Education loans
Start growing your career.
Won’t affect your credit score
Canstar's most awarded Personal Loan (ever)
Take control of your education
Focus on your future and leave the finances to us with a Harmoney education expenses loan.
NO DELAYS
With most education expenses loans funded within 24 hours, you can start creating your own opportunities tomorrow.
NO SURPRISES
Stay in control by knowing in advance how much you can borrow and what your interest and repayments will look like.
REDUCE RISK
At Harmoney, our loans are unsecured which means you don’t need to provide an asset as collateral.
What our customers say
Couldn’t recommend it more A++ new zealand
Thank you so much new zealand
Simple, 100% online
1. Get to know you
Provide us with some personal and financial details and let us know how much you need to borrow for your education loan.
2. Get your quote
You’ll receive an in-depth quote for your education expenses loan for your approval.
3. Get your money
Once you’ve accepted your quote and provided a few final details your money should be in your account within 24 hours.
What we offer
$2K - $70K
Loan limits
3, 5 or 7 years
Loan terms
$150
Establishment fee
$0
Early repayment fee
- You can get a 3, 5 or 7 year loan term¹
- Secured fixed rates from 9.89%* p.a to 21.49% p.a.
- Unsecured fixed rates from 9.99% p.a. to 24.99% p.a.²
- Establishment fee of $150
- You can repay weekly, fortnightly or monthly
- Your rate is fixed for the life of the loan
* If you take out a secured loan and don’t meet the security conditions within 60 days of the loan advance, the loan will revert to unsecured and the interest rate will change to a higher unsecured interest rate.
Quick study loan estimate
Get a quick estimate of your interest rate and repayments on your study expenses loan with our quick loan calculator.
Common education loan questions
View moreYes. If you have the chance to pay back your remaining balance before the end of your loan term, doing so will help you to save on interest payments and get out of debt sooner. Harmoney doesn’t charge early repayment fees.
New Zealand
Manual payments can be made into Harmoney's bank account via direct credit:
Loan Accepted Before 31st July 2021 | Loan Accepted After 31st July 2021 |
Bank: ASB Bank Account number: 12-3109-0056095-03 Reference: (your LAI number) | Bank: ASB Bank Account number: 12-3109-0159350-03 Reference: (your LAI number) |
Australia
Manual payments can be made into Harmoney's bank account via BPAY:
Loan Accepted Before 31st July 2021 | Loan Accepted After 31st July 2021 |
Biller code: 112177 BPay reference: (your LAI number) | Biller code: 311423 BPay reference: (your LAI number) |
Fast and fair education expenses loan
Remove unnecessary financial stress so you can focus on your education.
PERSONALISED RATE
A fair, personalised credit rate is created for you based on your personal credit assessment.
100% ONLINE - 24/7
No meetings, no interviews, no need to leave the house. Every step can be completed online.
NO EARLY REPAYMENT PENALTY
We’re different from other lenders. If you are able to pay your loan early, we won’t charge you for it.
About education loans
One of the best things you can do for your future is to engage in education and training.
But it can be expensive. An education loan can help with the costs associated with education from fees and textbooks to transport and equipment. (It’s worth noting that unlike Government and other specific student loans - such as those offered by StudyLink - a personal loan can’t typically be used to cover living expenses.)
There are various factors you should consider before deciding on an education loan that’s right for you.
Secured education loan
A secured loan requires a personal asset to be offered as security, or collateral. In the case of a borrower not keeping up with payments the lender can repossess their items. This type of loan can offer a low interest rate but carries the risk of losing one’s assets.
Harmoney does not offer secured loans.
Unsecured education loan
In the case of an unsecured loan, security is not required, meaning your assets are safe and cannot be seized by the lender.
At Harmoney we only provide unsecured loans.
Student loan
If you’re studying an approved course run by an approved education provider, you may be eligible for a Government student loan in New Zealand. These are designed to cover course fees, course-related costs and living costs. Interest payments are generally lower than for a personal loan, but so are borrowing limits.
See a list of approved courses here.
Fixed or variable rate?
An important factor of any study loan is whether the interest rate is fixed or variable.
A fixed rate remains constant throughout the term of your loan, regardless of what is happening in the marketplace. You’ll always know what you’re paying. Whereas a variable interest rate will fluctuate, meaning it could go higher or lower than what you begin with, meaning your payments could change from month to month.
Education loans from Harmoney are always fixed rate, giving our borrowers confidence and certainty in their loan.
Focus on your future
Stop worrying today. Focus on the important stuff by applying for a study loan.
Types of personal loans
CAR LOANS
New or used, when you’re ready to buy a new car Harmoney can sort you out with an online car loan.
EDUCATION COSTS
If you’re ready to make your study dreams come true, Harmoney is ready to help support you with an education loan.
DEBT CONSOLIDATION
Combine your existing debts into a single loan and simplify your finances.
HOLIDAY LOANS
Travel now, pay later with a holiday loan. Whether you’re caravanning or flying first class, we can help extend your holiday budget.
BUSINESS LOANS
Whatever expenses your small business has, cover them with a Harmoney business loan.
MEDICAL EXPENSES
Medical expenses can come out of the blue. If you need help financially a medical loan can let you get back to focusing on your health.
RENOVATION LOANS
If your lifestyle could benefit from a home renovation, a Harmoney renovation loan can help make it happen more quickly.
WEDDING LOANS
Find out how a Harmoney wedding loan can bring your dream wedding to life.
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 online chat and one of our more than 30 specialists will be there to lend a hand.
Terms and conditions
1.Loan terms subject to availability.
2. Subject to approval. 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 you must meet Harmoney’s credit criteria and responsible lending requirements. Fees, charges, terms and conditions apply.