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Harmoney Personal Loan

Personalised interest rates with no monthly or early repayment fees. Interest charges and establishment fees apply.

3 things to consider about this loan:

  • Personalised interest rate. The interest rate will be tailored to your risk profile.
  • Fixed interest. Your monthly interest charges will remain the same for the duration of the loan.
  • No monthly fees. There are no ongoing fees with this loan.
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From 5.35% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount

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Product NameHarmoney Unsecured Personal Loan
Interest Rate (p.a.)
From 5.35% (fixed)
Comparison Rate (p.a.)6.14%
Interest Rate TypeFixed
Min Loan Amount$2,000
Max. Loan Amount$70,000
Loan SecurityUnsecured

How does the Harmoney Personal Loan work? 

This personal loan from Harmoney is unsecured, and does not require an asset as collateral. It features personalised interest rates based on your individual circumstances. The rate can range from 5.35% p.a. to 19.09% p.a. The loan has fixed interest rates and can be used for a variety of purposes. This includes debt consolidation, medical bills, home improvements or other expenses.

What features does a Harmoney Personal Loan offer? 

  • Unsecured loan. To apply for this loan, you won’t need to offer an asset as security.
  • Fixed rate. Your interest repayments will remain the same for the lifetime of the loan. This makes it easier to predict and budget for your repayments.
  • Personalised rates. Your interest rate will be personalised according to your risk profile. Factors which impact your interest rate include stability of employment, stability of and type of residence, financial behaviour and your demographic profile. If your risk profile is low, you will receive a lower rate. If your risk profile is higher, your rate will be higher.
  • Varying loan terms. Your loan term can be 3, 5 or 7 years.
  • No early repayment fees. You can repay your loan early without incurring a penalty.
  • No monthly fees. No monthly or annual service fees are charged for this loan.

How much does the Harmoney Personal Loan cost? 

The costs associated with this loan include: 

  • Loan principal
  • Fixed personalised interest rates ranging from 5.35% p.a. to 19.09% p.a.
  • An establishment fee of $275 for loans under $5,000; for loans above $5,000, the fee is $575.

No monthly or annual service fees are charged. Your comparison rate, which includes interest charges and fees, will range from 6.14% p.a. to 19.99% p.a.

What are the pros and cons of the Harmoney Personal Loan?


  • No service fees. This loan doesn’t charge monthly or annual service fees, helping to keep down the cost of the loan.  
  • No early repayment penalty. You can repay your loan early without charge. 
  • Lower interest for low risk borrowers. If your risk profile is low, you can get a lower interest rate and keep down the cost of your loan. 


  • Higher interest for high risk borrowers. With personalised interest rates, your interest rate will depend on a number of risk factors. This means that while some borrowers may benefit from lower rates, others may receive a higher rate and pay more for the same loan.   

Am I eligible for the loan? 

To be eligible for the loan, you need to be: 

  • Over the age of 18
  • A citizen or permanent resident of Australia, or a New Zealand citizen 
  • Earning a stable income 
  • Employed full-time or permanent part-time 

You must also have a clear credit file, with no defaults, judgements or bankruptcies. 

How do I apply for the loan? 

You can apply for the loan online, through the Harmoney website. You have the option of creating an account by using your Google account or through Facebook, or alternatively you can enter your email address. You will need to provide photo ID documents like your Australian driver’s licence or passport. Keep your documents on hand to speed up the process.

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ANZ Fixed Rate Personal Loan

You'll receive a guaranteed rate of6.49% p.a. with a comparison rate of 7.41% p.a. if you're approved.
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NAB Personal Loan Unsecured Fixed

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 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

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  1. Default Gravatar
    January 14, 2020

    I am an Australian resident but living in Indonesia at the moment. I would like to borrow $28,000 to buy land in Indonesia. I receive a fortnightly payment into my Police Credit Union account from State Super (retired police pension…$2100 per fortnight). Is it possible to borrow….thanks

    • Default Gravatar
      January 16, 2020

      Hi Anthony,

      Thanks for getting in touch! As part of this lender’s eligibility criteria, one of which is to be an Australian citizen. Others include:

      Be applying as an individual (not a company, partnership, incorporated society, trust or other legal entity)
      Be an Australian citizen or permanent resident or a New Zealand citizen with a valid Australian driver’s licence or passport
      Be at least 18 years old
      Have a reasonably good credit record

      You’ll need to provide your personal details, information regarding the loan you’re after as well as your financial information.

      If you think you fit into the criteria above, feel free to apply online. The final assessment will be done by Harmoney upon receipt of your application. As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      I hope this helps and feel free to reach out to us again for further assistance.


  2. Default Gravatar
    February 11, 2019

    Was made redundant in December last year. Currently, I am receiving a Centrelink carers benefit and am commencing a (new) full time, permanent position of employment in the next couple of days. Is it possible to apply for an unsecured personal loan, given the above financial position?

    • Avatarfinder Customer Care
      February 16, 2019

      Hi A77,

      Thank you for getting in touch with finder.

      Please note that lenders also require loan applicants to provide financial documents to access their creditworthiness. Harmoney adheres to a strict credit policy that assesses borrowers’ ability to pay back their loans. I suggest that you contact them directly regarding your chances of being approved for the loan.

      I hope this helps.

      Thank you and have a wonderful day!


  3. Default Gravatar
    October 16, 2018


    I’m an Australian citizen but I work for a UK company and I’m paid in GBP – would that affect my eligibility?


    • Avatarfinder Customer Care
      October 16, 2018

      Hi Melissa,

      Thank you for getting in touch with finder.

      Whenever you apply for a loan, lenders check your credit history and asses your capability to repay the loan. They basically ask for financial information which also includes details of the applicant’s employer. Upon checking on Harmoney’s P2P loan application requirements, it did not state that you must be earning in AUD only. For further assistance/info, you may contact Harmoney directly or visit their official page.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!


  4. Default Gravatar
    September 28, 2018

    Hi I am a millionaire in property and have cash to buy land
    In Europe and I asked to borrow money for tickets and expenses they wouldn’t even lend me ten grand i felt demiscriminated against and that I was lured by false advertising pointing to your lending criteria which I passed and was still declined

    • Avatarfinder Customer Care
      October 1, 2018

      Hi Matt,

      Thanks for getting in touch with Finder. I hope all is well with you. :)

      I’m sorry to hear about your situation, Matt. Our page mentioned the preliminary requirements for this loan. However, there are still other factors that Harmony would take into consideration before they will approve your loan. That’s why you also need to provide personal details, information regarding the loan you’re after as well as your financial situation.

      If you don’t satisfy their criteria, they will reject your loan.

      What you can do is explore other peer-to-peer personal loans. Please review the criteria, details of the loan product, and its conditions, then contact the lender directly to discuss your loan options and eligibility.

      You also mentioned that you have money and assets. You might use that instead of borrowing money.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  5. Default Gravatar
    September 7, 2018

    Hi I have credit card I want to pay out at around $7000 plus some bills I want to catch up on. Had some health issues which have gotten me a little behind. Could I get a personal loan to get me back on track. I believe I have reasonable credit.

    • Avatarfinder Customer Care
      September 8, 2018

      Hi Lee,

      If you are considering a loan application with Harmoney, you need to meet their eligibility criteria above. They will also ask for your personal and financial information as part of their application process.

      You can also compare your other options for lenders offering personal loans. You can press the “Go to site” button of your preferred lender to apply.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the agreement terms to know if it best suits your needs.

      Hope this helps.


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