Yes. At Harmoney, we believe in giving you complete control. We have a firm policy of no early repayment penalties and no fees for making additional payments.
Our goal is to help you get ahead. If you’re paying off to save on interest, we fully support you. If you’re considering leaving for a different lender, let’s talk first—we might be able to save you even more.
Making extra repayments is one of the most effective ways to save. Every dollar of extra principal you pay off reduces the total amount of interest you will be charged over the life of the loan.
By making additional payments, you can:
Reduce the total interest paid.
Become debt-free sooner.
Keep your momentum: Since you’ve already built a repayment history with us, we can often offer existing customers options that aren't available to the general public.
Many customers use windfalls like tax refunds to make a dent in their loan. If you are paying off this loan to move to another lender, talk to our team first—we may be able to review your current rate.
You can make additional payments on your loan at any time. The simplest way is to make an extra payment directly into your Harmoney loan account.
Regular Extra Payments: Set up a recurring payment higher than your minimum.
One-Off Payments: Make a one-off lump sum payment at any time.
When you're ready to pay off in full, you'll need a final payout figure. This is the exact amount you owe, including interest accrued, up to a specific date.
Or, we’ll call you back. Book a time for a Harmoney Customer Service member to call you back at a time that suits you.
(Please note that this figure is only accurate on the date that it is provided. If your loan is not fully paid off on the same date, you will need to have this figure updated.)
Before you request a final payout...
Are you paying off your loan to move to a competitor or to simplify your payments? Let us help you find a better way.
Found a lower rate? Ask our team about a Rate Review to see if we can match your new offer.
Frustrated with multiple loans? We can consolidate your existing Harmoney loans into one easy, manageable payment.
Tired of different dates? We can sync your repayments to a date that suits your lifestyle.
Our team is here to help you close your account or, if you're looking for a better deal, we can review your current Harmoney setup to see if we can save you the hassle of switching.
Unlike traditional banks or competitors who may charge "break fees" or early repayment penalties, Harmoney gives you the flexibility to move. If you're frustrated with a Multi-loan setup or chasing a lower rate elsewhere, don't leave—let us fix it first.