Business Loans
Updated: 14. 04. 2026
Lumi Finance Business Loan – review 2026
Pros
- Terms up to 36 months longer than many SME lenders
- Both unsecured and secured options available
- Open Banking integration for faster assessment
- Minimum loan of AUD 5,000 suitable for small businesses
- ASIC-licensed lender
Cons
- Effective rates can be high particularly for shorter unsecured loans
- Maximum AUD 300,000 lower than some competitors
- Daily repayments required
- Less established brand than major fintech lenders
- Property security required for larger secured loans
Lumi Finance Review
Lumi Finance provides working capital finance to small businesses from AUD 5,000 to AUD 300,000 with terms from 3 to 36 months. The longer maximum term of 36 months differentiates Lumi from some competitors limited to 24 months.
Lumi uses Open Banking and accounting software data in its credit assessment, which can accelerate approval times. Both unsecured and secured (property or assets) options are available.
Requirements
- Australian-registered business with ABN
- Minimum 6 months trading history
- Minimum monthly revenue AUD 5,000
- 100 points of ID for director
- Australian citizen or permanent resident director
Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.