Introducing Lumi’s new product, Lumi Lux

Your business lending clients have nothing to lose – except interest

The team at Lumi understand that running a small business has just become a bit harder with the current interest rate uncertainty. The Lumi Lux™ product has been created as their response to boost certainty for businesses and reward SMEs for good repayment behaviour.

Instead of interest rates rising, with Lumi Lux™, the interest rates decrease by 25 basis points every six months when repayment promises are kept. For example, a loan with a starting interest rate of 20% will decrease to 19.75% six months after the settlement date and to 19.50% at 12 months.

Lumi Lux™ secured rate-reducing business loans range from $200K to $500K, with interest rates from 14% to 20% (APR) where Lumi and the business owner both swipe right. They’re also getting more serious about long-term relationships, so they have extended the loan term up to 4 years.

Let’s be honest

Lasting relationships require honest communication. That’s why you need to know the APR (annual percentage rate), not the simple interest rate. The Lumi Lux loan rates range from 14% to 20% – depending on years in business, annual revenue and other factors. The establishment fee is 3.5% of the disbursed amount.

Ready to play matchmaker?

Here’s the Lumi partner brochure, which includes the Lumi Lux matrix.

If you have business clients who you believe will be a match, Lumi is ready to have a chat. In addition to the Lumi Relationship Manager, you will also have direct access to a specialist Credit Assessor to workshop applications or discuss applications submitted.

If you’re not sure if you are compatible, get in touch with the team at Lumi to talk it over.

General enquiries
[email protected] | 1300 005 864

For any questions please reach out to your BDM.