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Personal 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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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 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 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 Harmoney offer a fantastic service!! , New Zealand
5.0 Fantastic to deal with. We love the whole Harmoney experience. Thank you, Harmoney. ♥ , 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 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 The team is fantastic and very helpful. Waikanae, New Zealand
5.0 Thank you Harmony company, You have a fantastic service. Auckland, New Zealand
5.0 Absolutely fantastic! :) Auckland , New Zealand
5.0 Fantastic fast friendly service .. Thankyou. Interest rate a tad high..But other wise very happy , New Zealand
5.0 Fantastic service quick easy process , New Zealand
5.0 Absolutely fantastic application process - simple, seamless, easy to follow and super fast. My application and approval commenced at 10.19am and funds were in my account by COB - you can't get better service than that. Keep up the excellent service Harmoney Team - well done! Wellington, New Zealand
5.0 So easy! Just fantastic. Thank you. Auckland , New Zealand
5.0 Very easy and quick. Constant communication which was fantastic. , New Zealand
5.0 fantastic, friendly staff and very help full Thumbs up to Mitch. Taupo, New Zealand
5.0 Fantastic! So Easy and Hassle free. Great support and follow up! Bay Of Plenty, New Zealand
5.0 Fantastic User Experience. The online processing has a friendly "tone" and let's us know exactly what is happening. Well thought out software:-) Loan came through within 24 hours and I fully support peer 2 peer schemes as it bypasses big banks. Waikato, New Zealand
5.0 fast and quick, fantastic Auckland, New Zealand
5.0 Fast and easy, No hassle with friendly service team. Awesome customer service. Fantastic customer service. Auckland , New Zealand
5.0 What a fantastic experience, asked for a top up to my current loan and was accepted and processed within 24 hours, puts banks to shame Wairarapa, New Zealand
5.0 Very quick easy application. Fantastic service! I would highly recommend Harmoney & cannot express how thankful & grateful I am & what a difference this is going to be to my life. Auckland, New Zealand
5.0 Fantastic service Auckland , New Zealand
5.0 The best lending platform I have had the pleasure to use. The Harmoney team were fantastic (Mere and Selai) helping me that had a great outcome. Thankyou for making it so quick and painless. Definitely feeling a lot less stressed now. Highly recommended to anyone. Auckland, New Zealand
5.0 Simply Fantastic, Thank you , New Zealand
5.0 Fantastic service as always. Otago, New Zealand
5.0 Great, easy to use website. Very clear and fantastic with no popups etc. Thank you so much to all the lenders. Love that we get to help others in return for them helping us. Northland, New Zealand
5.0 Quick and easy - fantastic service Bay Of Plenty, New Zealand
5.0 Fantastic.. Fast & easy online process! , New Zealand
5.0 fantastic experience quick & so easy Gisborne , New Zealand
5.0 fantastic service, unbelievable, Quick and fast service, would recommend this to anyone. canterbury, New Zealand
5.0 Fantastic platform and well designed. Great response time and efficient service. Auckland , New Zealand
5.0 Fantastic service - cannot fault it! Canterbury, New Zealand
5.0 Fantastic Contact, Fast and no fuss. It was disappointing I couldn't receive the lower interest rate but i found it fair. Otago, New Zealand
5.0 A fantastic service and I am one very appreciative customer. Funds came through within twenty four hours and a service that really helps/ provides for those who are in desperate need at times like myself and I highly recommend, so thank you again. Auckland, New Zealand
5.0 I found the staff in the call centre at Harmoney fantastic, literally held my hand and walked me through the whole process - top marks for customer service and focus Hawke's Bay, New Zealand
5.0 fantastic service. Everything is done online and they even check your bank acc statements so u don't have to download and send them off like before Bop, New Zealand
5.0 Fantastic Waikato, New Zealand
5.0 Fantastic service and was amazed at how quick it happened. , New Zealand
5.0 Fantastic service & excellent online applying. All information before going ahead was very well written out to check before applying. Auckland , New Zealand
5.0 Fast and efficient system. Fantastic communication at every step. Prompt assistance to any issues, with communication until resolved.

