HomeBusiness LoanLumi Price Ease™: The First Enterprise Mortgage That Drops Your Price!

Lumi Price Ease™: The First Enterprise Mortgage That Drops Your Price!

Say what?! Sure, you’ve learn that proper. At Lumi we’ve simply launched a brand new enterprise mortgage profit referred to as Price Ease™, which implies that we are going to reward eligible* clients for repaying their mortgage on time by routinely dropping their rate of interest each month. Growth! 

As a small enterprise lender we’ve seen first hand the affect of the present financial challenges, together with rising inflation and excessive rates of interest, on SMEs’ enterprise efficiency and their capability to borrow cash. 

Not solely is it getting tougher and tougher for a lot of companies to get a mortgage accepted, but it surely’s additionally getting costlier, particularly for impacted or youthful companies with a not quite perfect credit score. Whereas we equally perceive a lender’s must cost a better price for such companies, we consider it’s solely honest that their price drops as they show to be accountable and dependable debtors by holding their fee guarantees. 

Primarily our purpose with Lumi Price Ease™ is to assist these companies paying a better rate of interest entry a lot wanted funding in a accountable approach that can enable them to thrive not simply survive. 

Why? As a result of at Lumi we all know that SMEs are the spine of Australia’s financial system and we make it our mission to assist these with problem getting funding from conventional lenders, to beat these monetary obstacles by providing quick, honest and versatile funding options tailor-made to their particular person wants. 

So, relying on their monetary circumstances and mortgage necessities Price Ease™ might assist SMEs get a extra reasonably priced mortgage and permit them to save as much as 11% in curiosity, translating into 1000’s of {dollars} again into their checking account. 

Right here’s What It Seems Like In Motion: 

For a Lumi Enterprise Mortgage of $100,000 on a 24 month-term and weekly repayments of $1,394, clients might save over $3K or 7%  in curiosity. 

Eager to see how a lot you can probably save with Lumi Price Ease™ ? Take a look at our useful calculator on our web site. 

Right here’s How It Works:

Step 1: Verify should you’re eligible for a Lumi Enterprise Mortgage with Price Ease™. You’ll be able to learn extra concerning the Phrases & Circumstances right here. You too can converse with certainly one of our beautiful crew members to know if your small business would qualify. Name us on 1300 005 864 or drop us an e-mail at gross sales@lumi.com.au.

Step 2: If you’re eligible and wish to apply. You are able to do so right here. Our simple on-line utility takes only some minutes to finish. Offered you’ve given us all of the required data, you’re going to get an consequence inside a number of enterprise hours. As soon as accepted, you may obtain your cash inside 24 enterprise hours. 

Step 3: Keep on prime of your small business mortgage repayments. Take pleasure in seeing your price drop each month for a most of 12 months, after you’ve made 4 consecutive funds and for so long as you retain making repayments on time.


How Do I Know If I’m Eligible For Price Ease™

Most often, should you qualify for a Lumi Small Enterprise Mortgage of $25,000 or extra at an rate of interest of 29.95% or increased, you may additionally meet the eligibility standards for Price Ease™, topic to the precise phrases of your mortgage supply. Please don’t hesitate to succeed in out to us at 1300 005 864 or drop us an e-mail at gross sales@lumi.com.au.

How A lot Will The Curiosity Price Drop? 

The extent to which your rate of interest decreases primarily hinges in your mortgage time period, encompassing the accepted rate of interest and the length of your mortgage.

If you’re at the moment a mortgage holder with us, don’t hesitate to contact your devoted Account Supervisor, who will fortunately give you all the main points. 

For these looking for to use for a Lumi Mortgage that features Price Ease™, you may attain out to us at 1300 005 864 or ship us an e-mail at gross sales@lumi.com.au, and our crew will probably be very happy to help you along with your utility.

How Lengthy Will My Price Lower For? 

In case your mortgage has been accepted with the Price Ease™ profit and also you’ve efficiently made 4 consecutive repayments, your rate of interest will probably be lowered every month for a most of 12 months or for so long as you proceed to make well timed repayments.

How Can I Activate My Lumi Price Ease™?

There’s no must undergo any activation course of; the simplicity of Price Ease™ speaks for itself. Your rate of interest will probably be lowered routinely each month, starting within the very first month, so long as you’ve made 4 consecutive repayments. 

This implies you may start having fun with financial savings proper from the beginning. Your rate of interest will progressively lower each month for as much as a most of 12 months. Or for so long as you stay present along with your repayments.

Do I Nonetheless Get Lumi Price Ease™ If I Miss My Mortgage Reimbursement?

No. Clients can solely profit from price reductions after they constantly make on-time funds. Within the occasion of a missed or delayed fee, clients will keep their present price however received’t be eligible for future price reductions. Even when they later develop into present on their funds.

*What You Ought to Know About Lumi Price Ease

Lumi will supply a Price Ease™ curiosity discount on chosen new time period loans.

  • Price Ease™ solely applies to Time period Loans. It’s not relevant to Lumi’s Enterprise Line of Credit score product.
  • Price Ease™ solely applies to new time period loans. It cannot be utilized to present loans.
  • Price Ease™ curiosity reductions will probably be decided at Lumi’s absolute discretion.
  • Clients who fail to satisfy all their contractual obligations will lose entry to the Price Ease™ profit.
  • Entry to Price Ease™ and Lumi mortgage merchandise stays topic to eligibility on new Time period Loans on the full discretion of Lumi.
  • Granting the Price Ease™ through the mortgage time period stays at Lumi’s discretion.



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