Personal loan calculator
Work out your repayments
Get a quick estimate of your repayments
Personal loan calculator
Get a quick estimate of what your repayments might be using Harmoney's personal loan calculator.
Disclaimer: This calculator provides an estimate only, and a comparison rate, based on the example information provided. Other fees, costs, government charges like stamp duty, and cost savings are not included in the comparison rate but may influence the cost of the loan. Limits, rates, fees, and repayments may differ on application, based on a borrower’s individual credit assessment — see Interest rates and fees for details. This is not an offer, and applications are subject to terms and conditions, approval and funding.
Credit history and credit scores
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If you're trying to improve your credit score, you could be doing it all wrong. Here are five common misconceptions about credit scores and how you can avoid making avoidable mistakes.
Welcome to Credit Score Bootcamp
Everything you wanted to know about credit scores but were too afraid to ask. Your training for a better financial future starts here.
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A credit score is a relationship you have for life - or at least from the moment you open your first credit account - and we all have to start somewhere.
Frequently asked questions
View moreWhat is my interest rate based on?
Your interest rate is based on many factors, but a key factor is called the probability of default, that is the risk of you not being able to pay back the loan. This is assessed on the following information that you have provided us:
- Credit history
- Financial behaviours
- Demographic profile
Learn more about interest rates in New Zealand and interest rates in Australia.
How is the cost of my loan calculated?
The cost of your loan is calculated by the loaned sum + interest + any fees that are incurred through loan administration. Our loan repayment calculator gives you quick estimate on what you’ll have to pay.
What do I have to repay?
You have to pay back the total amount borrowed, including the Establishment fee.
You must also pay interest on the full loan amount. Interest is calculated by multiplying the unpaid loan balance by the annual interest rate.
The annual interest rate is fixed and specified in the loan offer. It is also confirmed in the loan disclosure. Interest is charged monthly.
If you do not repay the amount due by the due date, you will also have to pay additional fees as outlined in the links below:
If you have chosen to include Payment Protect in your loan (NZ only) you must also pay the Payment Protect fee.
What will my loan repayments be?
The size of your repayments depends on how much money you want to borrow and the length of time you choose to pay your loan back. Harmoney’s default payment schedule is monthly, but you can make payments as often as you want, and pay as much as you want, as long as the monthly minimum is met.
When you get your quote (NZ only) or loan terms, you will be assigned an interest rate and a maximum loan amount you’re approved for. You’ll also see what your repayments will be for a 36 or 60 month loan term.
Paying your loan off early
You are welcome to repay your loan earlier than the scheduled loan term without an early repayment penalty.
Check out these articles on how to increase your repayments, make additional payments or pay off your loan in full.
If I pay my loan off early how much interest will I pay?
Interest on your loan is calculated daily and applied monthly.
If you were to repay your loan back earlier there would be no early repayment fees and you would only need to pay the interest up until that day you pay the loan off.
Types of personal loans
Personal loans can be used for pretty much anything, so long as it’s legal. These are some of our most popular loan purposes.
DEBT CONSOLIDATION
Multiple debts can be tricky and costly. Simplify with one simple to manage loan.
EDUCATION LOANS
Focus on your studies with an education loan to suit your needs.
CAR LOANS
Money for your next car. Flexibility to buy from a yard or privately.
HOLIDAY LOANS
MEDICAL LOANS
A loan to help you meet costs of medical procedures or other health related costs.
RENOVATION LOANS
Green light your property improvement project and bring your vision to life.
PERSONAL LOANS
WEDDING LOANS
Make your day one to remember and not one of compromises.
BUSINESS LOANS
OTHER LOANS
Choose from loan types across almost everything you could need.
Terms and conditions
1. Subject to approval and funding. Harmoney’s interest rates range from
2. Establishment fee of
3. To apply in New Zealand you need to be 18 years or older, be a Permanent resident or New Zealand citizen, be earning a stable income and have a valid New Zealand Passport or Drivers License.