The journey to financial freedom with Harmoney Top Up

Earn a better interest rate over time

Increase your loan limit

A Top Up requires a rewrite of your existing Harmoney loan. Subject to approval and funding, To be approved and list your loan you must meet Harmoney’s credit criteria and responsible lending requirements. Interest rates and maximum loan amounts are offered based on the individual borrower’s credit and affordability assessment. Interest rates range from 6.99% p.a. to 29.99% p.a.. Fees, charges, terms and conditions apply.

Our mission is to help people take control of their finances and do more with their money. That’s why we offer a way to earn better interest rates and access higher loan limits.

We personalise your loan offer to your specific circumstances (credit situation, affordability etc), because one-size-does-not-fit-all.

But we also know ‘you of today’ and ‘you of tomorrow’ could be quite different, which is why we regularly review your loan. We want to ensure you’re getting the best personal loan we can provide.

It’s another way we help borrowers stay on top of their finances.

Earn your way to a better rate and higher loan limit*

83% of Top Up customers get a better rate*

We review your situation regularly to see if you're on the straight and narrow, and assess your eligibility for a lower interest rate and a higher borrowing limit in the form of a Harmoney Top Up. 

Your credit score and financial situation* both need to stay the same or get better. And then pretty soon, you'll be climbing the ladder to financial freedom.

For example: (for indicative purposes only)


Interest rate
15.90% p.a.

After 6 months*

Interest rate
12.39% p.a.

* Note: this is based on your credit score, and financial situation remaining the same, or improving, and meeting at least 6 consecutive on-time payments with Harmoney. A Top Up requires a rewrite of your existing loan. To be approved and list your loan you must meet Harmoney's credit criteria and responsible lending requirements. Harmoney's interest rates and maximum loan amounts are offered based on the individual borrower's credit and affordability assessment. Current interest rates apply. Fees, charges, terms and conditions apply. ^Based on Top Up loans in FY2018.


Topping Up is a feature offered to certain Borrowers who, having demonstrated an excellent track record of on-time repayments, may be eligible to apply for additional funds.

As a Responsible Lender, we will require all Top Up applicants to go through the application process again. If your circumstances have not changed (or have improved) you could be eligible for a lower risk grade, and hence a lower interest rate.

As we can only allow each Borrower / Co-Borrower to have one active loan through at any one time, when a Borrower is approved for a Top Up, their existing loan is closed off, and ‘rewritten’ – hence loan Top Ups are sometimes known as Rewrites.

Harmoney customers who are eligible to apply for a Top Up will often be notified by phone or email. However if you feel you might be eligible, and have not heard from us yet, you can contact our customer service team who can determine your eligibility over the phone.


If you are approved for a Top Up, we combine your original loan amount and the additional amount you wish to Top Up to create a new loan; primarily because Topping Up changes the terms of your original loan contract. It's important to note that the amount of your repayments will change to reflect the new amount you have borrowed, and the new rate you are on. 

The outstanding value on the original loan’s outstanding value is repaid to Lenders, and the remainder (your Top Up) is deposited into your nominated bank account. So, for example, if your current loan has $8000 owing and you wish to borrow an additional $2,000, the total of your new loan will be $10,000 (+ an additional $450 establishment fee for the new loan).

Your Harmoney dashboard will be updated to reflect that your original loan has been repaid and closed, and that your new loan has been issued.

We'll also help improve your financial wellbeing at other places too!

Fairer credit assessment with Harmoney

As a responsible lender, Harmoney assesses Borrowers using Comprehensive Credit Reporting. Also known as 'Positive Credit Reporting' it means your credit is assessed based more on your overall situation including the good stuff, and not just your slip ups. 

Learn more about Comprehensive Credit Reporting.

When times get tough, we’re here to help.

We understand that life can throw a few curve balls from time to time, so if you find yourself unable to reasonably keep up your loan repayments – let us know as soon as possible. We have a dedicated team, who want to help you and who will work with you to find the best solution for everyone.

Learn more about Unforeseen Hardship.

Even more tips to improve your financial health.

Want more ways to improve your financial health? We wrote a book (two actually!)

PDF file icon

10 Ways to a Better Credit Rate

Credit reporting in New Zealand has changed – and those changes could affect you. With the introduction of Comprehensive Credit Reporting, lenders can now see both your good and bad credit history – giving you more ways to improve your rating. In this book, you will find:

  • What a credit report is
  • What details lenders look at when assessing applications
  • How to manage your debt
  • Why applications are sometimes unsuccessful
  • The next evolution: Comprehensive Credit Reporting (CCR)
  • Ten tips to improve your credit rating

Download your free eBook

PDF file icon

A New Zealander’s Guide to Debt Consolidation

Debt consolidation loans can take the hassle out of maintaining several loans. You can combine your car payments, personal loans, credit card payments, and other debt into one easy-to-manage loan, with a fixed interest rate and a regular repayment date in the calendar.

In “A New Zealander’s Guide to Debt Consolidation” we look at the pros, cons, and the important things to consider when deciding whether debt consolidation is the right thing for you to pursue.

Download your free eBook

Frequently asked questions

What if my circumstances have changed since applying for my original loan?

It all depends on what has changed and how it has changed; when you apply to Top Up your loan, we will reassess your financial situation – if you have remained the same, or improved your credit and financial situation, you may receive a lower interest rate. However, if you have gone the other way, your application for a Top Up may be declined.

Will my interest rate change?

Possibly. As above, we will reassess your financial circumstances and if your credit and financial situation is in the same or better position than when you applied for your original loan, you could be assigned a new risk grade and interest rate.

What fees will there be?

A $450 Establishment Fee applies to Top Ups.

What term will apply?

The terms available will be shown on the loan details screen.

Why do I have to get a new loan?

We combine your original loan amount and the Top Up amount to create a new loan because topping up changes the terms of your original loan contract. Once your new loan has been fully funded on the marketplace, the outstanding value on your original loan is repaid to Lenders, and the remainder (your Top Up) is deposited in your nominated bank account, or directly to the debtor in the case of a debt consolidation loan.

What happens if my new loan is not funded?

In the unlikely circumstance that your new loan does not reach full funding, the Top Up application will be declined but this will have no effect on your existing loan.

Does the co-borrower on my original loan have to be included in my new topped up loan?

Not necessarily. This will depend on your credit and financial situation at the time you apply for a Top Up loan. You can elect to include the same co-borrower, or no co-borrower. However, depending on your individual circumstances and the amount you wish to apply for, Harmoney may require you to add a co-borrower in order to be approved.

What if my circumstances change and I can’t service my loan?

As a responsible lender, we can work with you in times of financial hardship. You can find more information here, or you can call us on 0800 427 666 (9am – 6pm).

Will this change my payment date?

Your payment date is likely to change as it will be aligned to your new loan agreement.

What if I am paying weekly or fortnightly?

If you are paying weekly or fortnightly, your payments will revert to our standard monthly schedule. This can be configured after settlement of your loan to suit your needs.

Got other questions?

Flick us an email at or give our friendly customer services team a call on 0800 427 666 (9am – 6pm)