Ignition Credit Reviews

Ignition Credit provides innovative financial solutions with positive customer feedback, highlighting its reliability and user-friendly lending process.

Here are the Trustpilot Reviews from Ignition Credit:

Here are the Reviews from Ignition Credit:

Jerome was great - he was helpful, knowledgeable and responsive to our needs. Nothing was a bother to him. He went way above and beyond in assisting us obtain our car loan. We highly recommend Jerome from Ignition Loans, help you, achieve your financial goals!

Maria and John

Jerome made the process extremely easy for me, he explained all the steps and kept me informed during the whole procedure of setting up my car loan. I will definitely recommend Jerome to my family and friends. Bloody good Job Ignition.

Dadfa Timothy

Awesome service Jerome! What a great experience received by Jerome - he has kept us up to date at each stage of our loan application - I would not hesitate in recommending his services- keep the great work going mate! Many thanks Karl Leitner

CU customer

Ignition Loans provided me with exceptional service throughout the whole process, Jerome, was nothing short of amazing. From the moment I reached out for assistance, Jerome displayed a high level of professionalism, knowledge, and surprisingly genuine care for the outcome. He took the time to understand my needs, patiently answered all my questions, and guided me through each step with clarity and patience. I couldn't be happier with the result.

Ali H

Jerome from ignition car loans was fantastic to deal with and went above and beyond to find me finance , would highly recommend to anyone looking for finance in the future .

Gerald Browne

Jerome is absolutely amazing! Jerome is absolutely amazing! Kept me up to date through out the whole process from start to keys being handed over. Jerome is very knowledgeable about the loan options he recommends and will surely find one suited to your needs. Alvin (seller) extends his thank you to Jerome and said he was very prompt in getting all the paperwork together and closing the deal. Will definitely use again and recommend to friends and family. Many thanks!

Customer

Explore Ignition Credit's Finance Solutions:

Hire Purchase (Asset Finance)

£5,000 – £5,000,000

Finance Lease

£5,000 – £3,000,000

Apply Now!

Explore Ignition Credit's Finance Solutions:

Loan Type:

Hire Purchase (Asset Finance)

Loan Range:

£5,000 – £5,000,000

Loan Terms:

12 months to 7 years

Minimum Turnover and Trading Age:

Typically 12 months trading; start-ups considered with strong guarantor or deposit

Interest Rate / Factor Rate:

6.0% – 13.5% flat (approx. 7.5% – 17.5% representative APR)

Fees:

Documentation fee £150-£295; option-to-purchase fee £50; early settlement rebate available but interest may be charged to term

Loan Type:

Finance Lease

Loan Range:

£5,000 – £3,000,000

Loan Terms:

24 months to 5 years

Minimum Turnover and Trading Age:

12 months trading preferred

Interest Rate / Factor Rate:

6.5% – 14.5% flat (approx. 8% – 18% representative APR)

Fees:

Doc fee £150-£295; secondary period peppercorn rentals (£50-£100 per annum) after primary term; early settlement charges apply

Loan Type:

Operating Lease / Contract Hire

Loan Range:

£10,000 – £1,000,000

Loan Terms:

24 months to 5 years

Minimum Turnover and Trading Age:

12 months trading

Interest Rate / Factor Rate:

Rental factors equivalent to 5% – 12% flat (vehicle residual value dependent)

Fees:

Documentation fee £150-£295; excess mileage/condition charges on return; early termination charges

Loan Type:

Unsecured Business Loan

Loan Range:

£10,000 – £250,000

Loan Terms:

12 months to 60 months

Minimum Turnover and Trading Age:

Minimum 2 years trading and £100,000 annual turnover

Interest Rate / Factor Rate:

9.9% – 24.9% fixed APR (rate-for-risk)

Fees:

Arrangement fee 1% – 3% of loan amount; no early settlement fee after first 12 months (interest rebate applies)

Loan Type:

Refinance / Capital Release (Sale & HP/Lease Back)

