Reno hero at 1024x520
Personal loans Home improvements

Home improvement loans

Stress-free renovating

Personalised rates from 5.35%¹
(comparison rate 6.14%)²

Our latest awards
Excellent Credit Personal Loan Award Badge 1
finder award 2019 v2
rate city 2021
rate city 2020 v2
mozo award 2018 v2
mozo award 2018

Finance your home renovation with less worry

Get a loan up to $70K and bring your vision to life.

Time icon v9

Apply online for your home improvements loan today and you could be breaking out the tools in just a few days.

Unsecured house icon v2

All our home improvement loans are unsecured, so you don’t need to put your house on the line or wait to build up equity.

Renovation icon v15

We don’t need tradesman quotes for your home improvements loan, so there are no delays to getting your loan.

What our customers say

5.0 Fast excellent service australia
5.0 very fast friendly service. australia
5.0 Fast efficient and easy approval and admin of the loan. Thank you Harmoney! australia
5.0 Easy to use. Fast response. Recommended. australia
5.0 Fast easy experience
Highly recommend
5.0 Quick and simple to apply and get back to you fast australia
5.0 Great online experience.Very fast approval. australia
5.0 Fast and easy application australia
5.0 The service you provide is easy to use and fast. It is very user friendly too australia
5.0 Fast and simple australia
5.0 Great service, fast and smooth process! australia
5.0 Fast and easy transaction australia
5.0 Quick and easy, fast response australia
5.0 Just excellent quick service. And interest rate just affordable. australia
5.0 Excellent service fast turnaround time and easy support australia
5.0 This loan process was fast, easy and fuss free. australia
5.0 Fast and laid out well australia
5.0 Very fast reliable service australia
5.0 Always fast and easy australia
5.0 Fast and easy process with great follow up service australia
5.0 So fast and easy to obtain a loan australia
5.0 fast and easy, approved in such a quick time, Has helped lift a big stress off my shoulders, highly recommended. australia
5.0 Professional, friendly and fast service thank you. australia
5.0 Very fast and great communication australia
5.0 Very simple. Fast and helpful australia
5.0 So fast and easy! australia
5.0 Fast and hassle free Qld, australia
5.0 Excellent, fast service australia
5.0 Fast and uncomplicated which is so helpful when you unexpectedly need some money. The whole process is so easy and the money is in your account within a few days! NSW, australia
5.0 excellent faster service!!! australia
5.0 Amazing and fast thank you australia
5.0 Fast, efficient and personable contact without feeling uncomfortable. Thank you SA, australia
5.0 Amazing and super fast process australia
5.0 Fast helpful all online and phone calls to help with the acceptance process very impressed would highly recommend australia
5.0 always fast, friendly reliable service. australia
5.0 Fast and easy, seamless australia
5.0 Fast and professional australia
5.0 So easy so fast thank you ... and great customer service Nsw, australia
5.0 Fast response australia
5.0 Very fast australia
5.0 Very fast turnaround and easy to contact. Victoria, australia
5.0 Fast and easy, thanks Harmony australia
5.0 Thank u for all ur help and fast service australia
5.0 Fast and reliable site. australia
5.0 Dealing with Harmoney over the last few years has been a pleasure. Very fast, very easy and a great interest rate. Queensland, australia
5.0 Fast and Easy australia
5.0 Very easy and helps me finish my renovation which I am grateful for australia
5.0 Fast and easy australia
5.0 So easy to apply and got approved so fast australia
5.0 Fast and easy australia
5.0 Excellent - fast and efficient !! australia
5.0 Excellent service, fast approval. australia
5.0 Fast and efficient service, satisfied customer australia
5.0 Very fast and efficient service by harmoney australia
5.0 It was fast & efficient WA, Australia
5.0 So amazing and so fast Veryy impressed. australia
5.0 Easy to use and great fast respone australia
5.0 Easy to use and understand as well as fast response times australia
5.0 Quick and fast responds. Easy to assess australia
5.0 Very straight forward and fast turn around time. australia
5.0 Found Harmoney on line and it is Easy to use and fast, thank you australia
5.0 Fast and easy Queensland, australia
5.0 Such an extremely fast process and so simple australia
5.0 Great and fast service australia
5.0 I never expected how faster it takes as it's straight forward and easy to understand. I will definitely recommend Harmoney to all my family and friends australia
5.0 Fast easy and efficient australia
5.0 Very fast response australia
5.0 Easy and fast australia
5.0 very fast and easy application australia
5.0 love the fast approach australia
5.0 Fast and easy with great interest rate. australia
5.0 Super easy and fast australia
5.0 My stress of being single, pending divorce and carless was dissolved so fast australia
5.0 Easy and fast australia
5.0 Very fast and easy australia
5.0 Such an easy and fast approval process. WA, Australia
5.0 Fast and effective australia
5.0 Easy application and fast response australia
5.0 Super fast an easy australia
5.0 Fast and easy to complete very nice people and incredibly helpful australia
5.0 A very fast and efficient product to get loan funds for a variety of goods. Highly recommended. australia
5.0 Very fast application process. Easy to understand. good website. australia
5.0 Fast and efficient service australia
5.0 Incredibly fast and polite. Thank you. australia
5.0 Very fast and quick australia
5.0 Very professional and fast responses. Recommended highly to everyone. australia
5.0 So easy, I expected for an online loan that your rates would be outrageous but to my surprise it's a great rate and affordable repayment plan. 5 stars all around! australia
5.0 fast efficient and helpful australia
5.0 Very quick & easy to use. Fast approval & rate is ok. australia
5.0 Fast and easy loved it NSW , australia
5.0 Fast and easy loan, good customer service thnk u Joseph australia
5.0 Fast Ann’s an easy process australia
5.0 Unbelievably smooth and fast ... and excellent conditions. Extremely happy with product and service !! Qld , australia
5.0 Fast, efficient and effective service. No wasted time. Great communication. Thank you australia
5.0 Fast and v helpful australia
5.0 So easy to apply and approval was very fast. A flawless experience. Thank you so much. australia
5.0 Fast efficient service australia
5.0 It's been a pleasure dealing with Harmoney, easy and fast response australia
5.0 Fast and easy application. Helpful guidance australia
5.0 Fast efficient and friendly service and its all done ONLINE. australia

