Interest rates
From 7.99%¹
We assess your financial situation and assign you a rate, so you pay based on your individual circumstances, not everyone else's. Learn more about how interest rates work.
One-off Establishment fee
Harmoney charges an up front, one-off Establishment Fee of $150
The Establishment Fee is added to the approved loan amount requested, and paid to Harmoney on settlement of the loan.
Default fees
If you are having trouble keeping up with your repayments, please contact our Collections team to discuss your situation before you are charged any additional fees. We’re here to help.
Dishonour fee
If a borrower's repayment is dishonoured, a $15 fee may be charged to the borrower's account to cover the costs of the additional administration required to re-process the payment. This will be due with the borrower's next payment.
Overdue fee
If a borrower’s payment is not made in full when due and their account goes into arrears, a $20 fee may be charged to the borrower’s account to cover the costs of the additional administration required to manage the collection process for an overdue account. This will be due with the borrower’s next payment.
Legal Collection and enforcement fees
If collection or enforcement action is required against a borrower, any legal and associated third party costs incurred may be charged to the borrower's account. These will be due with the borrower's next payment.
Introducer fee
If a borrower is introduced to us by a third party (such as a broker), we will charge an up front, one-off fee for that introduction. This is added to the approved loan amount requested, and paid to Harmoney on settlement of the loan, to cover the fee we pay to that third party.
$0 monthly account or early repayment fees
We don’t charge monthly account fees or early repayment fees. You can pay your loan off anytime without any penalty, so you can save on interest.
In most cases, if you keep up with your regular repayments the only fee you’ll pay is the one-off Establishment fee.
Early security release
If we accept a borrower’s request to an early release from any security interest, any legal and associated third party costs incurred may be charged to the borrower’s account. These will be due with the borrower’s next payment.
For more information, please refer to our Loan Contract Terms.
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