Lumi vs Moula
Lumi and Moula are both Australian non-bank lenders that fund fast and assess more flexibly than a bank, but they diverge on size and how they present cost. Lumi will write up to $1 million and quotes a total repayment amount upfront, which some borrowers find clearer than a rate. Moula caps lower, around $500,000, publishes a from-rate, and relies on reading your bank and accounting data to decide.
Lumi
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.
See Lumi in full
Moula
Moula is an Australian non-bank lender providing unsecured business term loans, assessed largely from a business's bank-transaction and accounting data, with funding from $10,000 up to $500,000.
See Moula in fullSide by side
| Lumi | Moula | |
|---|---|---|
| Advertised rate from | Quote-based | From 15.99% p.a. |
| Loan size | $5,000 – $1,000,000 | $10,000 – $500,000 |
| Typical speed | Same business day | Next business day |
| Products | Term loan, Line of credit or overdraft | Term loan |
| AFIA Code signatory | Yes | Yes |
Advertised figures from each lender's own site, indicative only and not a quote. Your rate and limit depend on the lender's assessment of your business.
The verdict
Choose the frame that helps you decide: Lumi if you want a larger facility or the total-repayment number upfront, Moula if you want a published rate and have clean, readable books. One enquiry with us checks both against your actual situation.
Check which one fits your business
One short enquiry and a person will tell you which of Lumi, Moula and the other lenders we compare your business plausibly fits. Free, no documents, and enquiring won't affect your credit score.
If your loan settles, Refer Labs may be paid a share of the broker's commission, or a commission from the lender. This never changes what you pay, and we are not paid to rank one lender above another. How we make money.