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Personal loans Home improvements

Home improvement loans

Start your home reno.

Fixed 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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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 Thank you so much. We are able to purchase the items for our house now. Fast, Effective and Efficient!. I love it! new zealand
5.0 Nice & easy, didn't feel embrasssed about applying as all done in the comfort of my home. Didn't have to explain why I needed to do what I did which was a relief. , new zealand
5.0 Extremely grateful to Harmoney staff and lenders. I feel important, valued, and worth the investment for my home improvements.
Thank you very, very much for being so kind.
new zealand
5.0 Great to be able to consolidate debt so easily (due to my high credit score rating), all of it done online. This is the 3rd time I have done this and it seems to get easier each time as I get more experienced at filling out all the information required.

Repayment schedule is more than reasonable and I'll have plenty of opportunity to pay back the full loan with my house due to be sold at the end of 2023. This debt consolidation will give me more opportunities for home improvements before I sell so I am really likely to make back all my money (including interest repayments) long term. It's certainly one of the safest financial decisions I have made in my 40 years of banking etc.. (i.e. I am 60 years old)

Additional Comments (post-loan completion)
Thanks hugely for funding my most recent loan consolidation. There are lots of reasons why I did this through Harmoney:

Firstly, I was able to borrow money from Harmoney that I could not get from my bank even though my credit rating was 1000. I can understand their cautious approach as an owner/occupier but their approach didn't benefit me. The reality is that I'll be selling my home in 2.5 years anyway and I needed to take some calculated risks financially to do that anyway. The term of my loan with Harmoney is 5 years so it's going to be pretty satisfying to pay all the money back - $40 000 at the beginning of 2024.

Secondly,the ease with which all of this can be done online. True, I am a digital technology teacher and therefore familiar with dealing with most of the questions but what I was not prepared for was the speed of the whole process.It's quite sobering how fast credit checks and bank accounts can be completed when done with digital technologies

Thirdly, I quite liked the fact that I didn't have to front up to a bank mortgage broker face-to-face as it's a lot of avoidable emotional energy that I don't want to spend there (and it's never pleasant getting a 'no' to both parties).

Fourthly, if my application failed here with Harmoney, few would know - my bank would be none the wiser anyway - but the same learning would still have taken place for me which in turn would have helped me set new goals anyway, financial and otherwise.

I'm still not close to my financial goals for my lifetime but I'm still a lot further ahead than most my age in planning and providing for my retirement. Investing in my ChCh house will certainly help bring it up to a better standard when I'll be selling it in 2.5 years (Christmas 2023)

Thanks again for financing this and I am quite sincere in this. The reality is that no bank would have advanced this money for me and you are the best of all the NZ lenders that I have dealt with in my time as an almost 60 year old.

Canterbury, New Zealand
5.0 Never easier to consolidate loans in the comfort of your home with no phone calls. new zealand
5.0 Thank you mum will be so happy with her renovations New Zealand
5.0 Impressive. I've used your lending services before and it really has been as very smooth indeed.

I guess I felt a little frustrated that I was not able to include the $640 that I was earning each week through tenancies at the (one) house I own (that's an additional income of $33280 before tax). I gave it several attempts through your portal but just couldn't seem to do it. In the end I gave up and just crossed my fingers that my current income (teacher's salary) was going to be enough to get me over the line - and it was!

