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How Long Does It Take to Get a Personal Loan Approved with Harmoney?

  • Writer: Harmoney
    Harmoney
  • 18 hours ago
  • 2 min read

When you need a personal loan, time is often a key factor. At Harmoney, we have designed our process to be as fast and efficient as possible, so you can get the money you need without the long waits and paperwork of traditional lenders.


Our 100% online process means you can get a quick quote and a lending decision much faster, often within 24 hours.


Our Fast, Step-by-Step Timeline

The entire process, from application to funding, is broken into simple steps. Here is a typical timeline:


Step 1: Getting Your Quote (Minutes)

The first step is our online application, which takes most people about 15-30 minutes to complete. This is where you provide us with some basic information about yourself and your finances.


  • Timeline: Within minutes. Once you've provided the information, our AI-driven system instantly processes it to provide you with a detailed, no-obligation quote.


Step 2: Loan Approval (Typically 24 Hours)

If you're happy with your quote and decide to proceed, you will accept the loan terms. Our team will then perform the final checks as part of our responsible lending criteria.


  • Timeline: Most loans are approved within 24 hours. By having all your required information ready upfront, the process can be even faster. We will let you know the outcome via email and on your online dashboard.


Step 3: Getting Your Money (1-3 Business Days)

Once your loan is approved and you have digitally signed the loan agreement, your loan is submitted for funding.


  • Timeline: Most loans are funded within 24 hours of submission. After that, it typically takes 1-3 business days for the funds to clear and appear in your bank account, depending on who you bank with. In many cases, customers receive their money much faster.


What Can Speed Up the Process?

The fastest way to get your loan approved and funded is to have all your details ready from the start. This includes:


  • A valid New Zealand Driver's Licence or Passport.

  • Your online banking details for our secure verification process, which replaces the need to manually upload documents.

  • Completing our application form completely and accurately.


How We Compare to Other Lenders

While traditional banks may have an approval process that takes several business days, our AI-driven online system is designed for speed and convenience. We aim to give you an outcome and get you your money as quickly as possible.



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