Payment Protect is an optional addition to your Harmoney loan. Approval for a Harmoney loan is not conditional on taking out Payment Protect.

If you wish to add any kind of Payment Protect repayment waiver, you must be:

  • aged between 18 and 65
  • a New Zealand resident

And to be eligible for Payment Protect Complete cover you must be:

  • Permanently employed for at least 20 hours a week and have held that position for at least three months, OR
  • Self-employed for at least 20 hours a week.
Did this answer your question?