# Harmoney Loan to Family Member — Australia

Help a family member

A family member needs help — with a deposit, an emergency, or getting back on their feet. You want to help, but lending your own savings can strain both your finances and the relationship.

You have the funds to help, with a clear repayment plan that keeps your own budget on track.

A Harmoney personal loan lets you borrow $2,000 to $50,000. The loan is in your name, assessed on your income and credit — the family member is not a party to the loan. Your rate is fixed, there are no monthly fees, and you can pay it off early with no penalties.

Harmoney holds Australian Credit Licence 474726.

Typical amount for this purpose: $2,000 – $50,000 — guidance, not a product limit; the loan amount range below applies.

## How loan to family member finance works

- Check your rate: A soft inquiry in as little as 3 minutes — no impact on your credit score.
- Choose your loan: Pick an amount and term that fits your budget.
- Get funded: 93% of approved loans are paid out within 24 hours.
- One repayment: Fixed weekly, fortnightly, or monthly — you choose.

## Lending to family — things to consider

**Be honest about what you can afford.** Only lend what you can manage to repay yourself if the family arrangement does not work out. The loan is in your name — you are responsible for every repayment.

**Put it in writing.** Even between family members, a simple written agreement about the amount, purpose, and any repayment expectations avoids misunderstandings later.

**Keep your own budget on track.** Factor the loan repayment into your own budget before you commit. Use the calculator on this page to see what the repayments look like.

## Personal Loan (unsecured)

- Interest rate: 5.76% p.a. – 24.03% p.a. (fixed)
- Comparison rate: 5.76% – 24.98% p.a. (NCCP Regulation 100, $30,000 over 5 years)
- Loan amount: $2,000 – $100,000 (increments of $100)
- Terms: 3, 5 and 7 year
- Repayments: weekly, fortnightly and monthly
- Establishment fee: $275 (loans up to and including $4,999) or $575 (loans of $5,000 and over)
- No monthly fees, no early-repayment fee.

### Important information

Harmoney Australia Pty Ltd (ACL 474726, AFSL 474726). Dispute resolution: Australian Financial Complaints Authority, membership 43816.

Comparison rate warning: the comparison rate applies only to the example given (NCCP Regulation 100). Different amounts and terms result in different comparison rates.

The rate offered depends on your individual credit assessment. Fees, charges, terms and conditions apply.