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# Repay sooner with a shorter term

A shorter loan term means higher repayments but significantly less total interest. A Harmoney personal loan over 3 years costs less in total than the same amount over 5 or 7 years — and you are debt-free sooner.

The total cost of a loan depends on both the rate and the term. A {{currency_symbol}}10,000 loan at the same interest rate costs less in total interest over 3 years than over 7 years — the difference can be thousands of dollars. If your budget can handle higher repayments, a shorter term saves money. Use the calculator on this page to compare 3, 5, and 7 year terms side by side. And if your circumstances change, you can pay off a Harmoney loan early at any time with $0 exit fees.

## Available products

- [Personal Loan](/personal-loans)
- [Car Loan](/secured-loans)

## Popular purposes

- [Debt Consolidation](/personal-loans/debt-consolidation)
- [Home Improvements](/personal-loans/renovation-loan)
- [Holiday Expenses](/personal-loans/travel-loan)
- [Purchase Used Vehicle](/personal-loans/used-car-loan)
- [Purchase New Vehicle](/personal-loans/new-car-loan)
- [Business Cash Flow](/personal-loans/business-loans)

## What customers say about short term loan

4.8 out of 5 from 39,419 reviews
ShopperApproved (37,113) · Google (2,130) · TrustPilot (176)

> "What an absolute pleasure. Never thought I would be able to breathe again so quickly after an emergency . Everything went exceptionally fast. They had clear and precise instructions and I could do what was necessary in under 2 hours. Wow is all I can say."
>
> — Karla S., 6 days ago (Google), 5/5 stars

> "Thank you so much ...so helpful so quick so easy...you have absolutely made our year, month, day I will recommend harmoney to all our
colleagues friends and family"
>
> — Natasha V., 5 years ago (ShopperApproved), 5/5 stars

> "Helpful and easy. Recommend to help short term stress and being able to pay back as soon as you can helps. I have a job where my commission is paid at the end of each month, this loan will help me in the meantime to afford urgent things, and I can pay back in chunks."
>
> — Olivia M., 4 years ago (ShopperApproved), 5/5 stars

> "Very efficient and understanding. Loan has fixed term interest rate."
>
> — Phil, 1 year ago (ShopperApproved), 5/5 stars

> "Fast and prompt at a busy time of year"
>
> — Sharon S., 4 years ago (ShopperApproved), 5/5 stars

> "always helpful in such short notice and reliable - thank you"
>
> — Mills A., 4 years ago (ShopperApproved), 5/5 stars

> "No mumbo, jumbo. Quick and easy application process with no unexpected hidden "surprises"
Very happy with my entire experience with Harmoney from start to finish...thank you"
>
> — Renee J., 6 days ago (Google), 5/5 stars

> "Been using Harmoney now for awhile always good service and fast. Try them see for yourselves. Two thumbs 👍"
>
> — David L., 6 days ago (Google), 5/5 stars

> "Safety and Easy to navigated."
>
> — Thais T., 1 week ago (Google), 5/5 stars