Harmoney Business Loans

Harmoney was the first peer-to-peer lending company that acquired a lending license in New Zealand. They combine financing with technology, assessing creditworthiness based on objective data, which rids the process of bias and subjectivity. Harmoney aims to deliver competitive services through continuous improvements, no matter the circumstances. 

As a standard in peer-to-peer lending, Harmoney lets Kiwis and companies get loans conveniently. Harmoney loans can be acquired through their online platform. This means no waiting in long lines or unnecessary travelling. You can communicate with Harmoney’s experts right at the comfort of your home, and provide them with important personal details and the amount you’re aiming to borrow.

Are Harmoney business loans the best options for you? Compare Harmoney business loans against other offers with glimp to find out.

harmoney business loans nz

Why apply for Harmoney Business Loans?

When you’re in need of business financing, you can lose sight of the business itself if the loan is dragging you down. Harmoney aspires to avoid this and opts to make your business loan helpful and not stressful right from the start. Harmoney registers the loan under your name so you can get it faster and with less paperwork.

All Harmoney loans are unsecured and you don’t have to worry about rendering any property as security. Because it’s 100% online, you can get your loan within 24 hours which means you don’t have to sacrifice much of your time. 

Is a Harmoney business loan right for you?

With less paperwork and no security required, Harmoney loans fit the needs of all types of businesses, especially small businesses. Small businesses usually find it difficult to get financing when needed because there aren’t enough physical assets and the profits don’t meet the lender’s requirements. With Harmoney, Kiwis are welcome, especially those who need to take out a business loan quickly.

Harmoney Business Loans - Interest Rates & Terms

Fee and charges

Harmoney is transparent about their fees and doesn’t apply hidden charges. Right from the start, they’ll set your expectations straight and explain the fees and charges that will apply to you. 

  • Establishment fee: $200 for loans under $5,000; $450 for loans $5,000 and over
  • Dishonour fee of $15 will be added to the account whenever proper repayments aren’t followed
  • Overdue fee of $20 whenever a payment hasn’t been made in full
  • Legal fees may also apply when enforced action is necessary

Unsecured business loans

For unsecured Harmoney loans, interest rates may vary between 6.99% p.a. – 24.69% p.a. with a loan term of 3 or 5 years and a weekly, fortnightly or monthly repayment schedule. The interest rate for your loan is fixed and won’t be changed in the duration of the loan. You can borrow any amount ranging from $2,000 to $70,000 as long as you meet Harmoney’s lending criteria.