# Harmoney Debt Consolidation — Australia

One loan. One payment. A fresh start.

Multiple repayments across credit cards, store cards, and personal debts. Different due dates, different rates, and no clear end in sight. Each month the minimum payments keep the balances alive but never seem to make real progress.

One fixed payment. One clear end date. A single interest rate that does not change for the life of your loan. You know exactly when you will be debt-free — and every payment takes you closer.

A Harmoney debt consolidation loan rolls your existing debts into one unsecured personal loan. We pay your creditors directly, so your balances are cleared from the start. There are no monthly fees, no early repayment fees, and your rate is fixed from day one.

Typical amount for this purpose: $5,000 – $100,000 — guidance, not a product limit; the loan amount range below applies.

## How consolidation works

- Check your rate: Answer a few questions and get a personalised rate in as little as 3 minutes. This is a soft inquiry — it will not affect your credit score.
- Choose your terms: Pick a loan amount between $5,000 and $100,000 and a term of 3, 5, or 7 years. See your repayments weekly, fortnightly, or monthly.
- We pay your debts: Once approved, we pay your existing creditors directly. 93% of approved loans are paid out within 24 hours.
- One repayment from here: A single fixed repayment replaces all your existing minimums. No surprises, no variable rates, and $0 fees if you want to pay it off early.

## Your debt-free roadmap

Consolidating is the first step. What you do next determines whether you stay on track.

**Close the accounts you paid off.** Paying off a credit card is not the same as closing it. An open card with a zero balance is an invitation to re-borrow. Contact each provider and formally close the account once Harmoney has paid it out.

**Do not take on new debt during your loan term.** Your consolidation loan is designed to clear your existing balances. Adding new credit on top defeats the purpose and puts your budget under pressure again.

**Build a buffer with the cash you free up.** Most people who consolidate see their total monthly repayments drop. Put the difference into a savings account as an emergency fund — even $50 a week adds up.

**Watch your credit score improve.** On-time repayments are reported to credit bureaus. After 6 to 12 months of consistent payments, most borrowers see a measurable improvement in their credit score.

**Consider refinancing later.** After 12 to 24 months of on-time repayments, your improved credit profile may qualify you for a lower rate. You can repay your Harmoney loan early at any time with $0 exit fees.

## Personal Loan (unsecured)

- Interest rate: 5.76% p.a. – 24.03% p.a. (fixed)
- Comparison rate: 5.76% – 24.98% p.a. (NCCP Regulation 100, $30,000 over 5 years)
- Loan amount: $2,000 – $100,000 (increments of $100)
- Terms: 3, 5 and 7 year
- Repayments: weekly, fortnightly and monthly
- Establishment fee: $275 (loans up to and including $4,999) or $575 (loans of $5,000 and over)
- No monthly fees, no early-repayment fee.

### Important information

Harmoney Australia Pty Ltd (ACL 474726, AFSL 474726). Dispute resolution: Australian Financial Complaints Authority, membership 43816.

Comparison rate warning: the comparison rate applies only to the example given (NCCP Regulation 100). Different amounts and terms result in different comparison rates.

The rate offered depends on your individual credit assessment. Fees, charges, terms and conditions apply.