Simple, 100% online

1. Get to know you

Tell us what you need for your project, then provide us with some details about yourself and your finances.

2. Get your offer

If you’re eligible for a renovation loan, we’ll give you a customised offer that includes everything you need to know.

3. Get your money

If you’re ready to go, we’ll collect some final information so we can finalise your loan. Most loans are ready within 24 hours.

What we offer

$2K - $70K

Loan limits
3, 5 or 7 years

Loan terms
$275 or $575

Establishment fee

Early repayment fee
  • All loans are unsecured
  • Rates from 5.35%¹ (comparison rate 6.14%²)
  • Your rate is fixed for the life of the loan
  • Establishment fee of $275 for loans under $5,000 ³
  • Establishment fee of $575 for loans $5,000and over ³
  • No monthly account keeping or early repayment fees
  • You can repay weekly, fortnightly or monthly

Find out more about our rates and fees

A home improvement loans customised to your needs

A renovation loan with Harmoney can help make your dream home a reality.

Education icon v4

We calculate your interest rate based on your individual credit assessment, without bias.

Time icon v10

Most people receive their money within 24 hours of accepting their loan terms.

100 online icon v11
100% ONLINE - 24/7

You can complete your entire loan application online in minutes.

Common renovation loan questions

View more
Why use a personal loan instead of increasing the mortgage?

Low interest rates associated with mortgages can be tempting, but borrowers need to consider the loan term as well as the rate. Miscalculating can cost thousands of dollars in extra interest paid when a long-term loan is involved.

If you’re considering topping up your home loan to pay for renovations, read our post How extending your mortgage can hurt and why it can be more cost-effective to use a personal loan:

Will I need to put up my property or vehicle as security?

No. All Harmoney loans – including our home improvement loans – are unsecured, so you won’t need to put up collateral for your loan.

Can I use a home improvements loan for DIY projects?

Yes, a home improvement loan is well suited to the home handyperson and DIY projects. You can use your renovation loan to buy materials, purchase or hire tools or hire tradies and other professionals such as an electrician, plumber, engineer or architect. It’s up to you how you want to bring your vision to life, and a renovation loan can help to make that happen.

What can I use a home improvements loan for?

