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Rate Ease™

1st Rate-Reducing Business Loan

For Those Who Need it Most

Save up to 11% on Total Interest Charges.
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Graph showing interest rate reducing over time

Pay & Save with Rate Ease™

Meaning that your interest rate will automatically drop every month with each payment. So, how much money could you save?

Let’s take a look at a concrete example. Let’s say you want to borrow $100,000 on a standard business loan of 24 months with weekly repayments of $1,394. With Rate Ease™, your total interest would drop by over 7%. Meaning you could save a total of $3,384 just on interest payments.

Save up to 11% on Interest Charges*

Why don’t you give it a go? Use this calculator to get an estimate of how much interest you could save with Rate Ease™.

*The interest rate reduction percentage varies depending on the loan amount, term and approved interest rate. 11% is the maximum amount of interest saved on a loan over a three year period at 44.5% APR. Read the full Terms & Conditions here.

I’m looking to borrow


How much I’ll be saving


*The simulation above was based on a 104 weeks loan priced at 39.5% APR

We reward your commitment

Save Money With Every Payment

Only make 4 consecutive payments to unlock your monthly Rate Ease™ straight away

Save up to 11% on Interest Charges

Continue with your repayments to ease your rate every month for a maximum of 12 months

Beat Your Own Rate

No more need to refinance in order to get better rates

Here's how it works:


Step 1

Check if you’re eligible for a Lumi Business Loan with Rate Ease™


Step 2

Apply in minutes here. Once approved, funding is possible in 24 hours


Step 3

Activate Rate Ease™ by making 4 consecutive repayments on time

Are you ready to apply for business funding?

You’re only a few online steps away from submitting your business finance application with Lumi.

Tick the boxes to check if you’re ready to apply.

Min 6 months in business
Active ABN or ACN
Min $5,000 monthly revenue

Receive a lending decision within just a few hours


  • show question hide question Am I eligible for Rate Ease?™

    Firstly, well done for making the decision to take your business to the next level. Generally speaking, if you are eligible for a Lumi Small Business Loan of at least $25,000 at an interest rate of 29% or higher, you might also be eligible for Rate Ease depending on the loan terms offered to you. Feel free to call us on 1300 005 864 or send us an email to Also check out our general Terms & Conditions for Rate Ease here

  • hide question How much will my interest rate decrease?

    How much your rate will drop depends mostly on your loan term, including the approved interest rate and length of your loan.

    If you already have a loan with us, get in touch with your Account Manager and they'd be more than happy to provide you with your Rate Ease™ reduction schedule.

    If you're looking to apply for a Lumi Loan including Rate Ease, call us on 1300 005 864 or send us an email to, so we can help you with your application.

  • show question hide question How long will my rate be lowered for?

    Congrats! If your loan got approved with the Rate Ease™ benefit and you've made 4 consecutive repayments, your interest rate will be dropped every month for a maximum of 12 months or for as long as you make your repayments on time.

  • show question hide question How do I activate my Rate Ease™ benefit?

    No need to activate anything. The beauty of Rate Ease™ is that it's that easy. We'll automatically drop your rate every month, starting from month 1, after you've made 4 consecutive repayments, so you can start saving straight away. Your rate will then continue to drop every month for a maximum of 12 months or for as long as you stay up to date with your repayments.

  • show question hide question What if I miss a loan payment? Do I still get my Rate Ease™?

    Customers are only able to receive rate decreases if repayments are made on-time, every-time. If you miss a payment or are late in making a payment, you will be able to keep your existing rate, but you will not be able to access any further decreases, even if you catch up.

What are the Terms & Conditions for the Rate Ease™?

Lumi will offer a Rate Ease™ interest reduction on select new term loans.
  • Rate Ease™ only applies to Term Loans. It’s not applicable to Lumi’s Business Line of Credit product.
  • Rate Ease™ only applies to new term loans. It can not be applied to existing loans.
  • Rate Ease™ interest reductions will be determined at Lumi’s absolute discretion.
  • Customers who fail to meet all their contractual obligations will lose access to the Rate Ease™ Feature.
  • Access to Rate Ease™ and Lumi loan products remains subject to eligibility on new Term Loans at the full discretion of Lumi.
  • Granting the Rate Ease™ during the loan term remains at Lumi’s discretion.

How Can You Benefit from a Small Business Loan

There are a number of business-related expenses that a small business loan can be used for, including:
Purchasing equipment
Maintaining inventory
Managing daily expenses
Paying employee wages
Hiring additional staff
Moving to another business location
Product development
Marketing and promotions

Often, a small business owner will want to invest in these areas to help their business grow, but find the idea of dipping into their cash flow quite daunting. This is where a business loan comes in handy, as it gives you a quick injection of cash to fund your growth, which you simply pay back in small amounts at regular intervals.

Popular Types of Small Business Loans

While there are plenty of different small business loans on offer, not every type will be suited to your needs. Below, we’ve listed two of the most versatile and popular small business loans to provide some more information.

Unsecured Business Loans: An unsecured business loan is a flexible and convenient way to get the finance you need, as you don’t require collateral to obtain the loan. Collateral is something that you or your business owns that you pledge as security for repayment, i.e. your home, vehicle, inventory, etc. Instead, the loan is issued and supported based on your creditworthiness. Therefore, unlike secured business loans, a lender cannot seek repayment by going after your assets. Unsecured business loans are also designed to be easy to obtain, plus you can expect a quick application and approval process - usually within just a few hours. (Read more)

Short Term Business Loans: Short term business loans can be secured or unsecured, but their main difference when compared to the other types of loans is their payment terms and borrowing capacity. Payment terms usually range from 3 to 12 months, while loan amounts are often between $5,000 and $100,000. Due to their shorter payment terms and smaller borrowing capacity, small business owners may find short term loans much easier to apply for and obtain than long term finance. (Read more)

The 5 Components of a Small Business Loan

Small business loans are pretty straightforward, but there are 5 important components that you need to be aware of:

Principle: This refers to the total amount being borrowed

Interest rate: The rate (%) at which you will repay your loan to the lender

Term: The length of your loan

Repayment frequency:: How frequently you must make your repayments i.e. daily, weekly, monthly

Fees or Charges: Additional expenses you must pay on your loan. Your lender should always be upfront about these

Why Choose Lumi for Your Small Business Loan?

Here at Lumi, we provide you with the best of both worlds. Not only are our business loans unsecured, but they also take place on a short term basis, with terms of 3 - 18 months. We offer loan amounts of $5,000 to $500,000, giving your small business the quick injection of cash it needs to thrive.

As a small business ourselves, we know just how valuable and limited your time is, which is why we also offer a fast and simple application process that can be completed online within just minutes. Once approved, your funds will be deposited the following business day, helping you put it to good use ASAP.

How to Apply for a Small Business Loan

If you’re an Australian-registered business who has been in operation for at least 6 months producing a gross annual turnover of $50,000 or more, then you’re eligible to apply for a small business loan with Lumi.

To complete your loan application online, click here to get started. You’ll just need the following on-hand to complete your application:

Your ABN / ACN
Driver’s License
Business bank account details (for online banking)

Got more questions? We'd love to hear from you.

Call us now 1300 005 864