Harmoney peer-to-peer 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.

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 legal 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 Harmoney's P2P 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 28.21% 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.

How you can apply for a P2P loan from

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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17 Responses

  1. 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

    • Staff
      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

  2. Default Gravatar
    philipFebruary 2, 2018

    can the loan be used for business purposes?

    • Staff
      AshFebruary 17, 2018Staff

      Hi Philip,

      Thank you for reaching out to us.

      Yes, your proceeds from Harmoney Unsecured Personal Loan can be used for any purpose you want, e.g. for a business venture.

      Meantime, if you’d like to reconsider getting a business loan instead, you can visit this page to compare your options.

      I hope this helps. Let us know if you have any other questions.

      Enjoy the rest of your day!


  3. Default Gravatar
    AnneFebruary 2, 2018

    I would like to borrow unsecured personal loan amount for $20,000 with no other debt but based on a Pensioner Single Person Income solely

    • Staff
      RenchFebruary 11, 2018Staff

      Hi Anne,

      Thanks for your inquiry.

      I’m afraid that Harmoney does not accept applicants who are on a pension as an income. There are other lenders which do accept, you may refer to this page.

      You may click the name of your preferred lender to know more details and you may click the green “Go to site” button to submit an online application through their official site.

      Best regards,

  4. Default Gravatar
    TomFebruary 2, 2018

    Can personal loan be used for overseas expenses

    • Staff
      MayFebruary 23, 2018Staff

      Hi Tom,

      Thanks for your inquiry! Yes, your proceeds for your personal loan can be used to whatever purpose you intend to use it to.


  5. Default Gravatar
    SunnyDecember 4, 2017


    I have got loans in 2 different banks and like to Consolidate in one loan.
    Do you do that.

    • Staff
      ArnoldDecember 5, 2017Staff

      Hi Sunny,

      Thanks for your inquiry

      Please note that finder is a comparison website and general information service. While we do not represent any company we feature on our pages, we can offer you general advice.

      Debt consolidation allows you to combine all your loans into one. Essentially, it can give you a way to reduce your interest rates and fees, thereby giving you a way to get yourself out of debt. If you want to check your options on debt consolidation loans. Please click on this page.

      Hope this information helps


  6. Default Gravatar
    IanSeptember 14, 2017

    Are there any penalties for early payout of loan?

    • Staff
      JasonSeptember 15, 2017Staff

      Hi Ian,

      Thank you for your enquiry.

      Harmoney does not charge any early repayment fees. You can repay the whole loan amount early or before the end of the loan period without risking a penalty fee. Please check out the details above for more details on Harmoney.

      Kind regards,

  7. Default Gravatar
    RobertMay 12, 2017

    Do you accept Pensioners Receiving payment from Centrelink

    • Staff
      MayMay 12, 2017Staff

      Hi Robert,

      Thank you for your inquiry.

      I’m afraid that Harmoney does not accept applicants who are Centrelink recipients. Nonetheless, if you wish to check which ones that do accept, please refer to this page. You can directly contact a lender featured on that page to discuss your eligibility or options.


  8. Default Gravatar
    JenniferJanuary 10, 2017

    Can a personal Loan have joint applicants?

    • Staff
      MayJanuary 10, 2017Staff

      Hi Jennifer,

      Thanks for your question.

      Yes, there are lenders that accept joint applicants for personal loans. Please refer to this page for your comparison.

      Hope this helps.


  9. Staff
    JonathanFebruary 23, 2018Staff

    Hi Mohammad, thanks for your inquiry.

    Please use our personal loan calculator to determine your repayments.



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