# Harmoney Home Improvements — New Zealand

Start your renovation

The kitchen needs updating, the bathroom is overdue, or you have been putting off repairs that are only getting more expensive. Accessing your home equity through a mortgage top-up takes weeks, requires a property valuation, and ties the debt to your house for decades.

A separate, fixed-rate loan that covers the renovation without touching your mortgage. You know exactly what it costs, when it ends, and you can pay it off early with no penalties.

A Harmoney personal loan gives you $5,000 to $100,000 for renovations, repairs, landscaping, solar, or any home project — without the complexity of refinancing your mortgage. The loan is unsecured, so there is no property valuation, no equity requirement, and no risk to your home. Your rate is fixed, your repayments are fixed, and 93% of approved loans are paid out within 24 hours. Subject to responsible lending inquiries.

Typical amount for this purpose: $5,000 – $100,000 — guidance, not a product limit; the loan amount range below applies.

## How to finance your renovation

- Check your rate: Answer a few questions and see a personalised rate in as little as 2 minutes. No property valuation. No equity check. This is a soft inquiry — it will not affect your credit score.
- Choose your amount and term: Borrow $5,000 to $100,000 over 3, 5, or 7 years. See your repayments weekly, fortnightly, or monthly before you commit.
- Get funded and start the project: Once approved, 93% of approved loans are paid out within 24 hours. Subject to responsible lending inquiries. The money goes to your nominated account — use it however you need.
- Fixed repayments until it is done: One fixed repayment, separate from your mortgage. Pay it off early any time with $0 exit fees.

## Planning your renovation budget

**Get at least three quotes.** For any job over $5,000, get written quotes from at least three licensed tradespeople. Compare scope, timeline, and inclusions — the lowest quote is not always the best value.

**Add a 10-15% contingency.** Renovations almost always uncover unexpected costs, especially in older homes. Build a buffer into your loan amount so you do not run short mid-project.

**Prioritise structural over cosmetic.** Fixing a leaking roof, replacing old wiring, or addressing drainage issues adds more long-term value than cosmetic upgrades. Do the essentials first.

**Personal loan vs mortgage top-up.** A personal loan is faster to arrange than a mortgage top-up (which can take weeks), does not require a property valuation, and keeps the debt separate from your home. A mortgage top-up may offer a lower rate but ties the renovation cost to your property for the life of the mortgage. For projects under $100,000, a personal loan is often the simpler option.

**Check if you need council approval.** Building permits, development applications, and heritage overlays can add weeks to your timeline. Check with your local council before committing to a start date.

## Personal Loan (unsecured)

- Interest rate: 7.99% p.a. – 24.99% p.a. (fixed)
- Loan amount: $2,000 – $100,000 (increments of $100)
- Terms: 3, 5 and 7 year
- Repayments: weekly, fortnightly and monthly
- Establishment fee: $150
- No monthly fees, no early-repayment fee.

### Important information

Harmoney Services Limited (FSP593769). Dispute resolution: Financial Services Complaints Limited (FSCL) – a Financial Ombudsman Service, membership 5288.


The rate offered depends on your individual credit assessment. Fees, charges, terms and conditions apply.