
Get exclusive money-saving offers and guides
Straight to your inbox
3 things to consider about this loan:
From 5.35% (fixed)
Interest Rate (p.a.)
6.14%
Comparison Rate (p.a.)
$2,000
Min Loan Amount
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | Harmoney Unsecured Personal Loan |
---|---|
Interest Rate (p.a.) | From 5.35% (fixed) |
Comparison Rate (p.a.) | 6.14% |
Interest Rate Type | Fixed |
Min Loan Amount | $2,000 |
Max. Loan Amount | $70,000 |
Loan Security | Unsecured |
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.
The costs associated with this loan include:
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.
Pros
Cons
To be eligible for the loan, you need to be:
You must also have a clear credit file, with no defaults, judgements or bankruptcies.
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.
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
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.
Cheers,
Nikki
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?
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!
Cheers,
Jeni
October 16, 2018
Hi,
I’m an Australian citizen but I work for a UK company and I’m paid in GBP – would that affect my eligibility?
Thanks!
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!
Cheers,
Jeni
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
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!
Cheers,
Joshua
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.
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.
Cheers,
Charisse