Harmoney Low Rate Car Loan

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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 6.99% (7.69% 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. If you're borrowing less than $5K the loan application fee is just $200, otherwise you'll pay a pretty steep $575 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 6.99% interest rate (7.69% 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 $2,000, all the way up to $50,000.

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.

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.