Your selected personal loans
Harmoney is an online peer-to-peer lender that connects borrowers directly with investors, offering competitive fixed-rate personal loans based on your credit score. Known for its fully online application process, Harmoney aims to have a quick turnaround in distributing funds after loan approval.
Your selected personal loans
I had a highly disappointing experience with Harmoney Loans, and I would not recommend their services to anyone. The only positive aspect of Harmoney Loans is their online application process, which is relatively straightforward and user-friendly. However, this alone does not outweigh the numerous issues I encountered. The interest rates offered by Harmoney Loans are exorbitant. Despite having a good credit score, the rates quoted were significantly higher than those of other lenders. This makes the loans very costly over time. There are several hidden fees associated with Harmoney Loans that are not made clear upfront. This includes application fees, early repayment fees, and administration fees that quickly add up, making the loan much more expensive than initially anticipated.The customer service experience was abysmal. It was difficult to get in touch with a representative, and when I finally did, they were unhelpful and often provided conflicting information. Resolving issues took an excessive amount of time and effort.
Harmoney is an online peer-to-peer lender that connects borrowers to investors to provide personal loans with tiered-based fixed rates based on the borrower's creditworthiness.
Harmoney offers unsecured personal loans for a range of purposes, such as debt consolidation, home renovations and other large expenses.
To apply for a Harmoney personal loan, head to the Harmoney website and complete an online application. You’ll need to provide your ID, proof of income, and some details about the purpose of the loan. According to Harmoney, borrowers can expect to receive their funds within 24 hours of approval (give or take).
Currently, Harmoney charges a one-time establishment fee of $575 (or $375 for loans under $5,000). However, there aren’t any annoying service fees, exit fees or early repayment penalties.
* 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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