The options are as varied as your creative vision. Whether you want to renovate the kitchen or bathroom, add a new room onto the house or improve your outdoor area with landscaping, paving, a new pool, shed or garage – if you have the vision, we’d love to help you bring it to life.

Kick off your project today

If you’ve got a home improvement or renovation project in mind, we can help.

About home improvement and renovation loans

Whether you want to renovate to add to your property’s value or put the finishing touches on your dream home, taking out a loan means you won’t have to delay your home improvements until later. But applying for finance isn’t a decision that should be rushed into.

What is a home improvement and renovation loan?

A home improvement and renovation loan provides the finance you need to improve your house or property in any way you want. Common reasons for a renovation loan are:

  • kitchen renovations

  • bathroom renovations

  • adding a swimming pool

  • energy efficiency improvements

  • home repairs

  • new exteriors or cladding

  • adding a new room or other home extensions

  • garden and landscaping improvements

  • adding storage space, a garage or shed

What types of home improvement loans are available?

A unsecured personal loan

All loans offered through Harmoney are unsecured, including renovation loans.

A secured personal loan

A secured loan requires an asset to be put forward to guarantee the loan. This is often a property or the equity in the property (if the value of equity is more than the amount of the loan).

The personal loans Harmoney offers are unsecured.

Mortgage finance

Another option for homeowners is to use mortgage finance to fund renovations, taking advantage of low mortgage interest rates to save on interest costs compared to a personal loan. However, this can often be more expensive in the long term if the interest is paid over many more years than a personal loan.

Things to consider about home improvement loans

What repayments can you afford?

When applying for a home improvement loan, you should think realistically about how much you’ll be able to pay back each month. As a reputable lender, Harmoney takes care to make sure any loan offer will be affordable for the borrower. It’s a compliance requirement that we make reasonable enquiries into an applicant’s finances to check that loan applicants are borrowing within their means.

With that in mind, you should take the time to consider how much you have to borrow for your renovation project.

How flexible is the loan?

Most loan terms span years rather than months, and people’s circumstances can change in that time. That’s why it’s always a good idea to choose a flexible loan.

If you find that you’re able to repay a loan before the full term, this can reduce the amount of interest you pay, saving you money. However, some lenders charge borrowers a fee if a loan is repaid early.

At Harmoney, we don’t think that’s fair. When you have a renovation loan with us, you can repay your loan early without any fees or penalties, helping you to save money and become debt free sooner.

If you’re renovating your property with the intention of selling, and you plan to repay the loan from the sale proceeds, the flexibility to repay your loan early without having to pay a penalty is something to consider.

How much do you need to borrow?

Predicting the cost of a renovation project is more art than science, but it’s important to get this right when you’re borrowing money to finance the project. Borrowing too much could mean you’re paying interest on money you don’t need, while borrowing too little could leave you looking for additional financing to finish the project. It may be possible to top up an existing loan, but that could come with additional fees.

At Harmoney loan, we offer top-up loans to help qualifying borrowers borrow a little extra, but these generally aren’t available within 6 months of an initial loan, so the timing may not work for your project. If you think you might qualify for a top-up, get in touch with our team to talk through what options are available to you.

Got a plan in mind?

We've got the personal loan to help.

Car icon v16

With a car loan from Harmoney, you can buy a new or used car or any other type of vehicle with the power of a cash buyer.

Find out more

Education icon v5

If you’re investing in your development, an education costs loan can cover the costs of books, fees, accommodation and more.

Find out more

Debt con icon v16

Consolidating multiple debts like loans and credit cards into a single payment can help to simplify your finances or save money.

Find out more

Holiday icon v14

Planning a getaway? Get the money you need to book flights, hotels, tours and other costs now or later with a holiday loan.

Find out more

Business icon v2

Starting or running a business is expensive. Find out how a small business loan could help you get started or grow to the next level.

Find out more

Medical icon v17

Don’t let hospital fees add to your worries. A medical costs loan can be a great help when you need some money fast.

Find out more

Renovation icon v16

Whether you’re making your home more liveable or saleable, a home improvements loan can give you the cash you need now.

Find out more

Wedding icon v14

Let your big day go exactly as you want with a wedding loan to cover your dream venue, catering and the all-important dress.

Find out more

We're real people and here if you need us

If you need help, just give us a call on 1300 042 766 or jump on to online chat and one of our more than 30 specialists will be there to lend a hand.

Customer service m wide min v3