Lender FAQs

Are the fees I pay Harmoney tax deductible?

Tax considerations for lenders

Written by Mitch
Updated over a week ago

How often is my personal realised annual return (RAR) figure updated?

Realised annual return (RAR)

Written by Mitch
Updated over a week ago

How long does it take for a borrower payment to show up in my account?

Repayments to lenders

Written by Mitch
Updated over a week ago

Why is my account showing a negative cash balance?

Cash balance showing on the lender dashboard

Written by Mitch
Updated over a week ago

Does Harmoney use rounding when displaying payments?

Lender dashboard and portal, borrower repayments

Written by Mitch
Updated over a week ago

What is realised annual return (RAR)?

Written by Mitch
Updated over a week ago

What does it mean when i have a loan in “arrears”?

Written by Mitch
Updated over a week ago

How does Harmoney assess the credit risk of borrowers?

Written by Mitch
Updated over a week ago

What are the risks?

Written by Mitch
Updated over a week ago

What is the unfunded amount on Payment Protect loans?

Written by Mitch
Updated over a week ago

Why does the arrears amount shown in the reports section not match the loan status?

Written by Mitch
Updated over a week ago

What happens if a borrower repays early?

Written by Mitch
Updated over a week ago

Where can I learn more about Payment Protect?

Written by Mitch
Updated over a week ago

What happens in the event of my death?

Written by Mitch
Updated over a week ago

What happens in the event of a borrower's death?

Written by Mitch
Updated over a week ago

Does Harmoney collect on my behalf or do I have to do my own collections?

Written by Mitch
Updated over a week ago

Where can I learn more about Payment Protect?

Written by Mitch
Updated over a week ago

Do funds in Harmoney's trust account earn interest?

Written by Mitch
Updated over a week ago

Do lenders earn the compound interest charged on overdue loan repayments?

Written by Mitch
Updated over a week ago

What happens if Harmoney goes bankrupt?

Written by Mitch
Updated over a week ago

What is a charged off loan? collections process

Written by Mitch
Updated over a week ago