Lumi business loans
Lumi is an Australian non-bank lender offering unsecured business loans and a business line of credit, with funding up to $1 million. It quotes a total repayment amount upfront rather than a headline annual rate.
Refer Labs is an independent referrer, not Lumi and not a lender. If Lumi fits what you need, we can introduce your enquiry to them; they assess it and make any offer directly to you. Refer Labs is free to use.
$5,000 – $1,000,000Same business dayAFIA Code signatory
Lumi at a glance
- Rate
- Quote-based — priced per loan
- Loan size
- $5,000 – $1,000,000
- Typical speed
- Same business day
- Products
- Term loan, Line of credit
- Establishment fee
- 2.5% of the loan amount
- Industry code
- AFIA Online Small Business Lender Code signatory
Figures are Lumi's advertised terms and can change. Verify current rates and eligibility on Lumi's own site.
Check whether Lumi fits
Tell us what you need. We'll tell you whether Lumi looks like a plausible fit, and which other panel lenders might suit better. One short form, no documents.
Lumi business loans: common questions
- How much can I borrow with Lumi?
- Lumi advertises business loans from $5,000 to $1,000,000. The amount you're offered depends on Lumi's assessment of your business, not the maximum on the page.
- What do I need to qualify for a Lumi loan?
- Lumi generally looks for a business trading for at least 6 months, an active ABN, and consistent revenue the lender can verify. Exact criteria are set by Lumi and can change.
- How fast can Lumi fund a loan?
- Lumi advertises funding same business day once your application is approved and verified. Real timing depends on how quickly your details can be confirmed.
- Does Lumi charge fees?
- Lumi charges an establishment fee of 2.5% of the loan amount, and may charge other fees. Always ask for the full fee schedule and the total cost of the loan in dollars before you sign.
- Is Lumi a legitimate lender?
- Lumi is an established Australian business lender and a signatory to the AFIA Online Small Business Lender Code of Practice. Refer Labs is an independent referrer, not Lumi; we introduce your enquiry with your consent and the lender assesses it.