Unsecured term
Lumi Unsecured Term Loan
- Unsecured
- Same-day decisions
- Daily or weekly repayments
Current rate: published on Lumi's own rate card
Specialist
Lumi Finance
Digital SME lender with same-day decisioning on unsecured term and line of credit products. Fintech-style underwriting using bank-feed analytics.
SydneyFounded 2018
Lumi at a glance
Lumi Finance is a specialist non-bank lender. It offers business loans.
- Lender type
- Specialist
- Bank or non-bank
- Non-bank lender (not an ADI)
- Lends
- Business loans
- Headquarters
- Sydney
Strengths
- Same-day decisions
- Bank-feed-based underwriting
- Strong app experience
Watch out for
- Pricing reflects unsecured risk premium
- Smaller maximum loan size
Lumi loans and products
What Lumi offers in each category, with the features, eligibility and trade-offs we note. For the current rate on each product, follow the link to Lumi’s own rate card.
Lumi business loans
Compare business loans lendersAlternatives to Lumi
Other lenders in our directory that offer business loans, starting with other specialist lenders.
Lumi: frequently asked questions
Is Lumi a bank?
No. Lumi is a non-bank lender: it is not on APRA’s register of authorised deposit-taking institutions (ADIs), the list of banks, building societies and credit unions licensed under the Banking Act 1959. It lends to businesses, and business lending is not covered by the National Credit Code.