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Apply now and have an approval decision within minutes
Associated fees:
6.99% – 24.99% p.a. (variable based on credit score)
$275 – $575 establishment fee (depends on loan amount)
No monthly service fees
No early repayment fees
Example Loan Cost:
Borrow $10,000 at 9.99% p.a. over 5 years → Repay ~$12,530
Borrow $30,000 at 14.99% p.a. over 5 years → Repay ~$42,050
Best For:
✔ General personal expenses (travel, medical, weddings, education)
Associated fees:
Interest Rate: 6.99% – 24.99% p.a.
$275 – $575 establishment fee (depends on loan amount)
Best For:
✔ Combining multiple debts (credit cards, payday loans, personal loans) into one payment
Associated fees:
Interest Rate: 6.99% – 24.99% p.a.
$275 – $575 establishment fee (depends on loan amount)
Best For:
✔ Buying a new or used car
✔ Refinancing an existing high-interest car loan
✔ Most loans receive conditional approval instantly.
✔ Funds are usually deposited within 24 – 48 hours.
All the data found here on Friendly Finance are accurate and are in line with the information on Harmoney’s website as of February 2025.
About Harmoney Loans
📌 Founded: 2014 (Originally in New Zealand, expanded to Australia in 2017)
📌 Headquarters: Sydney, New South Wales, Australia
📌 Credit Licence: Australian Credit Licence (ACL) 474726
📌 Regulated by: Australian Securities and Investments Commission (ASIC)
📌 Stock Market Listing: Harmoney Corp Limited (ASX: HMY, NZX: HMY)
📌 Main Services:
✔ Unsecured Personal Loans
✔ Debt Consolidation Loans
✔ Home Improvement Loans
✔ Car Loans
Harmoney is an online personal loan provider that started as a peer-to-peer (P2P) lender before transitioning into a fully licensed direct lender. The company specialises in offering unsecured personal loans with fixed interest rates and structured repayment terms.
Harmoney uses risk-based pricing, meaning interest rates are tailored based on the applicant’s credit profile, income, and financial behavior. The company promotes responsible lending and offers no early repayment fees, allowing borrowers to pay off their loans faster without penalties.
Harmoney: Eligibility Requirements
The application process for Harmoney is done through the company’s website or you can also easily apply for a loan using this form. To process your loan application, you need to pass Harmoney's eligibility requirements:
- You must be at least 18 years old.
- You must be a citizen or a permanent resident of Australia.
- Be employed full-time or on a permanent part-time basis.
- Have identification documents, such as your Australian driver’s license and passport, on hand.
- Have a clean credit history free of defaults, judgments, or bankruptcies.
Once you provide the necessary information and are pre-approved, the company will give you the specific loan conditions that include your interest rate, borrowing limit, and repayment schedule. As part of the responsible lending requirements, bank statements will be required to help run a credit check. Assessing your credit rating score is essential for the lenders to determine if they will approve the funds for your loan.
Fixed Interest Rates – Know your repayments upfront
No Early Repayment Fees – Pay off your loan early without penalty
Risk-Based Pricing – Rates tailored to your credit profile
Fast Online Application – Apply in minutes with instant conditional approval
The Company: Harmoney
There are some positives and negatives for prospective borrowers to consider before using Harmoney as an online lender. As part of the reviewing process for this page, customer feedback and common questions answered on the company website were considered for the overall assessment.
Positives
- Transparent fees include annual interest payments and a one-time establishment fee.
- 24-hour loan funding via website dashboard.
- 100% online application.
- Financial hardship assistance from the Harmoney team.
Negatives
- High dishonour fees. Any legal and related third-party fees spent against a borrower will also be applied to the borrower’s account if enforcement action is needed. Costs charged will be due on the next payment date.
