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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-loan)
- [Car Loan](/secured-loan)

## Popular purposes

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

## What customers say about short term loan

4.8 out of 5 from 20,957 reviews
ShopperApproved (18,693) · Google (1,897) · ProductReview (367)

> "Harmoney got information of my assets, liabilities, my historical financial stability in addition to taking into consideration a short term financial situation. In comparison to other lenders that take a quick financial snap shot which isn't an accurate reflection of long term financial behaviours."
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> — Bradley B., 4 years ago (ShopperApproved), 5/5 stars

> "able to get loan quickly and easily. Great help"
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> — Allison F., 4 years ago (ShopperApproved), 5/5 stars

> "Easy process, no BS, approved the loan very quickly."
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> — Rand E., 4 months ago (Google), 5/5 stars

> "Very helpful in the short amount of time"
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> — Maggie F., 4 years ago (ShopperApproved), 5/5 stars

> "Very easy to apply for a loan and love that you can repay early without any fees"
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> — Philip B., 5 years ago (ShopperApproved), 5/5 stars

> "Everything went well, was handled quickly and I like the option to repay the loan weekly"
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> — Thomas B., 5 years ago (ShopperApproved), 5/5 stars

> "Always easy and fantastic results"
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> — Michael G., Yesterday (Google), 5/5 stars

> "I can't recommend Harmoney enough for their thorough yet simple process. They are the only ones willing to give me a second chance and consider my loan application. To those in desperate need, please consider this company – they are truly amazing, and I have no words to express my sincere gratitude for what they have done for me."
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> — Geraldine E., 6 days ago (Google), 5/5 stars

> "I had a really good experience with Harmoney from start to finish. The team was friendly, professional, and always happy to answer my questions. They took the time to work with their credit team and were able to negotiate a better interest rate for me, which I really appreciated.

The whole process was straightforward, communication was excellent, and I never felt pressured. They kept me updated every step of the way and made everything easy to understand.

Thanks again to everyone at Harmoney for all your help and support. I really appreciate everything you’ve done for me, and I’d definitely recommend Harmoney to anyone looking for a personal loan."
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> — Taio, 1 week ago (Google), 5/5 stars