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Personal loans Education loans

Education loans

Start growing your career.

Fixed personalised interest rates from 6.99% p.a. to 19.99% p.a. (plus an establishment fee of $150).¹

Won’t affect your credit score

Canstar winner 7 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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With most education expenses loans funded within 24 hours, you can start creating your own opportunities tomorrow.

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

What our customers say

5.0 Always been absolutely fantastic service. No issues. No hang ups. You pay your instalments and build your credit rating and Harmoney will be there in the times you need them. new zealand
5.0 Fantastic service. Never been happier new zealand
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5.0 Fantastic service and lovely people to deal with. Always easy dealing with this company. , new zealand
5.0 Fantastic and easy as usual. Great service and easy to use online service. new zealand
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5.0 Absolutely fantastic, took me about 10mins and loan was accepted, great fast service highly recommend new zealand
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5.0 Thank you so much Harmoney you have been there for us when ever we’ve need you. Your staff is also fantastic to work with.
No and Trace Harrison
new zealand
5.0 Fantastic Service! new zealand
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5.0 So fast and easy and a fantastic interest rate thank you so much Harmoney!! new zealand
5.0 Fantastic.
You people are exceptional and I thank you once again.
All the best.
Regards Judith
Please contact me for feed back.
As you are not accepting my email address.
new zealand
5.0 fantastic service - even after i made a mistake when i applied for the amount new zealand
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5.0 Thank you, so quick, easy and I understood terms with ease. A fantastic experience. new zealand
5.0 Fantastic and easy service on website and emails are always sent through. Will lend if your company for life. Number 1 lending in my eyes. Thank you very much new zealand
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5.0 Easy to organise, polite telephone manner, friendly and it was a great experience.

The process wasn't drawn out, helpful staff made it great and could answer any questions I had.

Fast approval fantastic service
Mamaku, new zealand
5.0 Fantastic service, fast and hassle free new zealand
5.0 Fantastic service , new zealand
5.0 Again fantastic! So easy to use and answers in minutes at the comfort of my own computer without having to explain every detail of your statements! new zealand
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5.0 Fantastic! Fast and hassle free. Auckland, New Zealand
5.0 thank you fantastic service received - really friendly and helpful and assisted with ease Northland, New Zealand
5.0 Very fast. Nice and easy. Been a customer for a number of years now, after clearing some of the principle, getting top ups is fantastic.. nothing much changes regarding my payments, and i get the extra funds when i need them. Thanks Harmoney New Zealand
5.0 So quick and easy! It’s a fantastic service! New Zealand
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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
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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
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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
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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
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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
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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

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

Establishment fee

Early repayment fee
  • Fixed interest rates from 6.99% p.a. to 19.99% p.a.¹
  • Establishment fee of $150
  • 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

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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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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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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.

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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 2021).