Phew; a really amazing feeling tbh
New Zealand
5.0 Thank you Harmoney, this was a stress free and also hassle free especially if you work fulltime. Will definitely use this again at times of need. I am able to move into my new home without that added stress!! Highly recommend!! New Zealand
5.0 Thank you absolutely appreciate what Harmoney has given me now I can renovate my homes to increase valuation thank you so much... New Zealand
5.0 Harmoney is really easy to deal with and we appreciate the progress we're able to make on our home renovations with no fuss. The staff are super friendly and helpful too. Many thanks. New Zealand
5.0 Excellent process and your interest rates are very competitive, I would definitely relook at using your services in the future for further consolidations and house renovations. New Zealand
5.0 love the speed now we can our renovations quickly and cheaper products with cash to hand! New Zealand
5.0 Very simple easy way to access funds for house renovations. New Zealand
5.0 Hi Guys, we originally borrowed the money off you guys to renovate our house which has by the way come up absolutely amazing. We are using this money to finish the final room in the house - the laundry.
Your customer service is absolutely amazing. Really appreciate everything. Thanks
New Zealand
5.0 I would have to say it’s been the most stress free thing I have ever done. Face to face can be so horrible depending on the person you are dealing with. You will help my son buy his first house in Wellington!!!! Thank you from the bottom of my heart. New Zealand
5.0 Was a bit more information but understand the reasons and happy that it was approved so I can finsih the renovations New Zealand
5.0 Amazing - easy to follow. Nice to be able to apply from home through business hours. New Zealand
5.0 Wow amazing service. So fast and efficient. Now I can bid for my new home. Thank you so much. New Zealand
5.0 was easy to do but my computer was slow. Very friendly staff to help and I did appreciate them. Now I can get on and do my updates on the house Yah New Zealand
5.0 So easy and dont have to leave the house New Zealand
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 Really impressed at the improvements you have made, much more intuitive than last time I applied. Thanks New Zealand
5.0 It has been straight forward, quick and quite easy and being able to do it from my own home and not have to go to an office is so much easier. New Zealand
5.0 Love how easy Harmoney make the process of borrowing from the comfort of our home 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 Harmoney are extremely easy and quick to deal with. They have helped us over the years turn our old worn out counrty house into a warm near new home with the renovations we have been able to do with the help of harmoney. You guys Rock!! :) New Zealand
5.0 This is an excellent lending medium. So easy to use and from the comfort of our home. New Zealand
5.0 Wow what an awesome and quick service without leaving the comfort of your home
A peace of mind experience as always thank you Team
New Zealand
5.0 Always exceptional. I have used Harmoney for House Renovations, a near new car and debt consolidation. The convenience and speed is unmatched. New Zealand
5.0 Quick ,easy, simple and hassle-free from the comfort from our home. 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 Thank you Harmoney, The loan application was very smooth and simple without having to leave home. Customer Service was great. New Zealand
5.0 I have enjoyed harmoney. They have bee easy to deal with. And have helped my projects on my house 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 Its quick, easy, very helpful and builds a great credit score A+ New Zealand
5.0 I like the improvements in the online application process New Zealand
5.0 It has been a definite improvement on the orignal application. I received a phone call from one of the team who advised me of a great offer for a loan @ a reasonable interest rate.. Fast reponse cheers team harmoney New Zealand
5.0 Fast and easy to use, from the comfort of home! New Zealand
5.0 very fast service .. very happy with quick approval and able to apply from home in privacy New Zealand
5.0 easy to use service all at the comfort of your home. Highly recommended! New Zealand
5.0 How great this is. Im actually quite sick right now and was worried I had to go here there and everywhere, but to have this awesome "Just do it at home" type loan is so amazing and will definitely spread the word. Thanx once again....From a real happy customer :-) New Zealand
5.0 Good way to get money to do your homes up New Zealand
5.0 great appling with harmoney ,its a great team to work with,who understood our need and helped us get the blinds and rent this house asap,tks New Zealand
5.0 Harmoney -The way all those with a good credit rating should be able to borrow money. Good business, built on trust -& due diligence.
A very easy process. Thanks Harmoney.
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 This was lovely and easy to be in my own home on the computer rather than have to find time as I am a shift worker. Great fast response not having to wait days for an answer. Well done Harmoney 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 We have done a lot with the money including renovations and especially to our foster childs room he loves it New Zealand
5.0 My loan gave me a holiday of a lifetime and family time. Now I can top up finish our house and invest for the future - easier than through the banks, thank you so much 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 This was a very simple loan application I completed from home with all information on hand and all my questions answered by reading the FAQ's page. A low application fee and the ability to repay the loan faster without extra cost is excellent value. New Zealand
5.0 Thanks Harmoney - Great service and no hassle loans. All the more helpful now with LVR @40% means I don't need to spend $2000+ on valuations for my bank for home loans of similar borrowing as here, although lower interest the additional expenses (valuations) negates the benefit of borrowing from bank! - especially vs the speed and ease of Harmoney borrowing. Thanks, Adam 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 Easy to follow application, great how it can be done online from home. 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

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

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

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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.

Types of personal loans

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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.

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

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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).