PERSONAL LOAN
Borrow up to $50,000 unsecured
Personalised rates from
Won’t affect your credit score
Canstar winner 5 years in a row
How can we help?
Or select another loan purpose
How to apply online
Step 1. Get to know you
Tell us how much you need to borrow and give us a little information on your finances and yourself.
Step 2. Get your quote
You’ll receive a personalised quote containing your repayments, interest rate and loan limit.
Step 3. Get your money
Once you’ve accepted your quote and sent through some extra information your loan should be fully funded within 24 hours.
What we offer
$0
Early repayment fee
$200 or $450
Establisment fee
3 or 5 years
Loan terms
$2K - $50K
Loan limits
- All loans are unsecured
- Rates from
6.99% p.a. –24.69% p.a. ¹ - Your rate is fixed for the life of the loan
- You can repay weekly, fortnightly or monthly
- Establishment fee of
$200 for loans under$5,000 ² - Establishment fee of
$450 for loans$5,000 and over ²
Quick personal loan estimate
Get a quick estimate of the rates and repayments on your personal loan with our free online loan calculator.
Fair and simple personal loans
If access to money is holding you back, we’re here to help.
PERSONALISED RATES
We’ll calculate a tailored interest rate for you based on your personal finances.
SIMPLIFIED BORROWING
Our simple fee structure and fixed personal interest rates make financing your dreams straightforward and easy to understand.
MORE THAN A LOAN
Get help with any aspect of your loan at any time by contacting our friendly support staff.
Common personal loan questions
View moreWho is Harmoney?
Harmoney launched in 2014 as NZ’s first licensed peer-to-peer personal loan provider. Since then, we’ve loaned more than $1.7 billion to over 50,000 borrowers in both Australia and New Zealand (March 2020).
Today, we fund loans more traditionally, but our focus remains the same: to make the borrowing experience fairer, faster and more accessible and to remove the inconvenience, awkwardness and uncertainty associated with traditional borrowing.
Our purpose is to help and inspire people to achieve their goals through financial products that are friendly, fair and simple to use. We know that access to money at the right time can make a huge difference and we believe responsible lending is crucial for helping people embrace the opportunities that life presents.
Is a personal loan good for paying off credit card debt?
An online loan in the form of a debt consolidation loan can be an effective way to pay off credit card debt and other debts, but it’s not suitable for everyone.
Why use a personal loan instead of extending my mortgage?
These days, low interest rates for mortgages can make it tempting to increase a mortgage with extra debt to save you interest fees. It’s an option that’s worth considering if you have equity, but it can sometimes end up being more costly in the long run.
We’ve written about the pros and cons of extending your mortgage, to help you make an informed decision about managing debt:
What can I use a personal loan for?
Harmoney online loans are very flexible and can be used to finance almost anything you want to.
Debt consolidation, home improvements and renovations and car finance are popular reasons why people apply for a personal loan. We also offer wedding loans, education loans and personal loans for medical expenses, household items, travel and holidays and more.
If money and finances are holding you back from achieving the things you want in life, talk to us about how a personal loan could help.
Will I qualify for a Harmoney loan?
In New Zealand - to apply for a personal loan you need to:
- Be 18 years or older
- Be a Permanent Resident or New Zealand citizen
- Be earning a stable income
In Australia: to apply for a personal loan you need to:
- Be 18 years or older
- Be an Australian citizen, Permanent Resident or New Zealand citizen
- Be full-time or permanent part-time employed
- Have your photo ID documents handy, such as your Australian driver’s licence or passport
- Have a clear credit file with no defaults, judgements or bankruptcies
- Require a minimum $2,000 loan
When you apply or request a quote for an online loan, we need to know a little about your needs and your finances. We’ll also make some enquiries to help us verify your information. Using this information, we’ll assess your eligibility to receive credit and your capacity to service a loan.
If you qualify for a loan, we’ll provide you with your personal interest rate and the maximum amount you can borrow. There are times when we may not be able to offer a loan quote or loan application, such as if your recent credit history is unsuitable or there is unavailable capacity to service a loan.
What happens if a borrower’s circumstances change?
We know that things don’t always go as intended, despite careful planning. If changes in your circumstances are making you concerned about your financial situation, our customer service team is here to help as best we can.
Our number one piece of advice – don’t ignore the problem, get in touch as soon as possible so we can discuss your options and work through them together. We can also help if you are faced with unforeseen financial hardship.
Will a personal loan help you?
Join the thousands of New Zealanders who have achieved their goals with the help of a Harmoney loan.
About personal loans
Accessing money to help you achieve your goals sooner.
Personal loans allow you to borrow money for a specific purpose, whether it’s to buy a car, renovate your house or pay for your education. A personal loan can pave the way for you to achieve your goals while cutting down on your waiting time.
Costs associated with personal loans include interest and fees, which the loan provider uses to make money. Interest varies based on a number of factors including the borrower’s personal history, market rates and interest type – either fixed or variable. Fees, meanwhile, are charged to cover administration costs.
At Harmoney, our goal is to help borrowers take advantage of life’s opportunities by funding their endeavours in a friendly, fair and accessible way. Since 2014, we have sought to provide an excellent customer experience that helps you every step of the way.
Loan purposes
There are many different reasons to take out a personal loan, and we will have a specialised option to suit your purpose. Some of our popular loan types include debt consolidation, car loans, home renovation loans and business loans. We also offer loans for travel and holidays, weddings, medical expenses and more.
If you’re ready to make your dreams come to, talk to us about your loan needs.
