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Personal loans Education loans

Education loans

Invest in your future

Personalised rates from 6.99%¹


Won’t affect your credit score

Canstar winner 5 years in a row
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Take control of your education

Focus on your future and leave the finances to us with a Harmoney education expenses loan.

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NO DELAYS

With most education expenses loans funded within 24 hours, you can start creating your own opportunities tomorrow.

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NO SURPRISES

Stay in control by knowing in advance how much you can borrow and what your interest and repayments will look like.

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REDUCE RISK

At Harmoney, our loans are unsecured which means you don’t need to provide an asset as collateral.

What our customers say

5.0 Fantastic efficient service New Zealand
5.0 fantastic New Zealand
5.0 Absolutely fantastic company New Zealand
5.0 Thank you to everyone involved, fantastic service and will help hopefully save my sisters life New Zealand
5.0 Fantastic service! I have been using Harmoney for over 5 years now! New Zealand
5.0 Easy and fantastic service New Zealand
5.0 Super fast process and fantastic help for the customer service team. Amazing New Zealand
5.0 Fantastic service & ease of application New Zealand
5.0 Wow what a fantastic non-embarrassing way to apply for funds! New Zealand
5.0 Fantastic service and communication New Zealand
5.0 Fantastic to deal with New Zealand
5.0 What a fantastic institution. Harmoney, you are the best! New Zealand
5.0 Fantastic indeed,
Harmony you have made this very simple and easy for me to understand.
No hick ups what so ever.
Fantastic customer service.
Complete professionalism.
Thanks Harmony.
Northland , New Zealand
5.0 So easy! A fantastic service. New Zealand
5.0 Fantastic service Lepani Waqavakatonga. !!!!! New Zealand
5.0 Always so easy. Harmoney real cares about people and making it easy to help you get what you need. Fantastic service and follow up New Zealand
5.0 Fantastic and easy service New Zealand
5.0 Customer service was fantastic and helpful in directing customers. Keep up the good work. New Zealand
5.0 Fantastic service Mitch New Zealand
5.0 Fantastic! So easy! New Zealand
5.0 The customer service and speed was fantastic! Highly recommended Harmony! New Zealand
5.0 fantastic New Zealand
5.0 The service was fantastic. New Zealand
5.0 Customer service was fantastic. I had issues with the online form not loading but Mitch, Josefa and Mel were really helpful New Zealand
5.0 Mitch has been FANTASTIC!! New Zealand
5.0 Fantastic service! Highly recommend! New Zealand
5.0 Fantastic people to deal with
Thank you so much for all your help
New Zealand
5.0 Fantastic service. Thank you New Zealand
5.0 Fantastic. Easy and fast New Zealand
5.0 fantastic New Zealand
5.0 Fantastic service New Zealand
5.0 Fantastic and easy. New Zealand
5.0 Fantastic Service New Zealand
5.0 Fantastic service, great team to deal with. New Zealand
5.0 Very easy application process. Customer service is fantastic. Funds appear in your bank account much faster than advised. That's why I am a repeat customer. New Zealand
5.0 Fantastic customer service and easy to use New Zealand
5.0 Fantastic service. Thanks for making debt consolidation so easy. I would highly recommend this service New Zealand
5.0 Fantastic, very easy with no stress New Zealand
5.0 Extremely fast, easy and just all around fantastic New Zealand
5.0 Fantastic service, quick and easy process New Zealand
5.0 Completely amazed to be honest (at the speed and ease of the loan process here). Stunned actually. Speechless.

