmoney offers 3 or 5 year maximum loan terms. This gives you certainty that, as long as you maintain your monthly repayments, the loan will be fully paid off at the end of the term. We also give you the flexibility to repay your loan earlier without charging any early repayment fees or penalties – so if you can pay your loan off in 1 or 2 years instead of 3, you can save on interest fees without being penalised.
By contrast, credit cards generally do not have a loan term, but instead have a credit limit and monthly minimum repayment. The cost of using a credit card can quickly add up if you’re not organised and disciplined, and it can sometimes take a lot of time and effort to finally pay off a credit card balance. Many people ultimately revert to a personal loan such as a debt consolidation loan to help them get their credit card debt under control.
Why people use a personal loan
Online loans can be easier to understand compared to other forms of consumer credit products, such as credit cards. With a Harmoney personal loan, your loan quote shows you how much the total cost of borrowing will be, so you can more easily compare your options and plan for your budget.
A personal loan can be more flexible too. Harmoney repayments can be spread out over 3 or 5 year terms, with the option of paying back the loan early without any early repayment fees or penalties.
Downsides of a personal loan
Applying for a personal loan the traditional way can be complicated. Depending on the provider, you may need to attend a meeting with a loan manager. To protect both lenders and borrowers, you’ll also have to show evidence of your identity and finances.
Harmoney simplifies the process of applying for a personal loan by making it 100% online, avoiding awkward in-person meetings. We also simplify the documents you need to provide by using automated bank statement retrieval and credit files.
Personal loans are a legally binding agreement, imposing financial commitments on both the lender and the borrower. You should think carefully about taking out a personal loan or any consumer credit product and make sure you can afford the repayments. If you change your mind about taking out a loan with Harmoney, or you no longer need the funds, you are able to withdraw/cancel your loan without penalty for up to 7 business days.
We know that personal circumstances can change and a lot can happen during the term of a loan. If there are hiccups along the way or you’re worried about your financial stability, Harmoney’s Customer Support Team is here to help. We can also help if you are faced with unforeseen financial hardship.
Need it done? We can help
Below are our most popular loans but we offer loans for almost any loan purpose.
Do you need a new (or used) car, truck or other vehicle? A car loan can give you the cash you need to avoid dealership finance.
A debt consolidation loan can replace your old debts with a single repayment designed for your personal circumstances.
If you don’t want to wait for your next getaway, a holiday loan can cover flights, hotels and other costs so you don’t have to delay.
Borrow the money you need for university or college fees, books, accommodation and other education expenses.
Whether you’re starting a business, expanding or just need some extra finance, Harmoney small business loans are tailored to your needs.
We’re here to help if you need money urgently for medical bills, treatments or other healthcare costs.
From repairs to landscaping and swimming pools, we’ll help you to fix up or extend your home with a renovation loan.
You won’t need to worry about costs on the big day when you take out a wedding loan and pay it all back later.
We're real people and here if you need us
Terms and conditions
1. Subject to approval and funding. Harmoney’s interest rates range from
2. Comparison rate of
3. Establishment fee of