Interest rates and fees
Fair, risk-based interest rates
Total transparency, no sneaky business
Last updated on October 7, 2020
At Harmoney, we’re 100% open and transparent about our rates and fees.
Our rates range from
We assess your current financial circumstances and then assign you a rate, so you pay based on your individual circumstances not everyone else's.
Get your rate
If you’re thinking about getting a loan, you can check what interest rate will apply to you through our no obligation loan application.
- During the loan application, you'll provide us with some financial information, including access to review your credit files.
- Based on an assessment of this information, we’ll assign you an interest rate.
- Then you'll be able to decide whether you want a loan at the interest rate provided.
Cost of borrowing
To help you understand the total cost of interest over the term of your loan, you can download a detailed Excel sheet or PDF which shows the total cost of borrowing for a range of example loans.
The documents include 3 and 5 year terms for loan rates and limits.
Borrowers who maintain their regular repayment schedule will not be charged any fees beyond the one-off Establishment Fee. We also don't charge any early repayment fees, so you can pay your loan off early without any penalties, plus there are no ongoing monthly account fees.
Harmoney charges an up front, one-off Establishment Fee of:
The Establishment Fee is added to the approved loan amount requested, and paid to Harmoney on settlement of the loan.
If your loan is not successfully funded, you will not be required to pay an Establishment Fee.
If 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 borrower's next payment.
Archived rates and fees
Terms and conditions
1. Subject to approval and funding. Harmoney’s interest rates range from
2. Comparison rate of
3. Establishment fee of