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
5.0 This service is fantastic, so easy and quick. New Zealand
5.0 Fantastic, easy New Zealand
5.0 George who rang was fantastic, the whole process was so easy. New Zealand
5.0 The ease and help from the staff is fantastic. New Zealand
5.0 Fantastic service New Zealand
5.0 Fantastic, quick service New Zealand
5.0 Great help! Fantastic harmony and speed respond! I did not get all that I asked for but it is a great help! Many thanks! Yours sincerely :-)! Faye New Zealand
5.0 Fantastic New Zealand
5.0 Fantastic service and help with information New Zealand
5.0 Fantastic, so fast and easy to complete, awesome thankyou. New Zealand
5.0 The website has a fantastic set up. Very easy to understand and navigate which helps with the experience New Zealand
5.0 fantastic service New Zealand
5.0 Fantastic service New Zealand
5.0 Fantastic and fast response. Very easy site to use New Zealand
5.0 Fantastic service, stress free experience New Zealand
5.0 Fast and affordable
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
5.0 Fantastic easy to do, & helpful tips too. New Zealand
5.0 Fantastic service, fantastic interest rate - love Harmoney New Zealand
5.0 Fantastic service New Zealand
5.0 Harmoney offer a fantastic service!! , New Zealand
5.0 Thank you for fantastic service yet again. New Zealand
5.0 Fantastic service New Zealand
5.0 Fantastic! Great company and they make everting so easy for you. Would definitely recommend to others New Zealand
5.0 Fantastic to deal with. We love the whole Harmoney experience. Thank you, Harmoney. ♥ , New Zealand
5.0 Always fantastic New Zealand
5.0 Very smooth and easy, Joey did a fantastic job to help when I was a little stuck. New Zealand
5.0 super fantastic on the customer service New Zealand
5.0 Easy fast way to borrow. Fantastic! New Zealand
5.0 Fantastic work harmony. You wasted no time and I will recommend you anytime. Fast and easy no hidden agenda thank you New Zealand
5.0 Fantastic and easy to use service New Zealand
5.0 Fantastic website and process New Zealand
5.0 Fantastic New Zealand
5.0 Fast and fantastic New Zealand
5.0 This time has been easy and simple. :-) 3/4/5 years ago things were way more complicated and difficult. This is fantastic. ( regardless of whether I get approved or not! :-)) New Zealand
5.0 Fantastic New Zealand
5.0 Fantastic and Quick Service! Thank you :) New Zealand
5.0 Fantastic service New Zealand
5.0 Fantastic! Fast, easy and great rates. New Zealand
5.0 Fantastic fast painless New Zealand
5.0 Fantastic, easy and fast New Zealand
5.0 Fantastic service! New Zealand
5.0 Fantastic New Zealand
5.0 Harmoney has always been great since day one. So easy to use and understand. Being able to apply and be approved online is fantastic and application process and dashboard is very user friendly New Zealand
5.0 Fantastic service. Thank you New Zealand
5.0 Fantastic. I am more determined to pay off my debt faster due to instant approval. So Thank you, Thank you & Thank you. Auckland, New Zealand
5.0 As usual fantastic service so easy and quick! New Zealand
5.0 Fantastic and very helpful New Zealand
5.0 Awesome friendly service and very polite and professional. The person who initiated the loan for me was fantastic on the phone, he was very knowledgeable and pleasant. Well done!! Waikato, New Zealand
5.0 Fantastic! New Zealand
5.0 The team is fantastic and very helpful. Waikanae, New Zealand
5.0 Fantastic and easy! New Zealand
5.0 Fantastic quick and easy New Zealand
5.0 Fantastic and easy process. New Zealand
5.0 Fantastic New Zealand
5.0 Fantastic service very professional and really easy to deal with New Zealand
5.0 Fantastic fast and dropped my interest rates New Zealand
5.0 Thank you Harmony company, You have a fantastic service. Auckland, New Zealand
5.0 Always a simple and fast process, fantastic New Zealand
5.0 Harmoney platform is fantastic to use. 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 or 5 years

Loan terms
$150

Establishment fee
$0

Early repayment fee
  • Interest rates from 6.99% p.a.19.99% p.a.¹
  • Establishment fee of $150²
  • 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.

Common education loan questions

View more
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.

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PERSONALISED RATE

A fair, personalised credit rate is created for you based on your personal credit assessment.

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100% ONLINE - 24/7

No meetings, no interviews, no need to leave the house. Every step can be completed online.

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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

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CAR LOANS

New or used, when you’re ready to buy a new car Harmoney can sort you out with an online car loan.

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EDUCATION COSTS

If you’re ready to make your study dreams come true, Harmoney is ready to help support you with an education loan.

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DEBT CONSOLIDATION

Combine your existing debts into a single loan and simplify your finances.

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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.

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BUSINESS LOANS

Whatever expenses your small business has, cover them with a Harmoney business loan.

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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.

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RENOVATION LOANS

If your lifestyle could benefit from a home renovation, a Harmoney renovation loan can help make it happen more quickly.

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WEDDING LOANS

Find out how a Harmoney wedding loan can bring your dream wedding to life.

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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.

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Terms and conditions

1. Subject to approval and funding. 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 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 loan terms being accepted (based on loans submitted in 2018).

2. Establishment fee of $150 for loans from $2,000 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.