Harmoney Car Loan

A fast, flexible low interest car loan that’s 100% online? Check out the Harmoney Car Loan and see why marketplace lending is changing how we borrow.

Harmoney is a leading Australasian marketplace lending website, 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.

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$275 for loans of below $5,000

Application Fee

From 6.99% (fixed)

Interest Rate (p.a.)

7.79%

Comparison Rate (p.a.)

$50,000

Max Loan Amount

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Details

Product NameHarmoney Car Loan
Interest Rate (p.a.)From 6.99% (fixed)
Comparison Rate (p.a.)7.79%
Interest Rate TypeFixed
Min Loan Amount$2,000
Max Loan Amount$50,000

Main points to consider with the Harmoney P2P Car Loan

Harmoney offers unsecured personal loans on 36 or 60-month terms and fixed interest rates from 6.99% p.a., but the interest rate you receive depends on your credit rating. While this loan is unsecured, depending on your credit rating the rates are comparable to secured car loan rates.

Loans range from $2,000 up to $50,000 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 6.99% p.a. (comparison rate 7.79% p.a., based on an unsecured personal loan of $30,000 over 5 years).
  • Flexible conditions. Choice of loan amount from $2,000 to $50,000 on 36 or 60-month terms.
  • Early payout option. No penalties if you pay your loan off early.
  • No hidden fees. Providing you make your repayments on time, there is just a one upfront platform fee of $575 for loans upwards of $5,000 and $275 for loans below $5,000.
  • Unsecured loan. Not tied to an asset such as a house or car.
  • 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.
  • Service fee. Investors pay an administration fee of 1.25% of the principal and interest payments collected on each fraction, which is deducted from repayments into the investor account.

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 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 license 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.

It’s important to shop around for car loans before settling on a particular product. With its low interest rate car loan, limited fees and early payout option, the Harmoney Car Loan is sure to compare favourably.

Compare car loan providers

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Loans.com.au - New and Dealer Used Car Loan
From 4.67% (fixed)
5.22%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Plenti Car Loan
From 4.89% (fixed)
5.44%
$2,000
3 to 7 years
from $249 to $799
$0
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
Wisr Secured Car Loan
From 4.74% (fixed)
5.01%
$5,000
3 to 7 years
$195 for refinance and dealer sale ($245 for private sale)
$0
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
Stratton Finance New Car Loan
From 3.85% (fixed)
4.05%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Credit Concierge Car Loan
From 3.35% (fixed)
4.41%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 3.35% p.a. with a comparison rate of 4.41% p.a.
Get access to over 20 providers to fund a new or used car.
IMB New Car Loan
4.99% (fixed)
5.34%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPS registration fee)
$0
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
RACV New Car Loans
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
CarClarity Car Loan
From 3.35% (fixed)
4.95%
$10,000
1 to 7 years
$356
$8.25
You'll receive a fixed rate from 3.35% p.a.
Get access to more than 30 lenders to finance a new or used car for personal or corporate use. Borrow up to $250,000 with terms from 1 to 7 years.
Heritage Bank Car Loan
4.89% (fixed)
5.53%
$5,000
1 to 7 years
$200
$5
You'll receive a fixed rate from 4.89% p.a.
Finance a new or used car up to 5 years old. Large maximum borrowing amount up to $100,000 and terms up to 7 years.
OurMoneyMarket Car Loan
From 5.35% (fixed)
5.65%
$2,001
1 to 7 years
$250
$0
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
RACQ Bank Car Loan Special
5.49% (fixed)
6.16%
$3,000
Up to 7 years
$395
$0
You'll receive a fixed rate of 5.49% p.a.
Borrow up to $60,000 for a new or used car and get a range of membership benefits.
SocietyOne Car Loan
From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
NAB Personal Loan Unsecured Fixed
From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
NRMA Used Car Loan
From 6.24% (fixed)
6.94%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.24% 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.
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Compare up to 4 providers

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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