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Harmoney Unsecured Personal 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
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Mozo editorial review Harmoney Unsecured Personal Loan - last updated: 10 February 2022

4 / 5
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What's hot
  • Competitive rates for creditworthy borrowers
  • No ongoing fees
  • Loan top up feature
What's not
  • $575 upfront fee once loan is funded
Mozo snapshot

The Harmoney unsecured personal loan isn’t your average loan, as it’s funded by investors - otherwise known as peers - rather than the provider itself. So if you’re in the market for a low interest rate, no ongoing fees and the flexibility to make early repayments Unsecured Personal Loan from Harmoney could be the perfect match for you.

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Key features

With competitively low fixed rates starting from only 5.35% (6.14% comparison rate*) and nifty account features, such as a redraw facility to access extra repayments, the unsecured personal loan offered by Harmoney has a lot going for it.

While Harmoney interest rates start lower than the average unsecured personal loan, depending on the borrower’s credit history, they can climb all the way up to 19.09% (19.99% comparison rate*), making this loan more suitable for those with strong credit ratings.

Harmoney sources its cash from peers who invest money via its online marketplace and offers $2,000 to $70,000 loans. When you want to borrow more, you can apply to top up your funds for a $575 fee payable on approval. Harmoney loan terms can be either 3, 5 or 7 years, on a repayment frequency of your choice - either weekly, fortnightly or monthly.

And because Harmoney is totally online, you'll pay no admin fees. Just keep in mind, the cost to advertise your loan request on Harmoney’s peer to peer platform is $575 (but you’re only charged for it after the loan is successfully funded). And if your loan amount is under $5,000, you'll only pay a $200 fee. 

Who is it good for

Aussies looking to make small or medium sized purchases using a personal loan that comes with a competitively low fixed interest rate, in return for their top notch credit rep.

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Any catches

You’ll need to pay $575 upfront once your loan has been funded by peers (or $200 if the loan amount is under $5,000). And don’t forget, that a poor credit history will lead to a higher rate with Harmoney.

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Ava Crawford
Money writer

Ava Crawford is an experienced journalist, specialising in credit cards, personal loans and buy now pay later platforms here at Mozo. Ava has also produced digital content for Foxtel's LifeStyle and FOXArena, and has contributed to notable outlets such as The New York Times and ITV. She attended New York University and completed a degree in English and American Literature. She is also ASIC RG146 (Tier 2) certified for general advice.


Rates and fees information correct as at 13 August 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

5 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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