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Personal loans Home improvements

Home improvement loans

Start turning your house into a home.

Won’t affect your credit score

Canstar's most awarded Personal Loan (ever)
CANSTAR 2015 2022 Outstanding Value Personal Loan OL
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Finance your home renovation with less worry

Get a renovation loan up to $70K and bring your vision to life.

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Get your home improvements loan approved online and start turning your renovation dreams into reality.

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With no need for quotes from tradies, we can approve your home improvement loan quickly and get your renovation started.

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At Harmoney, our home improvement loans are unsecured so you don’t put your assets at risk.

What our customers say

5.0 The customer service team kept asking for the property title document , when I explained the house was free hold they had no idea what this meant and sill requested the title document, I had the same problem the last time I applied for a loan I asked to speak to someone in the credit department and automatically received my loan quote. new zealand
5.0 we finally made it after a few hiccups. thanks again a very happy daughter in my house today new zealand
5.0 Fast and very easy to process request online. Very convenient. Thank you for your help to complete our house project. new zealand
5.0 Efficient Service all round. Always our go to place when we’ve needed the financial help on our home renovations and household needs. new zealand
5.0 Easy and time to wait and confirm costs for renovation new zealand
5.0 Once again you have helped me out with now my home repairs/ renovations and replied quockly new zealand
5.0 Wow - Harmoney you have made a hard request for me so easy. I’ll be able replan and start saving for buying a home now. Thank you new zealand
5.0 Thankyou for giving me the opportunity to undergo much needed renovations on my house. Very appreciative. new zealand
5.0 Fast response to my application. Only improvement is when offering a lower interest rate to automatically update the dashboard rather than waiting for customers confirming and just send an email to customer to advise. Understandable if interest increasing to seek acceptance but decrease should be automatic, what customer wouldn’t want a lower interest rate. new zealand
5.0 Very fast. Friendly and answers all my questions going forward on raising loan the website provides all the info. Thankyou I can start on home renovations now. new zealand
5.0 Thank you so much, Harmoney; you helped us out of a tight spot when we got an unexpected house repair. Highly recommend Harmoney new zealand
5.0 I've ran out of $$ while still on my vacation!!! Need some to tie me over till I return home.

Hopefully, this will come through soon. But the process was less stressful.

Thanks Harmoney
new zealand
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 Thanks for the quick but thorough process with the result being a favourable outcome for our renovation plan. new zealand
5.0 Thank you so much. We are able to purchase the items for our house now. Fast, Effective and Efficient!. I love it! new zealand

100% online renovation loan

1. Get to know you

We just need a few personal financial details and some information on what you need for your home improvement plans.

2. Get your quote

We’ll send you a personalised quote containing your loan term, interest rate and repayment plan for your approval.

3. Get your money

Once we get the go-ahead from you, we’ll collect some final details and should have your approved loan to you within 24 hours.

What we offer

$2K - $70K

Loan limits
3, 5 or 7 years

Loan terms

Establishment fee

Early repayment fee
  • You can get a 3, 5 or 7 year loan term¹
  • Secured fixed rates from 9.89%* p.a to 21.49% p.a.
  • Unsecured fixed rates from 9.99% p.a. to 24.99% p.a.²
  • Establishment fee of $150
  • You can repay weekly, fortnightly or monthly
  • Your rate is fixed for the life of the loan

* If you take out a secured loan and don’t meet the security conditions within 60 days of the loan advance, the loan will revert to unsecured and the interest rate will change to a higher unsecured interest rate.

Home improvement loans customised to your needs

With a renovation loan from Harmoney you are one step closer to achieving your home improvement goals.

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Your fair, personalised interest rate will be calculated based on your individual credit assessment.

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Most loans are fully funded within 24 hours of approval, meaning you can get to work almost immediately.

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100% ONLINE – 24/7

Complete your application online anytime and be done in minutes.

Common renovation loan questions

View more
Quick renovation loan estimate

Get an estimate of rates and repayments on your home renovation loan with our quick personal loan calculator.

About home improvement and renovation loans

Whether you’re looking to update your kitchen, add value to your property or landscape your garden, a renovation loan can help you achieve your goals sooner. Here are some things you need to consider before applying for a loan.

What is a home improvement and renovation loan?

A home improvement and renovation loan is a type of personal loan which you can use to finance home improvement projects, whether it’s DIY or a large-scale professional operation.

Common reasons people take out renovation loans include kitchen renovations, home repairs, putting in swimming pools, bathrooms renovations and solar panel and water tank installations.

What types of home improvement loans are available?

Unsecured personal loans

An unsecured personal loan does not require you to offer up an asset as security, which means your home, car and other assets are not collateral when you take out this type of loan.

All Harmoney loans are unsecured.

Secured personal loans

Secured personal loans require an asset to be put forward as security to guarantee the loan. In the case of a renovation loan this could be the house itself or another asset like a vehicle. If the loan is defaulted, the asset is repossessed by the loan company.

Harmoney does not offer secured personal loans.

Mortgage finance

Homeowners are often tempted to borrow extra money on their mortgage to finance renovations. While it may seem cost effective to use the low-interest rate mortgage, the savings are often negated by the far longer term of the loan when compared with a short-term personal loan.

For more information read our article on comparing interest cost and interest rate.

Things to consider about home improvement loans

What repayments can you afford?

Before applying for your home improvement loan, take a moment to consider the repayments and decide how much you can realistically afford to pay per month. As reputable lenders, Harmoney assesses your finances and takes the utmost care to ensure you can afford to repay your loan.

You can use our free personal loan calculator to get an idea of how your repayments will look to help with budgeting and planning your renovation project.

How flexible is the loan?

Harmoney loans have either three-year or five-year terms, and we know a lot can change in that time. Unlike other lenders we do not charge extra fees for paying back your loan early, so if you are able to free yourself from debt sooner than you at first thought we think that’s great.

Paying back your loan early reduces the overall cost of your renovation loan as you avoid accruing extra interest.

How much do you need to borrow?

We encourage you to consider your budget carefully before applying for a home improvement loan, as borrowing too much or too little can make things harder for you. Borrowing more money than you need means paying extra interest, while not borrowing enough money can leave you unable to finance your renovation properly.

If you require extra money, you may be eligible to take advantage of a top-up loan, which will allow you to borrow more money on top of your current loan. You’ll need to have been making regular payments on your loan for at least six months and have maintained good credit. Our team can discuss your top-up options with you.

Kick off your renovation project today

Whatever your renovation project is, we can help make it happen.

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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.Loan terms subject to availability.

2. Subject to approval. 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 you must meet Harmoney’s credit criteria and responsible lending requirements. Fees, charges, terms and conditions apply.