Interest rates and fees
Total transparency and no sneaky business.
This page was updated on February 13, 2019.
At Harmoney, we’re 100% open and transparent about our rates and fees. If you’re thinking about getting a loan, you can check what interest rate will apply to you through our no obligation loan application process, and you won’t be charged a Establishment Fee until your loan is issued.
Harmoney interest rates are based on a risk gradient. Each loan application is given an interest rate according to Harmoney’s credit scorecard. The interest rate on a loan is both the interest rate paid by borrowers and the gross interest rate due to investors.
- During the loan application, borrowers provide us with some financial information, including their credit files;
- Based on an assessment of this information, we’ll assign an interest rate to the borrower;
- The borrower will then be able to decide whether they want a loan at the provided interest rate.
Our interest rates are tailored to each applicant individually and start from as low as
Cost of Borrowing
Using the links below, you can download a detailed spreadsheet showing the total cost of borrowing for a range of example loans. The spreadsheet includes 3 and 5 year terms for loan grades A1 - E5.
For a quick estimate of how much money you can borrow and what your repayments will be like you can use our personal loan calculator
Borrowers who maintain their regular repayment schedule will be charged no additional fees beyond the one-off Establishment Fee.
Harmoney charges an up front, one-off Establishment Fee of
In the case where a borrower's repayment is dishonoured, a
If enforcement action is required against a borrower, any legal and associated third party costs incurred will be charged to the borrower account. The costs charged are due in the borrowers next payment.
Terms and conditions
1. Subject to approval and funding. Harmoney’s interest rates range from
2. Comparison rate of
3. Establishment fee of