Auckland, New Zealand
5.0 The process is quite easy to follow.The communication from Harmoney through each process was fantastic and help was offered every step of the way. I can't speak highly enough of this company. Canterbury, New Zealand
5.0 I found Harmoney very helpful. Helen helped me throughout my application with best customer service. Absolutely took my stress off sleepless nights. Many many Thank you for all the help in most difficult time of my life. Helen T has been extremely helpful. She has fantastic customer care skills. I never felt any difficulty with her. Very friendly and easy to talk. I very very happy. Once again a big Thank you to Helen T and whole team in Harmoney. Kind regards Namoshni Nair Christchurch , New Zealand
5.0 The online application is easy and straight forward, you get a reply back fast, very fast. Harmoney loans is fantastic, I will start investing with them. Auckland, New Zealand
5.0 absolutely fantastic thank you Balclutha, New Zealand
5.0 Fantastic to work with so easy and stress free will only use them from now on , New zealand
5.0 Its been fantastic. Helen was very clear in explaining any questions I had. It was awesome knowing that they said and did the things I asked. Thank You Christchurch, New Zealand
5.0 Absolutely Fantastic.Great customer service as well.Was pleased someone rang me back to follow up prior to getting loan approved.Will definitely be using Harmoney in the future.
, New Zealand
5.0 Fantastic service and very friendly people. The lady I spoke with, could not do enough for me. Rather than go to the banks I will be using this service from now on. Canterbury, New Zealand
5.0 The process was so fast & easy. Fantastic - thank you very much! Auckland , New Zealand
5.0 Fantastic service Canterbury, New Zealand
5.0 The web pages are a little confusing but service is fantastic. Such a quick, hassle free turn around for the application. , New Zealand
5.0 Fantastic , New Zealand
5.0 Great, Avie was excellent. Because I am technically challenged, he was very patient talking me through uploading and scanning. Thank you Avie, for your kindness and patience. Fantastic communication and very friendly. Waikato, New Zealand
5.0 fantastic service and help when needed wellington, new zealand
5.0 Almost like dealing with someone in person, website and instructions easy to navigate!
The whole experience doing this online was fantastic!!!
Hassle free, no phone calls, no faxing paper back and forth!
The name "Harmoney" fits well....
, New Zealand
5.0 Super fast and fantastic service once my 'technology-challenged' brain kicked in!!! Thanks Olinda for your infinite patience and all your help ☺ Wellington , New Zealand
5.0 Wow! I got a pamphlet in the post about Harmoney.co.nz, and did a bit of research and couldn't find anything bad about them. So I went ahead and tried the online application. 3 days later and everything is wrapped up nice and neat, the money is in our account, I thought the cost and interest were reasonably competitive given the ease and convenience, the direct debit is setup to replay the loan, and I didn't have to move from my lounge. Harmoney, FANTASTIC PROFESSIONAL SERVICE!!! , New Zealand
5.0 Fantastic service very easy to apply and money was in my account overnight , New Zealand
5.0 cant wait to consolidate all my debt to one payment going to be fantastic.. New Zealand, North island
5.0 Its fantastic that everything can be completed online! Auckland, New Zealand
5.0 Quick, Easy, Efficient and seamless. I encountered a problem with the online application (don't know if it was me, my computer or the website) but one phone call to Harmoney and took less than 5 minutes to correct and once the application was completed, the money was in my account the next day - fantastic!!! wellington, 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
$200 or $450

Establishment fee

Early repayment fee
  • Interest rates from 6.99% p.a.24.69% p.a.¹
  • Establishment fee of $200 for loans under $5,000²
  • Establishment fee of $450 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

Find out more about our rates and fees

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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We’re different from other lenders. If you are able to pay your loan early, we won’t charge you for it.

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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.

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 range from 6.99% p.a. to 24.69% 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 $450 for loans from $5,000 to $70,000. Fixed rates range from 6.99% p.a. to 24.69% p.a. on 36 to 60 month terms, with no early repayment penalties.