Harmoney Unsecured Personal Loan

Last updated: 16 August 2019

Use an unsecured personal loan to take care of unforeseen expenses.

Unsecured personal loans from Harmoney can be approved up to $70,000, allowing you to consolidate debt, renovate, upgrade the family car or book a much-needed holiday. If you’re looking to secure financing without putting forward collateral, it’s worth considering an unsecured personal loan from Harmoney.

6.99% - 29.99%

Interest Rate (p.a.)

$70,000

Max. Loan Amount

N/A

Minimum Credit Score

Details

Product Name	Harmoney Unsecured Personal Loan
Benefit Description	Apply for an unsecured personal loan up to $70,000 with no early repayment fees.
Interest Rate (p.a.)	6.99% - 29.99%
Min. Loan Amount	$2,000
Max. Loan Amount	$70,000
Loan Term	Up to 60 months
Turnaround Time	99% of approved online applications funded in 24 hours
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Application Fee	$200-$450 depending on loan size
Monthly Service Fee	$0
Early Prepayment Fee	$0
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Requirements	- You must be a New Zealand resident or citizen and have a good credit score to apply. - Upon providing financial and repayment history information, you are assigned a risk grade. - You are entitled to apply for a loan at the interest rate and borrowing limit corresponding to your risk grade.
Minimum Credit Score	N/A
Minimum Age	18
Minimum Income	n/a
	Go to site More Info

Jacob Stern

Jacob Stern is a writer for Finder, specialising in consumer comparisons. He enjoys putting his words to good use, and can't say no to fish and chips. Jacob has a Bachelor of Arts in Communications and a Master of Teaching in Secondary Education from the University of Technology Sydney.

Pros and cons

Pros

High lending limit of $70,000
No early repayment fee
Fixed interest rates

Cons

Only two loan term lengths available
$450 establishment fee for loans of $5,000+

Main points to consider with a Harmoney Unsecured Personal Loan

Harmoney Unsecured Personal Loans range from $2,000 to $70,000. Loan terms can be set at 36 or 60 months, with interest rates applied at 6.99% - 29.99%.

Features of an unsecured personal loan from Harmoney

Interest rates between 6.99% - 29.99%. Interest rates are calculated by assessing the size and length of the loan, along with an applicant’s credit history.
Flexible loan size. Unsecured loans from Harmoney typically range from $2,000 to $70,000.
Quick approval times. Once you’ve applied, you should hear from a Harmoney representative within an hour.
Fast access to funds. Loans are often funded within 24 hours of being listed on Harmoney’s marketplace.
Loan terms. You can choose a loan term of three or five years.

Repayment instalment options. Loans can be repaid in weekly, fortnightly or monthly instalments.
Credit classifications. Harmoney grades risk by letter: A through to F. Each grade has five levels. Every level for every grade has an attached interest rate. The better your risk grade the lower your interest rate.
Repayment insurance. You can opt to include partial or complete repayment insurance when you take out your loan. This will cover you in the case of unexpected grievance.
Harmoney repayment calculator. Harmoney provides an online calculator that helps you gauge an estimate of what your repayments size will be.
Online application. You can apply online for an unsecured personal loan from Harmoney.

How much does the loan cost?

The total cost of your loan will vary depending on you much you borrow, the term of your loan and your repayment instalment plan.

The following fees may apply to your loan:

Establishment fee of $200 for loans under $5,000
Establishment fee of $450 for loans of $5,000 and above
$15 dishonour fee if a payment requires re-processing
$20 overdue fee

How to apply for a Harmoney Unsecured Personal Loan

You can apply for a Harmoney Unsecured Personal Loan by clicking the green “Go to site” link on this page. To be eligible you must, at a minimum:

Be a resident or citizen of New Zealand
Be deemed to have a sufficient income by Harmoney
Be deemed to have a reasonable credit history by Harmoney

When applying for a loan you generally need to provide:

Identification. Typically a New Zealand driver’s licence or passport
Verification of income. Harmoney utilises an automatic verification system called Credit Sense. This system securely retrieves and analyses your bank statements to create a credit grade.