Top Up

Take the journey to financial freedom with Harmoney Top Up.

Earn your way to a better interest rate and higher borrowing limit.*

What is Harmoney Top Up?

Top Up lets you refinance your existing Harmoney loan to borrow additional money.*

It is a feature offered to those customers who, having demonstrated an excellent track record of on-time repayments, may be eligible to apply to borrow money additional to their existing loan.

At some point, you may need more money. Maybe you need it to complete the project you're using your current loan for. Perhaps you have a new goal to achieve. When it happens, Harmoney Top Up may just be what you need.

Earn your way to a better rate and higher loan limit*

83% of Top Up customers get a better rate^

If you are able to successfully maintain at least 6 consecutive monthly repayments and maintain or improve your credit score or financial situation, you may be eligible for the same or lower interest rate, and higher borrowing limit.*

For example: (for indicative purposes only)


Interest rate
15.90% p.a.

After 6 months*

Interest rate
12.39% p.a.

* Note: this is based on your credit score, and financial situation remaining the same, or improving, and meeting at least 6 consecutive on-time payments with Harmoney. A Top Up requires a rewrite of your existing loan. To be approved and list your loan you must meet Harmoney's credit criteria and responsible lending requirements. Harmoney's interest rates and maximum loan amounts are offered based on the individual borrower's credit and affordability assessment. Current interest rates apply. Fees, charges, terms and conditions apply. ^Based on Top Up loans in FY2018.

How to become eligible for Harmoney Top Up

Below are the main things you could work on to help the result of your Top Up application. Keep in mind that applications are assessed individually, and there are other factors that may affect the result of your application.*

  • Maintain at least 6 months consecutive repayments on your Harmoney loan.

  • Ensure you meet all your financial obligations and do not miss payments on your Harmoney loan, as well as other creditors such as your utility provider or other lenders.

  • Work towards a favourable credit history. Things that influence your report include credit enquiries and payment defaults to any creditor or service provider.

  • Keep a good risk profile. Ensure your records show a low likelihood of default or failing to make payment obligations.

  • Try to improve your income and/or reduce your outgoings. This reflects whether or not a Top Up will be within your financial means.

Take the journey


Work towards a good credit history, track record of on-time repayments and financial situation.


We review your situation regularly to see how you're going with your loan, and after six months, we'll assess your eligibility to apply for a Top Up. Borrowers who are eligible to apply will be notified by phone or email.


In case your circumstances have changed, we ask all Top Up applicants to go through the quote process again.

Keen to apply for Top Up?

Find out if you're eligible to apply for Harmoney Top Up by signing in to your account. If you're eligible to apply, it will show the green Top Up ribbon on your dashboard.

Sign in
Or call 0800 427 666 (9am - 6pm)

Tips to improve your financial health.

Want to find out ways to improve your financial health? We wrote a book (two actually!)

PDF file icon

10 Ways to a Better Credit Rate

Credit reporting in New Zealand has changed – and those changes could affect you. With the introduction of Comprehensive Credit Reporting, lenders can now see both your good and bad credit history – giving you more ways to improve your rating. In this book, you will find:

  • What a credit report is
  • What details lenders look at when assessing applications
  • How to manage your debt
  • Why applications are sometimes unsuccessful
  • The next evolution: Comprehensive Credit Reporting (CCR)
  • Ten tips to improve your credit rating

Download your free eBook

PDF file icon

A New Zealander’s Guide to Debt Consolidation

Debt consolidation loans can take the hassle out of maintaining several loans. You can combine your car payments, personal loans, credit card payments, and other debt into one easy-to-manage loan, with a fixed interest rate and a regular repayment date in the calendar.

In “A New Zealander’s Guide to Debt Consolidation” we look at the pros, cons, and the important things to consider when deciding whether debt consolidation is the right thing for you to pursue.

Download your free eBook

Frequently asked questions

What if my circumstances have changed since applying for my original loan?

It all depends on what has changed and how it has changed; when you apply to Top Up your loan, we will reassess your financial situation – if you have remained the same, or improved your credit and financial situation, you may receive a lower interest rate. However, if you have gone the other way, your application for a Top Up may be declined.

Will my interest rate change?

Possibly. As above, we will reassess your financial circumstances and if your credit and financial situation is in the same or better position than when you applied for your original loan, you could be assigned a new interest rate.

What fees will there be?

There will be an up-front, one-off Establishment Fee of $200 for loans under $5,000, or $450 for loans $5,000 and above.

What term will apply?

Harmoney loans can be taken over three or five years. However we don't charge break fees, which means you can pay your loan off early, without penalty.

Why do I have to get a new loan?

We combine your original loan amount and the Top Up amount to create a new loan. We do this because topping up changes the terms of your original loan contract. 

Does the co-borrower on my original loan have to be included in my new topped up loan?

Not necessarily. This will depend on your credit and financial situation at the time you apply for a Top Up loan. You can elect to include the same co-borrower, or no co-borrower. However, depending on your individual circumstances and the amount you wish to apply for, Harmoney may require you to add a co-borrower in order to be approved.

Will this change my payment date?

Your payment date is likely to change as it will be aligned to your new loan agreement.

What if I am paying weekly or fortnightly?

If you are paying weekly or fortnightly, your payments will revert to our standard monthly schedule. This can be configured after settlement of your loan to suit your needs.

Got other questions?

Flick us an email at or give our friendly customer services team a call on 0800 427 666 (9am – 6pm)