Personal loan calculator

Using our loan calculator is obligation free, so you can get an indication of how much that dream kitchen renovation or new car is going to cost you. Get an instant estimate by entering the amount you wish to borrow – the calculator will display your estimated repayments*. Use the "By repayment" option to enter a weekly repayment amount and see an indicative loan amount*.

Repayments

The size of your payments depends on how much you want to borrow, and how long you’ve got to pay it back. It’s important to know that Harmoney doesn’t have any early payment penalties. Our default payment schedule is monthly, but we welcome borrowers to make payments of as much as they want, as often as they want, as long as the monthly minimum is met. That means you could pay your loan off in a year, or even less if you wanted to. If you want to arrange a different payment schedule, get in touch with our team at customerservice@harmoney.co.nz.

Personal loan rates

Loan rates differ from one institution to the next. If Harmoney approves your loan application, we will assign a credit grade, which will inform the maximum amount you can borrow, and the interest rate that will apply.

Low-risk borrowers, for example, can be assigned the lowest risk grade A1, which has a corresponding interest rate of 6.99% p.a.. A borrower assigned the highest risk grade F5 has a corresponding interest rate of 29.99% p.a. Find out more about our interest rates.

The cost of a loan

The cost of a loan is made up of the loaned sum + interest + any fees that are incurred through loan administration. All Harmoney's fees are clearly laid out here.

Debt consolidation calculator

You can also use this calculator to figure out the most efficient way to consolidate your debts. Simply add up the debts you currently have, turning them into a single amount. Input that into the Harmoney loan calculator to get an indication of how quickly you could have those debts paid off.

Calculating loan repayments

Once you submit your loan application, your request will be assessed by our team. If Harmoney approves your loan application, it will be assigned a credit grade that shows the maximum loan amount you’re approved for, and the interest rate that will apply. You’ll also be shown what the repayment amounts will be for a 36 or 60 month loan term.

Early loan repayment period

You can repay your loan ahead of the repayment schedule without any penalties or fees. If you have questions about how to calculate paying the remainder of your loan then get in touch with the Harmoney team via customerservice@harmoney.co.nz.