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Lumi is an Australian fintech lender specialising in business financing solutions. Operating entirely online, they've established themselves by focusing on streamlined application processes and quick funding application approvals for small and medium enterprises. With a digital first approach, Lendi aims to simplify business lending through modern technology and paperless applications.
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Lumi business loans
Unsecured Business Loan
Interest rate
Upfront fee
Funding speed
from 9%
-
Within same day
No Partner link
Details Close
Interest Rate
from 9%
Upfront Fee
-
Ongoing Fees
2.5% establishment fee of the disbursed amount.
Late payment fee
$50.00
Transaction fee
$0.00
Early repayment penalty
$0.00
Other fees
-
Loan type
Loan
Security type
Unsecured
Minimum loan amount
$10,000
Maximum loan amount
$750,000
Minimum loan term
3 months
Maximum loan term
5 years
Funding speed
Within same day
Application speed
within 24 hours
Approval speed
2 hours
Minimum trading period
6 months
Minimum annual turnover
$50,000
Exit fee
$0.00
Repayment frequency
Weekly
Repayment types
Principal & Interest
Card access
no
Redraw allowed
yes
Extra repayments allowed
yes
Other benefits
Early payout options and early repayment discounts are available. Principal-only payout available after 6 months.
Other restrictions
Loans above $300,000 must be secured by property.
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Join the 35K+ subscribers who receive our weekly Moneyzone newsletter, showcasing the latest rate movements, exclusive deals, money-saving hacks, and expert insights from Mozo.
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
Disclaimer
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We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.
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