Harmoney vs RateSetter
Trying to find the right peer-to-peer loan for you? Compare Harmoney and RateSetter before you apply.
- Please note that RateSetter has been rebranded to Plenti. The information on RateSetter has been kept for the benefit of those who are interested and historical records only.
If you're trying to find a personal loan, you might be considering a loan from a peer-to-peer (P2P) lender. On this page, we compare the main fees, rates and features of loans from two prominent P2P lenders, Harmoney and RateSetter.
|Interest rate||From 6.99% p.a.||From 6.49% p.a. (variable rate)|
From 6.49% p.a. (fixed rate)
|Interest rate type||Fixed||Variable rate (rates from 6.49% p.a. with terms from 12 months to 1 year)|
Fixed rate (rates from 6.49% p.a.)
|Secured or unsecured||Unsecured||Secured or unsecured|
|Loan amounts||$2,000 to $50,000||$2,001 to $45,000|
|Loan terms||3 years to 5 years||1 year to 2 years|
|Early repayment without penalty?|
|More||Find out more||Find out more|
Harmoney and RateSetter both offer competitive loans but differ slightly on their product offerings. Harmoney offers unsecured personal loans with fixed rates while RateSetter offers fixed or variable rate personal loans that can be secured or unsecured. The loan amounts differ slightly, as do the loan terms (RateSetter's loan terms are tied to the rate type). Also, Harmoney has slightly more flexible lending criteria.
As there are quite a few differences between these lenders, make sure you compare the benefits and drawbacks of each thoroughly before making your decision.
Personal Loan OffersImportant Information*
You'll receive a fixed rate between 6.99% p.a. and 25.69% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.
You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
You'll receive a fixed rate between 6.99% p.a. and 20.49% 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.
You'll receive a fixed rate between 6.95% p.a. and 17.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.
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