Comparing a personal loan to other loan products
There are other money borrowing options beyond personal loans including credit cards, hire purchase (HP), store cards and buy-now-pay-later options like Afterpay, Zippay and LayBuy.
When deciding which loan product is right for you it’s important to consider the following factors.
Loan amount
The amount you need to borrow will help determine the type of loan product best suited to you.
For smaller purchases, store cards and buy-now-pay-later services are most suitable.
For larger purchases personal loans, credit cards and HP borrowing limits are more appropriate. Harmoney personal loans range from
Interest rates and fees
Loan providers charge different interest rates and fees, but it’s important to know what you’ll have to pay back before you accept any loan offer.
To make things easier for, Harmoney displays all its interest rates and fees clearly on our website. This helps you make an informed decision about whether you want a loan and how much you can afford in repayments.
Our fees are also easy to understand. So long as you make all your repayments on time, you’ll only ever have one start-up fee. You can even pay back your loan without any extra charge.
This isn’t the same for every loan provider though, so be sure to check all the fine print before you sign on the dotted line..
Loan term
The ‘loan term’ refers to how long you’ll be making repayments on your loan. With Harmoney, you have the option for a three-year or a five-year loan. Whichever option you take, so long as you make all your repayments on time, you know exactly when you’ll be debt free.
If you want, you can off your loan early and there are no fees for doing so. You may be able to do this by paying a little bit extra with every repayment or by making a lump sum when you have spare cash.
In most cases, a shorter-term loan will have higher monthly repayments but you’ll pay less overall in interest.
Why people use personal loans
Personal loans can be used to cover just about any expense you have. The benefit of a personal loan compared to other consumer credit products such as credit cards is that there is no mystery. With a Harmoney personal loan the interest, repayments and loan term are laid out for you to approve before signing up for the loan.
Harmoney personal loans also allow for fee-free early repayments which can save you money on interest. Your loan term may be 3 or 5 years, but you can pay the loan off in 1 or 2 years if you want to, allowing flexibility and control of your loan.
Downsides of traditional personal loans
Traditional loans can be difficult to arrange, with face-to-face meetings required at times that may not suit. On top of that, you may have to take time off work to attend the appointment, which not everyone can afford to do.
At Harmoney, we’ve made the process simpler. All of our loans – whether that’s for a new car, a new business or something else – can be applied for at any time of the day, on any day of the week, from wherever you are. Our online applications make loans easier.
What our customers say
Recommend to all family and friends
And the chat and email responses were fantastic. Kris from Customer Care online chat was there and respond fast. I applied online for a loan from Instant Finance takes a week before they contacted me if still interesting too bad i applied with Harmoney only minutes and i found out that got approved. I m still waiting now for a second quote coz i changed the amount but 24hrs not over yet as promised. Thanks and keep up the good work. When you treat customer right they wont ever leave Auckland, New Zealand
Easy to follow instructions.
I compared with other agencies and harmony had the best offer. , New Zealand
Had loan approval confirmation within the hour and finance was deposited within 24 hours. Would highly recommend Harmony to friends and family.
Canterbury , New Zealand
What a sense of relief all my debt consolidation all under one loan.
Great interest rate which out did all banks and I was able to sleep a great night sleep the fact the loan came though and cleared all my numerous accumulating debt.
I can now how a much simpler life and a direction moving forward and know where I am at
Thank you Harmoney. Northland, New Zealand
shirley Northland, New Zealand
Very easy to access all bank details to set up auto payment
This way of getting approved to borrow money is far better than going to a bank or finance office or filling out forms
An excellent way to build a good credit rating for later on
Excellent Service Tauranga, New Zealand
Kind Regards
Peter Auckland, New Zealand
Awesome!! , New Zealand
Our bank won't lend to our business, in it's 1st year of operation, even though we have equity. They won't even give a personal overdraft.
Thanks to Harmoney, I am now laughing my way to the bank, where I would have gladly paid more in interest if they had been even remotely interested. Our mainstream bank adversities with the following slogan: "Helping small businesses grow" ~ YEAH RIGHT....... I think that title belongs to HARMONEY.
Thank you Harmoney. When are you starting banking services? Auckland, NEW ZEALAND
I'm very impressed how the money was in my account the very same day. I am ever so grateful because I had been stressing out trying to find a solution and this happened! Thank you Harmoney. Auckland , New Zealand
Learn more about personal loans
CAR LOANS
Time to upgrade your car? Get the cash you need to get back on the road with a Harmoney car loan.
DEBT CONSOLIDATION
Replace all your debts with one simple monthly payment with a debt consolidation loan.
HOLIDAY LOANS
Ready for a getaway but short on cash? Cover the cost of your next holiday with a holiday loan.
EDUCATION LOANS
Between accommodation, textbooks, fees and living expenses, studying can be an expensive business. Take the pressure off with a Harmoney education costs loan.
MEDICAL LOANS
Do you have unexpected medical bills? An online medical loan from Harmoney can help.
RENOVATION LOANS
Whether you need to fix a crumbling wall or create your dream kitchen a renovation loan can cover all your home improvement needs.
WEDDING LOANS
Your wedding should be a day to remember – for the right reasons. Plan your perfect day with a Harmoney wedding loan.
BUSINESS LOAN
Need help with cashflow? Get a quick cash injection with an online business loan.
We're real people and here if you need us
If you need help, just give us a call on 0800 427 666 or jump on to live chat and one of our more than 30 specialists will be there to lend a hand.
Terms and conditions
1. Subject to approval and funding. Harmoney’s interest rates range from
2. Establishment fee of