Let's be Kiwi with money

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Let's be Kiwi with money

Who is Harmoney and what is Marketplace Lending?

Harmoney is NZ's largest lending marketplace. Our marketplace matches people who want to borrow money, with those who want to lend money. It's people lending to people.

Harmoney operates a Marketplace where both retail and institutional lenders can invest their funds. Retails lenders are everyday people lending money in the Marketplace; while institutional lenders, are financial institutions lending money. As of April 2018, Harmoney will become an Institutional lender. Each lender plays an important role in the Marketplace, providing diversity of funding and ensuring loans are funded quickly and efficiently. In fact, in most cases, funds can be advanced within a day of a loan being submitted to the marketplace. * Depending on your bank, the funds transfer may take up to three working days to show in your account.

Harmoney's role is to provide Borrowers a place to make loan applications, and a place for Lenders to invest their money in these loans. Harmoney also ensures that lenders and borrowers in the marketplace are of good standing.

How do Borrowers use the marketplace?

How it works 1

To list a personal loan in the marketplace, Borrowers complete a 100% online process. As a responsible lender, Harmoney uses the information Borrowers provide and their recent credit history to calculate a personalised and accurate interest rate based on the Borrower’s individual circumstances. Once a Borrower has accepted their quote, they have an opportunity to share a bit about how they will use their loan. The loan purpose will help lenders to decide whether to invest in that personal loan or not.

How do Lenders use the marketplace?

How it works 1

Lenders sign up to invest in the Harmoney marketplace. Loan investments in our Marketplace are split into $25 chunks, which we call 'notes'. For example, a $10,000 personal loan would be split into 400 notes. This means that rather than invests $X into each loan, a Lender invests X notes into each loan.

By using this fractionalised method, we give our Lenders the ability to diversify their investments over hundreds or even thousands of individual loans. It also means that each individual loan is typically funded by several Lenders.  Click here to learn more about lending.

How do the repayments work?

How it works 1

99% of personal loans in the Harmoney marketplace are fully funded within 24 hours (FY17).  * Depending on your bank, the funds transfer may take up to three working days to show in your account.

Borrowers make monthly repayments to Lenders via Harmoney. These repayments are paid into the individual Lenders' accounts as principal and interest payments. Lendes can then either re-invest, or withdraw their funds.

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Why is Harmoney the best choice for you?


We give Borrowers a fair deal

  • Personalised interest rates
  • No pre-payment penalties
  • Unsecured loans up to $70K
  • 99% of loans are funded within 24hrs.*

We give Lenders better returns

  • High rate of return
  • Proven reliability of customer credit
  • Diversification of your portfolio
  • F.M.A licensed and regulated.

Subject to funding. 99% of loans listed in the marketplace reach full funding within 24 hours (based on loans submitted in FY2017).

Who's talking about us?

Still have questions?

Further information on unsecured personal loans can be found on the Community Law website.

* The Legal Stuff

Subject to approval and funding. Harmoney's interest rates are offered based on the individual borrower's credit assessment according to Harmoney's credit scorecard. In order to be approved and list your loan you must meet Harmoney's credit criteria and responsible lending requirements. Fees, charges, terms and conditions apply.