Harmoney Unsecured Personal Loan

Be very careful with this loan company they are terrible. Interest rates are charged at very expensive rates 25%. Then they offer us a top up at a reduced rate of 24%. I pay $547 a month repayment and $350 goes to interest and the remainder to the loan. I paid extra repayments weekly which they took as interest also. Wish we never accepted the loan. After 2 years I’m still paying $350 a month interest.

I applied for 4k with a $100 a month repayment. Took them 10 days to respond and still they asked for the same documents I have already provided. I spoke to 20 different people and not one of them speaks clear english. They wanted my banking logon details once I sent the statements to them. I damaged my credit rating (which is top notch) by applying through this scam company. Upon further checking they are not even regulated, which spells "DANGER!". I advised finance ombudsman of their shady practices as well as my bank incase they decide to use the info provided to them for a loan. Worst finance company I have dealt with in 30 years, avoid at all costs, you have been warned!

This loan is only for desperate people with no options. I applied for a $70,000 loan to renovate my house. I got a loan approval for $14,075 with an interest rate of 28.69% for 5 years. If I accepted I would end up paying $13,085 in just interest. I refused their offer. On their website it said interest rates start at 5.89%. I think the government, RBA and ACCC should look in these type of short loans. Many people who take this short loan out of desperation can easily get entrapped into bigger problems. Hope people use their common sense before taking up a loan like this.

It is efficient in accepting and providing funds quickly on application. Customer service is very good and the interest rate is great.

Consolidating debt into a single loan with low to reasonably competitive fees is no problem with these guys, and they are fast!