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Harmoney Low Rate Car Loan

Advertiser disclosure
Interest rate from
5.35% p.a.to 19.09% p.a.
Comparison rate from
6.14% p.a.to 19.99% p.a.based on $30,000
over 5 years
Upfront fee

Mozo editorial review Harmoney Low Rate Car Loan - last updated: 16 February 2022

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What's hot
  • Low interest rates from 5.35% (6.14% comparison rate*)
  • No ongoing fees
  • Flexible repayments schedule
What's not
  • $575 application fee if your loan is more than $5K
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 5.35% (6.14% comparison rate*) with 3, 5 and 7-year 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. If you're borrowing less than $5K the loan application fee is just $200, otherwise you'll pay a pretty steep $575 application fee.

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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 5.35% interest rate (6.14% 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 1-7 years in either weekly, fortnightly or monthly instalments. You can also choose to get a loan from as low as $2,000, all the way up to $70,000.

Who is it 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.

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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.

And make sure that you set up automatic repayments so that you never have to worry about missing a repayment due date. If you do miss it, you'll need to pay a $15 late payment fee. 


Rates and fees information correct as at 20 May 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.


5.35% p.a.to 19.09% p.a. fixed

6.14% p.a.to 19.99% p.a.based on $30,000
over 5 years







Other financial bits



3 Years

7 Years



Weekly, Fortnightly, Monthly



Establishment fee is added to the loan amount and interest is charged on the total amount.

Establishment fee is $275 for loans under $5,000.

WARNING: 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. 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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