Loan Range:

£25,000 – £2,000,000

Loan Terms:

12 months to 60 months

Minimum Turnover and Trading Age:

12 months trading; asset must be unencumbered

Interest Rate / Factor Rate:

7.5% – 14% flat (approx. 9% – 18% APR)

Fees:

Valuation fee may apply (£250+); documentation fee £195; early settlement allowed with rebate

Loan Type:

Personal Vehicle & Leisure Finance (HP/PCP)

Loan Range:

£5,000 – £150,000

Loan Terms:

24 months to 60 months

Minimum Turnover and Trading Age:

N/A – aimed at consumers and sole traders

Interest Rate / Factor Rate:

7.9% – 17.9% representative APR (credit-profile dependent)

Fees:

Documentation fee up to £199; option fee £10 on HP; early settlement allowed with statutory rebate

More About Ignition Credit

Ignition Credit PLC, established in 2000 and based in Truro, Cornwall, is an independent asset finance provider authorised by the Financial Conduct Authority. It specialises in hire purchase, leasing, refinancing, and unsecured business loans mainly for UK SMEs and some consumer vehicle and leisure financing. The lender offers a blend of own-balance-sheet loans and access to specialist funders, making it an option for growing businesses requiring asset-backed solutions or working capital, especially if they can provide security or personal guarantees. For an overview of asset finance and business loans, see these Funding Agent resources.

Key Features of Ignition Credit PLC

Ignition Credit provides a broad product set, combining rapid credit decisions with a personalised service model. It utilises digital tools for ease but still requires some manual intervention. Below are some practical features:

Offers a range of asset finance products with flexible repayment terms including seasonal and balloon options, linking to asset finance solutions.
Fast credit decision turnaround—typically within 24 hours—and often same-day funding after paperwork.
Personalised support through dedicated account managers and a nationwide sales team, consistent with practices discussed in lender profiles.

Funding Eligibility

To qualify for Ignition Credit’s products, businesses generally need a minimum trading history of 12 months for asset-backed loans and 24 months for unsecured loans with a turnover threshold of £100,000 for unsecured products. The lender commonly requires personal guarantees or security on assets. Key eligibility factors include credit history and satisfactory affordability, details of which can be explored in the guides on qualifying for a business loan and guarantor requirements. Additional information on personal guarantees is available in personal guarantee explanations.

Loan Options

Ignition Credit offers several loan types tailored to asset finance needs and business working capital. These include secure hire purchase deals and unsecured loans with varying terms and rates:

Hire Purchase (Asset Finance): Amounts from £5,000 to £5,000,000; terms 12 months to 7 years; representative APR approximately 7.5% to 17.5%. Commonly requires personal guarantees and asset security. For details, see asset finance options.
Unsecured Business Loan: Amounts from £10,000 to £250,000; terms 12 to 60 months; fixed APR from 9.9% to 24.9%, dependent on risk. Requires 24 months trading and personal guarantees. More on unsecured lending can be found at unsecured business loans.

How to Apply

Applications to Ignition Credit can be made online or via phone and email with a relatively quick process. Complete proposals include financial documentation and credit checks. Expect decisions within 24 hours and funding shortly after signed documents are received. Key steps include:

Submit an enquiry or application through the online form.
Provide recent business bank statements, accounts, asset invoices, ID, and deposit proof.
Await credit assessment and decision, with typical turnaround.
Return signed documents electronically or by post and receive funds, leveraging e-signature options.

Funding Agent's Review of Ignition Credit PLC

Ignition Credit suits SMEs seeking flexible, mainly asset-backed finance with quick decisions and personal support. While unsecured loans are available, eligibility is stricter and amounts capped compared to secured deals. The lender’s focus on security and guarantees may be a barrier for some businesses, particularly start-ups. For those considering secured or unsecured lending, or seeking to understand personal guarantees, please refer to Funding Agent’s eligibility guides, guarantor explanations, and asset finance options.

‍