Lumi review
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.
This is an independent overview to help you decide whether to enquire. We don't publish our own star ratings, and no lender can pay to be framed more favourably.
Who Lumi tends to suit
- Businesses wanting a larger facility — Lumi funds up to $1,000,000.
- Smaller top-ups: the $5,000 minimum suits modest borrowing.
- Businesses that want revolving access rather than a single lump sum, via the line of credit.
- Time-sensitive needs, given a typical turnaround of same business day.
What to check before you apply
- Lumi prices each loan individually rather than publishing a headline "from" rate, so there's no advertised number to anchor to. Ask for your specific rate (or total repayment) and every fee in writing before you commit.
- Unsecured business finance usually costs more than a secured bank loan. Compare the total cost of the loan, not just the headline rate.
- Confirm the loan term, repayment frequency, and any establishment or early-repayment fees before you sign.
- Lumi is listed as an AFIA Online Small Business Lender Code signatory, which sets conduct and disclosure standards. It is still worth reading the contract in full.
The facts
Rate: Quote-based
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
Verify current terms on Lumi's own site.
See if Lumi fits your business
One short enquiry. We'll tell you whether Lumi looks like a plausible fit and introduce you if it is.
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