Invest in your future
Personalised rates from 6.99%¹
Won’t affect your credit score
Take control of your education
Focus on your future and leave the finances to us with a Harmoney education expenses loan.
With most education expenses loans funded within 24 hours, you can start creating your own opportunities tomorrow.
Stay in control by knowing in advance how much you can borrow and what your interest and repayments will look like.
At Harmoney, our loans are unsecured which means you don’t need to provide an asset as collateral.
What our customers say
Harmony you have made this very simple and easy for me to understand.
No hick ups what so ever.
Fantastic customer service.
Thanks Harmony. Northland , New Zealand
Thank you so much for all your help New Zealand
Granted that my credit rating is 1000 and that I have a guaranteed permanent secondary teaching position but I have NEVER experienced or expected anything as smooth as this Harmony process (FYI: I am 57 years old and a property owner of one rental and have gone through many mortgage and loan applications in the last 20 years. I also have an extensive 30-year secondary teaching career alongside this).
Despite my strong credit history, no hire purchases, an $82 000 salary (guaranteed), and a $610 weekly rental income, my regular bank would not loan me the extra $10 000 needed to complete a new sleepout because, in their view, I was reaching beyond a financial ceiling that they would not finance.
It left me in a pretty pickle as I wanted to complete the sleepout in Christchurch before the 2021 academic year so that I could take advantage of the influx of NZ students into the city post-New Year. The conceting and foundation is down already so, really, it is not going to take too much to complete the actual structure.
My regular bank simply did not want to know despite an extremely positive valuation from a registered and accredited valuer.
Getting this loan is actually a kind of miracle for me. The property has been in my family's hands for 45 years but now I am really adding value and getting some good returns on it (I am also not over-leveraged compared to Auckland properties).
All I can say is, THANK YOU Harmony as I don't have to go back to my bank anymore to beg for the funds required.
Can I also add that I am greatly heartened that I can pay the loan back at anytime without any financial penalty. It really is a great deal tbh and I would recommend this lender to anyone out there who is stuck for funds New Zealand
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
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
3 or 5 years
$200 or $350
Early repayment fee
- Interest rates from 6.99% p.a. – 19.99% p.a.¹
- Establishment fee of $200 for loans under $5,000²
- Establishment fee of $350 for loans $5,000 and over²
- You can repay weekly, fortnightly or monthly
- Your rate is fixed for the life of the loan
- All loans are unsecured
Quick study loan estimate
Get a quick estimate of your interest rate and repayments on your study expenses loan with our quick loan calculator.
Can anyone apply for an education loan?
To apply for an education expenses loan in Australia, you have to:
Be 18 or older
Be an Australian citizen or Permanent Resident or a New Zealand citizen
Prove that you are employed full-time or permanent part-time
Prove your identity with valid photo ID such as your Australian driver’s licence or passport
Not have a default, judgment or bankruptcy listed on your credit file
Need at least $2,000 for your loan
To apply for an education expenses loan in New Zealand, you have to:
Be 18 or older
Be a citizen or Permanent Resident of New Zealand
Prove that you earn a stable income
An education loan is a type of personal loan. You can apply for a loan online following our simple step-by-step process.
What can I use an education loan for?
A study expenses loan can be used to cover education costs up to your borrowing limit, including tuition fees, on-campus housing, academic books, transport and equipment such as computers. Knowing your ongoing costs are covered up-front makes managing your day-to-day expenses easier.
Can I delay paying back my loan until after I complete my studies?
A personal loan for education expenses is not like a government student loan, which only needs to be repaid once you’re earning above a certain threshold. You will need to make regular repayments on your Harmoney loan from the start of the loan.
If you want to lower your monthly repayments, you can choose a 5 year loan rather than a 3 year loan. Keep in mind, the longer the loan term the more interest you pay over the life of the loan.
I need to borrow more. Can I increase my loan?
You may be able to extend your borrowing limit and borrow more on your education loan if you’ve been making your scheduled repayments to Harmoney for 6 months or longer and your credit profile is the same or better.
Can I cancel the loan if I’m no longer in education?
Harmoney loans can be cancelled within a “cooling-off period” of 7 days of the loan starting if you change your mind. As long as you’re in the cooling-off period, you can return your money to us and we’ll refund your establishment fee.
If you’re not in the cooling-off period, but your plans change and you no longer need a study expenses loan, you will have to pay back your remaining balance (including any interest owing at that time) to close your loan account.
Can I pay off my loan early?
Yes. 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.
Fast and fair education expenses loan
Remove unnecessary financial stress so you can focus on your education.
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.
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.
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.
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.
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
If you’re ready to make your study dreams come true, Harmoney is ready to help support you with an education loan.
New or used, when you’re ready to buy a new car Harmoney can sort you out with an online car loan.
Travel now, pay later with a holiday loan. Whether you’re caravanning or flying first class, we can help extend your holiday budget.
Combine your existing debts into a single loan and simplify your finances.
If your lifestyle could benefit from a home renovation, a Harmoney renovation loan can help make it happen more quickly.
Whatever expenses your small business has, cover them with a Harmoney business loan.
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.
Find out how a Harmoney wedding loan can bring your dream wedding to life.
We're real people and here if you need us
Terms and conditions
1. Subject to approval and funding. Harmoney’s interest rates range from 6.99% p.a. to 19.99% p.a. and are offered based on the individual borrower’s credit assessment according to Harmoney’s credit scorecard. In order to be approved and list your loan you must meet Harmoney’s credit criteria and responsible lending requirements. Fees, charges, terms and conditions apply. 99% of loan applications are funded within 24 hours of loans terms being accepted (based on loans submitted in 2018).
2. Establishment fee of $200 for loans from $2,000 to below $5,000 and $350 for loans from $5,000 to $70,000. Fixed rates range from 6.99% p.a. to 19.99% p.a. on 36 to 60 month terms, with no early repayment penalties.