Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 5.35% would cost $34,832.61 including fees.
The website says it calculates interest daily and applies it monthly but it doesn't. it applies it at every payment you make. The borrower statement does not show you when interest is due to be charged it just shows you how much interest was debited from each payment you make.
Easy application process, send monthly reminders 5 days prior to loan payment due, i have a great credit rating and given 10.99% interest rate where i should have gotten a lower one at 6.99, $400 fee to top up your loan, send you out invitations yearly to top up your account. Each time it goes on your credit report. No complaints except interest rate i was given and the very high fees.
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.
Harmoney provides a service for unsecured personal loans like no bank has ever offered me. The ease and simplicity I experience during the online application and approvals process was amazing.
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Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.45% would cost $34,590.57 including fees.
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.75% would cost $35,190.18 including fees.
Terms from 2 to 7 years. Representative example: a 5 year $30,000 loan at 5.95% would cost $34,757.21 including fees.
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.75% would cost $34,840.18 including fees.
Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 6.49% would cost $35,210.64 including fees.
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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