Harmoney personal loan

Take advantage of Harmoney’s peer-to-peer lending platform, where you can get a competitive rate based on your credit score.

Harmoney’s peer-to-peer (P2P) platform is a meeting place for investors and borrowers to enter into a mutually beneficial loan arrangement.

If you’re looking to apply for a personal loan, your interest rate will be personalised based on your profile. Once an investor selects your application, your loan can be funded within 24 hours.

3 things you should know about this loan

  • Tailored interest rate. You will receive an interest rate of between 6.99% p.a. to 28.69% p.a. based on your credit profile.
  • Restrictive loan terms. You can only select loan terms of 3 or 5 years, However, while the loan terms are restrictive, you can repay the loan ahead of schedule if you're able.
  • High upfront fee. You are required to pay a one-off $500 platform fee which is added to your loan amount.
Product NameHarmoney Unsecured Personal Loan
Interest Rate (p.a.)From 6.99% (fixed)
Comparison Rate (p.a.)7.69%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$70,000
Loan SecurityUnsecured


  • Tailored, competitive rates
  • Apply for up to $70,000
  • No security required


  • Restrictive loan repayments terms
  • $500 upfront fee

Main points to consider with Harmoney's P2P loans

A personal loan from Harmoney is an unsecured loan that can be used for any worthwhile purpose. Borrowers can apply for loans of between $5,000 and $70,000.

Once your loan application has been reviewed by Harmoney, your credit profile is verified to determine your creditworthiness. Following this check, your profile will be listed on the live lending marketplace where most loans are funded within 24 hours of being posted. From the application to having your loan funded, the whole process takes place online.

Interest rates vary according to your profile. Borrowers can choose loan periods of 3 or 5 years

What features come with the Harmoney personal loan?

Here are some of the features of Harmoney’s P2P loans:

  • Unsecured loans. These loans are unsecured, which means you don’t have to declare valuable assets as collateral and risk losing them.
  • Tailored interest rates. Interest rates are tailored according to your profile. Rates vary between 6.99% p.a. to 28.69% p.a.
  • Flexibility. Loans can be used for any legal purpose.
  • Repayments. You repay your loan every month by direct debit and have your choice of loan terms – terms of 3 or 5 years are available.
  • Minimum amounts. Borrowers can apply for up to $70,000, while investors can open a Harmoney account with a minimum of $2 million.
  • No early repayment fees. You can repay the whole loan amount before the end of the loan period without risking a penalty fee.

How much will the loan cost?

Borrowers pay a one-off $500 platform fee that’s added to the requested loan amount. As long as you make the required payments, there are no additional fees charged. If a payment is dishonoured you’ll be charged a fee of $15.

Harmoney personal loan interest rate & fees

  • Minimum interest rate: 6.99% p.a.
  • Maximum interest rate: 28.69% p.a.
  • One-off fee: $500
  • Dishonour fee: $15.

How you can apply for a Harmoney personal loan

The application process is completed online. To be eligible for a loan on the Harmoney P2P marketplace, you must:

  • 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’d like to become a Harmoney investor, you must be a Sophisticated Investor with net assets of at least $2.5 million, or a gross income of at least $250,000 for the last two years. The minimum investment for Sophisticated Investors is $2 million.

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33 Responses

  1. Default Gravatar
    A77February 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
      JeniFebruary 16, 2019Staff

      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!


  2. Default Gravatar
    MelissaOctober 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
      JeniOctober 16, 2018Staff

      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!


  3. Default Gravatar
    MattSeptember 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
      JoshuaOctober 1, 2018Staff

      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!


  4. Default Gravatar
    Lee-AnnSeptember 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
      CharisseSeptember 8, 2018Staff

      Hi Lee,

      If you are considering a loan application with Harmoney, you need to meet their eligibility criteria which you can find listed above on this page. 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 loan here.

      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.


  5. Default Gravatar
    JualMay 1, 2018

    Hi, we have $150,000 and in need of $30,000 to buy a relocatable home in a resort. We are on aged pension. Are we able to borrow? I have a very good name in paying my bills.

    • Avatarfinder Customer Care
      JeniMay 1, 2018Staff

      Hi Jual,

      Thank you for getting in touch with finder.

      As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice.

      Please check out this link for your other options since you need to loan for $30,000.

      I hope this helps.

      Have a great day!


  6. Default Gravatar
    BrendanApril 20, 2018


    I currently have a personal loan with a major bank but I want to pay it out sooner and at a lower interest rate to reduce my interest repayments. I have never missed a repayment on any loan that I’ve had. I have always paid out other bank loans (for example, car loan) at least 6 months in advance. I believe my credit rating is quite good.

    If I was to apply to Harmoney or any other company, how can I be certain that their interest rate will be less than my current rate?

    • Avatarfinder Customer Care
      JoanneApril 20, 2018Staff

      Hi Brendan,

      Thanks for reaching out.

      With Harmoney’s p2p loan, interest rates are tailored according to your profile thus rates vary between 6.99% p.a. to 28.21% p.a. Harmoney’s interest rates are offered based on the individual borrower’s credit assessment according to Harmoney’s credit scorecard. As we do not represent the companies featured on our pages, for you to check on the interest rate, you may need to directly contact Harmoney. Also, should you wish to get an estimate amount of your repayments, you may click on the go to site button and use their quick estimate calculator.

      Alternatively, you may compare low interest personal loans found on this page.


  7. Default Gravatar
    davidMarch 22, 2018

    I have a loan can harmony take over the loan

    • Avatarfinder Customer Care
      LouMarch 22, 2018Staff

      Hi David,

      Thanks for your question.

      Harmoney Peer-to-Peer Loan offers loan consolidation which you can use to combine multiple loans into a single one. However, upon checking their website, I cannot find any option for refinancing.

      Alternatively, if you want to refinance your existing loan to get a better rate, you may compare your other options on this page.

      I hope this helps.


  8. Avatarfinder Customer Care
    JonathanFebruary 23, 2018Staff

    Hi Mohammad, thanks for your inquiry.

    Please use our personal loan calculator to determine your repayments.



  9. Default Gravatar
    gabrielaFebruary 18, 2018

    hi my name is gabriela im interested to borrow 30000 $ for nearly 3or 4 years can you tell me if i can make fix rate like 6.99 %pa and how much will cost me if is posibale

    • Avatarfinder Customer Care
      JonathanMarch 7, 2018Staff

      Hi Gabriela, thanks for your inquiry.

      Borrowers can apply for loans of between $5,000 and $70,000. Borrowers pay a one-off $500 platform fee that’s added to the requested loan amount. As long as you make the required payments, there are no additional fees charged.



  10. Default Gravatar
    teenaFebruary 6, 2018

    can u do loans for over a 7 or 10 year period.? and i have a loan i am searching for a better deal as i want to borrow a further 20,000 i am currently paying 600 bucks a month on a 24,000 loan surely there is someone that can do me a better deal with a smaller interest rate plz

    • Avatarfinder Customer Care
      JoshuaFebruary 14, 2018Staff

      Hi Teena,

      Thanks for getting in touch.

      Please note that we are not affiliated with Harmoney.

      However, we have a guide on this page that helps you find long-term personal loans that extend up to seven years. Moreover, you will also see a table that lists all the options available for you. Plus, you can specify the loan amount and term period. Click the calculate button and you will find repayments as low as $340 per month.

      Alternatively, if you’re looking to refinance or switch loans. You can refer to these pages:

      Another option available is to top up your existing loan:

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

      Have a wonderful day!

      Joshua Infantado

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