In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

Harmoney Car Loan

  • Avatar
Harmoney  Car Loan

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

Compare other options
Application Fee
$275 for loans of below $5,000
Interest Rate (p.a.)
From 5.66% (fixed)
Comparison Rate (p.a.)
6.45%
Max Loan Amount
$70,000

Summary

A fast, flexible low interest car loan that’s 100% online? Check out the Harmoney Car Loan.

Harmoney is an online personal loan marketplace, matching people who want to borrow with those seeking to invest. The Harmoney Car Loan offers a low interest rate, flexible terms and easy online application.

Pros

  • Competitive, tailored rate
  • No penalties for early payments
  • Loan is unsecured

Cons

  • $275 - $575 upfront fee
  • Ongoing service fee

In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question

Details

Product details

Product Name Harmoney Car Loan
Interest Rate (p.a.) 5.66% to 20.07%
Comp. Rate (p.a.) 6.45% to 20.98%
Interest Rate Type Fixed
Min Loan Amount $2,000
Max Loan Amount $70,000

Main points to consider with the Harmoney P2P Car Loan

Harmoney offers secured and unsecured car loans on 3 years, 5 years or 7 years terms. Fixed interest rates are from 5.66% p.a., but the interest rate you receive depends on your credit rating and whether or not you choose security.

Loans range from $2,000 up to $70,000 and you usually have your money within 24 hours after the online application is approved. Provided you submit your repayments on time, the Harmoney Car Loan is flexible with only one upfront fee. While there are minimum monthly repayments, there are no penalties if you choose to pay your loan out early.

Features of the Harmoney Car Loan

  • Competitive, tailored interest rate. From 5.66% p.a. (comparison rate 6.45% p.a., based on a secured personal loan of $30,000 over 5 years).
  • Flexible conditions. Choice of loan amount from $2,000 to $70,000 on 3 years, 5 years or 7 years terms.
  • Early payout option. No penalties if you pay your loan off early.
  • No hidden fees. Providing you make your repayments on time, the only fee you'll make is the one-off upfront platform fee of $575 for loans upwards of $5,000 and $275 for loans below $5,000.
  • 100% online application. Fast, simple online application process with 95% of car loans funded within 24 hours.

Fees and charges

Fees and charges that apply to Harmoney Car Loans include:

  • Platform fee. An upfront, one-off platform fee of either $575 for loans over $5,000 or $275 for loans between $2,000 and $5,000 will be added to the loan amount once the loan is settled (also applies to loan top-ups).
  • Dishonour fee. If a repayment is dishonoured a $15 fee will be charged to your account and due with your next payment.
  • Legal fees. Any legal and associated third party costs incurred by Harmoney if enforcement action is required.

Best lending innovation finalist

A solid effort from Harmoney, placing as a finalist in the Best Lending Innovation category. Harmoney’s pursuit for excellence and creativity has garnered the attention of the tech industry.

Full list of 2023 winners

How to apply for the Harmoney Car Loan

To start the application process for your Harmoney Car Loan, simply click Go to Site. You’ll need to be eligible for the following criteria:

  • You must be an Australian or New Zealand citizen or permanent resident aged 18 years or older.
  • You must have suitable ID including a valid Australian or New Zealand driver's licence or passport.
  • You must have a regular income or sufficient funds to repay the loan.
  • You must have an acceptable credit record as determined by Harmoney.

The documents required to support your loan application include proof of identity such as a driver’s licence and passport and proof of income including payslips or bank statements.

Applying for your Harmoney Car Loan involves 3 simple steps:

  • Application. Complete the fast and easy loan application process.
  • Assessment. Your suitability is assessed and an interest rate is assigned based on your individual circumstances.
  • Investment. Once approved, you’ll be asked to share your story with Harmoney’s investors (i.e. why you want the loan), who’ll then fund it within 24 hours.

Compare car loan providers

{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"AUFCL_COMPARISON_V2_TABLE","nicheCode":"AUFCL","fields":[{"name":"LOAN_AMOUNT","value":"20000","options":"","label":"Losn amount","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""},{"name":"PERIOD","value":"3","options":"","label":"Loan term","suffix":"years","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""}]}
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
loans.com.au - New - Variable Rate Special
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.74%
Comp. Rate (p.a.)
7.36%
to 8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
Go to siteMore Info
OurMoneyMarket New Car Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
Simplify New Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
Go to siteMore Info
Credit Concierge New Car Loan
Fixed1 - 7 Years $10,000 - $100,000
Interest Rate (p.a.)
6.29%
to 16.45%
Comp. Rate (p.a.)
7.41%
to 17.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$637.97
Go to siteMore Info
NRMA New Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.79% p.a. and comparison rates from 6.49% p.a.)
Credit Concierge Used Car Loan
Fixed1 - 7 Years $10,000 - $1,000,000
Interest Rate (p.a.)
6.8%
to 17.45%
Comp. Rate (p.a.)
7.56%
to 18.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$642.74
Go to siteMore Info
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
Simplify Used Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
Go to siteMore Info
NRMA Used Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
loading
Showing 9 of 9 results

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Alex Finder

Publisher

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site