Legal

Terms and conditions

1. Loan terms subject to availability.

2. Subject to approval. Harmoney’s unsecured interest rates range from 5.76% p.a. to 24.03% p.a. (Comparison Rate 6.55% p.a. to 24.98% p.a.) and secured interest rates range from 5.66% p.a. to 20.07% p.a. (Comparison Rate 6.45% p.a. to 20.98% p.a.). Rates are offered based on the individual borrower’s credit assessment according to Harmoney’s credit scorecard. In order to be approved you must meet Harmoney’s credit criteria and responsible lending requirements. Fees, charges, terms and conditions apply.

3. Unsecured comparison rate of 6.55% and secured comparison rate of 6.45% are based on a personal loan of $30,000 over 5 years. WARNING: Comparison rates apply only to the example given. Different amounts and terms will result in different comparison rates. Costs, fees, government charges like stamp duty, and cost savings are not included in the comparison rate but may influence the cost of the loan.

4. Establishment fee of $275 for loans up to $5,000 and $575 for loans $5,000 and over. Unsecured fixed rates range from 5.76% p.a. (Comparison Rate 6.55% p.a.) and secured fixed rates range from 5.66% p.a. (Comparison Rate 6.45% p.a.) on 36, 60 or 84 month terms, with no early repayment penalties.

Example loan. A Harmoney Personal Loan of $20,000 borrowed for 36 months with a fixed unsecured interest rate of 5.76% p.a. (comparison rate 6.55% p.a.) the total amount you would need to repay would be $23,062 (made up of $20,000 principal, interest of $2,487 and a $575 establishment fee)