Medical Expenses Loan FAQs

Can I use a medical expenses loan to pay for elective surgery?

A New Zealand has a good public health system, but it can be slow – and the private health system can be pricey. If you’ve found yourself unable to wait, but your savings account won’t quite stretch to the cost of going private, a medical expenses loan through Harmoney’s peer-to-peer lending marketplace could be a good option.

Public waiting lists can leave you waiting for months, and sometimes ACC will decline you, or your health insurance will only cover some of the costs. But elective surgeries can make a huge difference to your life, so you shouldn’t have to say no just because your health insurance provider did.

A Harmoney medical expenses loan can be used to cover almost any health-related costs. You could be sick of wearing glasses (and their ongoing costs) and planning to get lasik eye surgery to improve your vision, or seeking elective cosmetic surgery or plastic surgery to improve your self-confidence and help you move forward with your life. You or one of your kids might be in need of major (and expensive) dental work, or if you’re trying to lose weight and fight off obesity with gastric bypass surgery. Whatever elective surgery you need, a Harmoney medical expenses loan could help cover the costs.

What are the fees for a personal loan?

At Harmoney, we’re totally upfront and transparent about what fees apply to loans through our marketplace. Interest rates range from 6.99% to 29.99% p.a.*, personalised to your situation and set based on the risk grade assigned to each Borrower during their application.

If you always make your payments in full and on time, the only fee that will apply to your loan is the Establishment fee. See our full schedule of all interest rates and fees.