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Personal loans

Home improvement loans

Stress-free renovation loans

Personalised rates from 6.99%¹

Won’t affect your credit score

Canstar winner 5 years in a row
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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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With no need for quotes from tradies, we can approve your home improvement loan quickly and get your renovation started.

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

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

What our customers say

5.0 Quick and easy, all from the comfort of home! Waikato, New Zealand
5.0 Fast and efficient, all from the comfort of my own home. , New Zealand
5.0 Refreshingly simple, and far easier and less stressful than going to the banks. One of their reps called me back in the morning to answer an enquiry I sent after-hours. My loan for renovations was approved very quickly, exactly as they said-the amount was in our account within 24 hours. I can see this being the way of the future, as the banks' inefficiency and slow responses keep them firmly in the past. Wellington, New Zealand
5.0 Harmoney is always there for us, the online transaction has a lot of improvement, easy to use Taupo, New Zealand
5.0 This is my first application for a loan outside of traditional banks. The website had all I needed to find out about Harmoney. From start to finish i found Harmoney informative and helpful in all email, messages and phone correspondence. I was surprised at how unintrusive and quick this process was. In 2 days I had the funds I needed to help complete building renovations on our family home. A very satisfied customer. , New Zealand
5.0 Excellent stress free could do it all from my home thank you Harmoney , New Zealand
5.0 Grest service with helpful and friendly staff on the phone which makes it so easy to process online without leaving home
Thank you team always appreciate your help and time
Kind regards
Auckland , New Zealand
5.0 In December 2016 my mother passed away, and being her only child I inherited the family home. I'd been trying to get a bank to lend me some money for approx 5 months since finalising the estate so that I can repair the house and get it ready to sell, but nobody would give me a break, until Harmoney. Thanks to Harmoney I can now finally get the house sold, put the stress of the estate behind me, and finally grieve for my mum properly. Thanks Harmoney, you've changed my life forever. n/a, New Zealand
5.0 Quick and easy loan application and VERY fast approval. Great when I need the cash fast - auctioning my house in 1 month!! And cost-effective with comparatively good rates, as well. Auckland, New Zealand
5.0 Excellent service- no forms to fill in when you have been a customer with Harmoney and I have applied for and have approved 2 loans with Harmoney.
Very easy to access all bank details to set up auto payment
This way of getting approved to borrow money is far better than going to a bank or finance office or filling out forms
An excellent way to build a good credit rating for later on
Excellent Service
Tauranga, New Zealand
5.0 It's great to be able to find funding online in the comfort of your home. I'm amazed at how fast my application was funded as I completed it very late yesterday afternoon. And now it is 100% funded and it's barely 11am the next day. Thanks everyone for a quick response to my loan application and thanks Harmoney for great service.
Kind Regards
Auckland, New Zealand
5.0 Harmoney has provided me with an opportunity to bring my dream to fruition of having a loving home that suits our family. Thank you New Zealand,
5.0 So, so easy. The online Harmoney loan application process took all the stress out of my situation, which was needing to pay for necessary home improvements. I was kept in touch every step of the way and I definitely recommend Harmoney. Auckland, New Zealand
5.0 Quick and easy, friendly and helpful customer service agents and the best thing was the convenience. I didn't even need to leave the house or spend hours on the phone trying to get through, they called me and were super helpful all the way. Loved the service, thank you , New Zealand
5.0 I needed just a small amount to complete some building work. I received a brochure in the mail and decided to give Harmoney a go. The online process was really easy and within a very short time, my loan was approved. Would certainly recommend Harmoney Auckland, New Zealand
5.0 the help I received was great and after watching the p2p video being able to apply online in my own home I was relaxed no pressure I will be spreading the word about Harmoney Wellington, New Zealand
5.0 Quick and easy without leaving the house. Customer services were helpful, no long waiting time on hold either. Helensville, New Zealand
5.0 I have found the whole process with Harmony simple and easy,I was comfortable at home applying online cheer BLISS. Auckland, New Zealand
5.0 Awesome! Very easy and I love the concept of peer to peer lending. This time I am a borrower but I will look to join Harmoney as an investor in the future. This lending has made it possible to finish some renovations to my property and add significant value. I would highly recommend Harmoney Canterbury, New Zealand
5.0 Harmoney are like a best friend, I have been doing reno's on my home for the past 2 years and Harmoney came to the party with Top Lending at fabulous interest rates. I am nearly at the end of home reno's thanks to Harmoney. I have topped up twice on my original Loan and it was done with ease. I highly recommend "Harmoney" with fast efficient Lending and a competitive interest rate. Thank you Harmoney !!! New Zealand,
5.0 Awesome way to borrow money and you get a very fast result! Looking forward to be able to renovate my first home & add value to it. Thanks Harmoney!!!!! , 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 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

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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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.

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

Common renovation loan questions

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Why use a personal loan instead of increasing the mortgage?

Low interest rates associated with mortgages can be tempting, but borrowers need to consider the loan term as well as the rate. Miscalculating can cost thousands of dollars in extra interest paid when a long-term loan is involved.

If you’re considering topping up your home loan to pay for renovations, read our post How extending your mortgage can hurt and why it can be more cost-effective to use a personal loan:

Will I need to put up my property or vehicle as security?

No. All Harmoney loans – including our home improvement loans – are unsecured, so you won’t need to put up collateral for your loan.

Can I use a home improvements loan for DIY projects?

Yes, a home improvement loan is well suited to the home handyperson and DIY projects. You can use your renovation loan to buy materials, purchase or hire tools or hire tradies and other professionals such as an electrician, plumber, engineer or architect. It’s up to you how you want to bring your vision to life, and a renovation loan can help to make that happen.

What can I use a home improvements loan for?

The options are as varied as your creative vision. Whether you want to renovate the kitchen or bathroom, add a new room onto the house or improve your outdoor area with landscaping, paving, a new pool, shed or garage – if you have the vision, we’d love to help you bring it to life.

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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Enter the car yard armed with cash and get the new or used vehicle you deserve.

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Dreaming of a holiday? Stop dreaming and start planning with a holiday loan.

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Grow your business with a personalised business loan from Harmoney.

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Keep in control of planning your big day with an online wedding loan from Harmoney.

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When you’re recovering from a hospital visit the last thing you should worry about is money. Get help with medical expenses including hospital fees, and rehabilitation and living expenses with a medical loan.

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Whether you’re upgrading, downsizing or getting ready to sell, a renovation loan can give you the means to achieve your home improvement goals.

Find out more

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 2020).

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.

3. To apply in New Zealand you need to be 18 years or older, be a Permanent resident or New Zealand citizen, be earning a stable income and have a valid New Zealand Passport or Drivers License.