Harmoney Low Rate Car Loan

5.95% p.a.to 26.95% p.a.

6.64% p.a.to 28.21% p.a.based on $30,000
over 5 years


Harmoney Low Rate Car Loan Review

Review published: 11 May 2018

What's hot:

  • Low interest rates from 5.95% (6.64% comparison rate)

  • Flexible repayments schedule

  • No ongoing fees

What's not:

  • $500 application fee

Mozo snapshot:

Car loans are great for allowing you to get the wheels you want, when you don’t have all the funds to do so. Harmoney Low Rate Car Loan offers an interest rate from 5.95% (6.64% comparison rate) with 1-5 years terms, and weekly, fortnightly or monthly repayments. To go with these good features, the loan has no ongoing fees, no early repayment fee, and allows free extra repayments. Just watch out for the pretty steep $500 application fee.

Key features:

If you’re looking for a new car, you’re probably looking for a car loan too. Well good news, the Harmoney Low Rate Car Loan offers fixed interest rates starting from 5.95% interest rate (6.64% comparison rate) depending on your credit history.

If you’re keen to shave off some interest costs, you’ll be able to make free extra repayments on your loan. And if you want to go all the way and pay off your loan early, you can do so without being lumped with any sort of early repayment penalty. Plus there are no ongoing service fees, that might catch you out each month.

When you’re repaying your car loan you want to have a schedule that best fits with your budget. Fortunately with Harmoney Low Rate Car Loan’s flexible repayment terms, you can choose to pay your loan over a range of 1-5 years in either weekly, fortnightly or monthly instalments. You can also choose to get a loan from as low as $5,000, all the way up to $75,000.

Who it's good for:

Since Harmoney Low Rate Car Loan personalises your interest rate, based off your credit history, those with excellent credit scores are going to benefit most from the lowest interest rate available.

Any catches?

On the other side, if you don’t have a great credit score, you may find yourself paying a much higher interest rate that should be avoided if you can.

The Mozo community has not yet rated Harmoney for this personal loan.


  • Fixed

  • 5.95% p.a.to 26.95% p.a. fixed

  • 6.64% p.a.to 28.21% p.a.based on $30,000
    over 5 years


  • $500.00

  • $0.00

  • $15.00

  • $0.00

  • $0.00

Other financial bits

  • $5,000.00

  • $70,000.00

  • 1 Year

  • 5 Years

  • Vehicle


  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • none

  • none

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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