[Home](/) > [Loans](/loan/) > [Short Term Loan](/loan/short-term-loan) > [$2,000](/loan/short-term-loan/2000) > 7 years

# 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-loan)
- [Car Loan](/car-loan)

## Popular purposes

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

## What customers say about short term loan

4.8 out of 5 from 39,386 reviews
ShopperApproved (37,113) · Google (2,098) · TrustPilot (175)

> "The process was very convenient, you can do it all thru online. And the team are very accommodating and fast.
I got my approved loan in just a short time. If you have financial problems, Harmoney really answers your prayers."
>
> — Tina, Yesterday (TrustPilot), 5/5 stars

> "So much helpful wheen needing emergency fund... thankyouuu"
>
> — Rosalina, 1 year ago (ShopperApproved), 5/5 stars

> "Awesome service.. Short and no hassles"
>
> — Kaylene A., 4 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., 3 years ago (ShopperApproved), 5/5 stars

> "always helpful in such short notice and reliable - thank you"
>
> — Mills A., 3 years ago (ShopperApproved), 5/5 stars

> "I'll recommend to anyone how efficient and reliable service that you provide for myself at short notice."
>
> — Richard M., 4 years ago (ShopperApproved), 5/5 stars

> "Great company, very efficient and so easy! Wonderful and helpful staff! Highly recommend!! "
>
> — Mandy, Yesterday (TrustPilot), 5/5 stars

> "Great service and outcome "
>
> — Customer, Yesterday (TrustPilot), 5/5 stars

> "You made a stressful situation so easy and seamless. Thank you for your dedication to the customer experience. Highly recommend you, glad I listened to the great recommendation from friends. The lowest interest rates thus far."
>
> — Too A., Yesterday (TrustPilot), 5/5 stars