Investor Presentaiton
Expanding product offering - Car loan update
Buying a new vehicle
Buying a used vehicle
More loan purposes
Do you want to secure
your used car loan?
Secured loan
Pay a lower interest rate
by using your vehicle as
security.
Unsecured loan
This loan does not
require your vehicle to be
used as security.
Product: In January 2023 Harmoney launched its innovative and disruptive car loan product,
empowering customers with cash buyer confidence to buy privately or at the dealership, so
they are not reliant on dealership finance options. Once customers drawdown the funds they
have 60 days to provide Harmoney the car registration and certificate of insurance to keep the
lower secured interest rate, if this isn't provided the interest rate reverts back to the higher
unsecured loan rate.
Progress update: StellareⓇ marketing commenced in late January. Growing from a zero base,
5% of new customer lending was via this product in 2H23, providing an early indication that
customers are finding this disruptive car loan model attractive. Secured arrears 0% at 31 July.
Stellare 2.0: Expected to further boost attractiveness with features such as money in seconds
and targeted experience enhancements.
Car market: Large market, not
historically a focus for Harmoney's
unsecured loan offering, where
interest rates are typically higher
than secured loans.
Disrupting the car finance experience
Jesse M.
01/02/2023
Quick and easy with a very mobile friendly website.
Verified A
Customer
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HARMONEY ©2023
FY23 INVESTOR PRESENTATION
25 AUGUST 2023
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