Harmoney slashes personal loan rate by 1.64 percentage points

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on June 10, 2021
Harmoney slashes personal loan rate by 1.64 percentage points

Personal lender Harmoney cut its unsecured personal loan interest rate today by 164 basis points, or 1.64%.

The advertised rate is now 5.35% p.a. (6.14% p.a. comparison rate*), and is for borrowers with an 'Excellent' credit rating.

The minimum loan term is three years and the maximum five; borrowers can borrow between $2,000 and $50,000.

For loans less than $5,000, the establishment fee is $275, and is $575 for loans over that amount.

There are no monthly account keeping or early repayment fees, and borrowers can repay weekly, fortnightly or monthly.

A number of other Harmoney unsecured personal loans for a variety of credit ratings were also varied by up to 570 basis points (5.70%). 

More to come...


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In the market for a personal loan? The table below features personal loans with some of the lowest interest rates on the market.

Lender

FixedUnsecuredN/AMore details
APPLY ONLINE
  • No extra repayment or early exit fees
  • No ongoing fees
  • Up to $75,000 in loan amounts
  • Funding approved within 24 hours
APPLY ONLINE

Low Rate Personal Loan Unsecured (Excellent Credit)

  • No extra repayment or early exit fees
  • No ongoing fees
  • Up to $75,000 in loan amounts
  • Funding approved within 24 hours
VariableUnsecuredN/AN/AMore details
NO ONGOING FEES
  • No application fees
  • No ongoing fees
  • Apply online
NO ONGOING FEES

Plenti Personal Loan (Excellent Credit Rating) (Variable)

  • No application fees
  • No ongoing fees
  • Apply online
FixedUnsecuredN/AMore details
CHECK YOUR RATE IN 2 MINUTES
  • No ongoing fees
  • No early exit charges
  • Apply online
CHECK YOUR RATE IN 2 MINUTES

Unsecured Loan (Excellent Credit)

  • No ongoing fees
  • No early exit charges
  • Apply online
FixedUnsecuredN/AMore details
FUNDING WITHIN 24 HOURS
  • 2-min rate estimate
  • Flexible repayments
  • No monthly, ongoing or early repayment fees
FUNDING WITHIN 24 HOURS

Liberty Personal Loan (Excellent Credit History)

  • 2-min rate estimate
  • Flexible repayments
  • No monthly, ongoing or early repayment fees

*Comparison rates based on a loan of $30,000 for a five-year loan term. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate, Rates correct as of June 25, 2022. View disclaimer.


Photo by Sergey Shmidt on Unsplash

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author-avatar
Harrison is Savings.com.au's Assistant Editor. Prior to joining Savings in January 2020, he worked for some of Australia's largest comparison sites and media organisations. With a keen interest in the economy, housing policy, and personal finance, Harrison strives to deliver and edit news and guides that are engaging, thought-provoking, and simple to read.

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