Harmoney – Loan Review
Amount, $2 000 - $50 000 ;Term, 3 - 5 years
Applying does not commit you to any agreement.
Harmoney Personal Loan
Harmoney is New Zealand's first peer-to-peer lender, now operating as a direct lender. Personal loans are available from $2,000 to $50,000 with terms of 3 or 5 years. Interest rates start from 6.99% p.a. for highly creditworthy borrowers – your rate depends on your credit profile and financial situation.
The application is fully online and takes around 10 minutes. Harmoney uses risk-based pricing, so you receive a personalised rate quote without affecting your credit score. If approved, funds are typically transferred within 24 hours of signing the loan contract.
Harmoney charges a $200 establishment fee added to your loan balance. There are no monthly fees and no early repayment fees.
✓ Pros
- 100% online application
- No monthly fees
- No early repayment fees
- Fast – funds often within 24 hours
✗ Cons
- $200 establishment fee
- Higher rates for lower credit profiles
- Terms limited to 3 or 5 years only
Loan Example
Example: $10,000 over 3 years at 9.99% p.a. + $200 establishment fee = approx. $322/month.
Loan Requirements
- ✓ NZ citizen or permanent resident
- ✓ 18 years or older
- ✓ Regular income
- ✓ Good to excellent credit history
- ✓ Valid NZ bank account
Loan Features
- Online loans up to $50 000
- Term 3 - 5 years
- Easy online application
Frequently Asked Questions
3 - 5 years after submitting your application.
The minimum amount at Harmoney is $2,000.
Yes, Harmoney offers an online application process. Visit their website to apply.