Top 10 Lenders to Secure £100,000 HGV Finance in 2026
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Top 10 lenders for £100,000 HGV finance compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Lombard | Established haulage firms needing larger HGV fleets | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 2 | Liberty Leasing | Owner-operators seeking flexible HGV asset finance | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Fleximize | Growing transport businesses with £150k minimum turnover | £10,000 to £500,000 | interest 0.9% to 3.6% monthly |
| 4 | One Stop Business Finance | New haulage startups needing £100,000 minimum HGV funding | £100,000 to £3,000,000 | interest 1.6% to 3% monthly |
| 5 | Nationwide Finance | Growing transport firms comparing HGV asset finance options | £10,000 to £500,000 | interest 4.5% to 11% monthly |
| 6 | Novuna | Established logistics companies funding single or multiple HGVs | £10,000 to £5,000,000 | interest 4.5% to 12.5% monthly |
| 7 | HSBC Bank | Haulage businesses wanting bank-backed HGV finance | £1,000 to £300,000 | interest 8.6% to 11.3% annually |
| 8 | Barclays | Large transport fleets requiring high-value HGV funding | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 9 | NatWest Bank | Well-established hauliers with strong annual turnover | £500 to £10,000,000 | interest 4.5% to 10.5% annually |
| 10 | Virgin Money | Later-stage transport operators comparing bank HGV finance | £30,000 to £10,000,000 | interest 4.5% to 10.5% annually |
Asset finance lets transport businesses spread the cost of a heavy goods vehicle over time while the vehicle itself serves as security for the lender. This structure works well for haulage and logistics firms because HGVs are high-value, income-generating assets that hold measurable resale value. A £100,000 facility typically covers a late-model tractor unit or a pair of rigid trucks, helping operators grow fleet capacity without draining working capital.
Choosing the right lender involves more than comparing interest rates. Transport businesses should weigh the deposit percentage each lender requires, as this directly affects upfront cash flow. Repayment term flexibility also matters because longer terms reduce monthly outgoings but increase total cost. Check whether the lender funds new, used, or both types of HGV and confirm any age restrictions on vehicles they will finance. Also compare early settlement terms, as haulage firms often upgrade fleet before the agreement ends.
Important note:
Funding Agent
Published loan rangeFrom £10,000 to up to £1,000,000
Rate typeInterest from 6.8% annually
Why it is included:It is included because many business owners need to compare several finance routes before choosing where to apply.
Funding Agent can help businesses compare suitable options across a lender panel, especially when eligibility depends on turnover, sector, trading history, credit strength and available documents.
Best use case: When the borrower wants to avoid applying to one lender at a time.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Why it stands out
- Useful when a business wants to compare lender fit rather than guess which lender to apply to first.
- Can help position the application around the funding purpose, trading profile and available documents.
- Works well as a conversion route for readers who are unsure whether a direct lender will approve a larger unsecured facility.
Need to know
- Funding Agent is a broker, not a lender.
- The lender, not Funding Agent, sets the final rate, term, fees and approval decision.
- The best match may be unsecured, secured, revolving credit, invoice finance or another product depending on the case.
Expert take
Funding Agent is a useful honourable mention for business owners who want to compare lender options before submitting a full application. A larger unsecured loan is not always approved by the first lender a business finds, so understanding lender fit early can reduce wasted time and avoid unnecessary declines.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Interest rates from 4% make Lombard one of the more cost-effective routes for haulage businesses financing a heavy goods vehicle. As a long-established asset finance specialist, it underwrites the vehicle itself as security, which can preserve working capital. Approval tends to favour operators with solid trading histories and clean credit.
Best next step: Check Lombard's HGV finance rates through Funding Agent
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low starting rates for strong applicants
- Vehicle serves as its own security
- Funding available within 24 hours
Need to know
- Strong credit profile typically required
- May need a deposit contribution
- Asset must meet age and condition criteria
Expert take
A mainstream asset funder with deep vehicle finance experience. Haulage operators with established trading records see the sharpest rates here, and the vehicle-backed model keeps cash free for fuel, maintenance and wages.
Source:https://www.lombard.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Liberty Leasing takes a flexible view on HGV finance, often accommodating transport businesses that high-street lenders turn away. Applications from newer operators and those with imperfect credit can still get a hearing. The trade-off is a higher annual rate, reflecting the broader risk appetite.
Best next step: Explore Liberty Leasing for flexible HGV funding
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Welcomes newer haulage businesses
- Decisions often within 24 hours
- Funds vehicles from £10,000 to £2 million
Need to know
- Annual rates start higher than banks
- Vehicle age may affect terms
- Personal guarantee may be required
Expert take
An accessible asset funder that looks beyond credit scores. Transport startups and smaller fleets benefit most — Liberty's willingness to consider thinner trading histories sets it apart from bank lenders for HGV purchases.
Fleximize
Published loan range£10,000 to £500,000
Rate typeinterest 0.9% to 3.6% monthly
Overview: Fleximize structures HGV funding as a secured term loan, giving haulage businesses predictable monthly repayments rather than variable-rate asset finance. This suits operators who want repayment certainty when adding a vehicle to the fleet. Security against business property or existing assets is typically needed.
Best next step: See Fleximize's secured loan terms for HGV purchase
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fixed monthly repayment structure
- Loans from £10,000 to £500,000
- Funding decisions within 24 hours
Need to know
- Requires property or asset security
- Strong trading history expected
- Not pure asset finance
Expert take
A secured lender that brings repayment predictability to vehicle funding. Haulage firms with property or high-value existing assets get the best terms, and the fixed structure helps with fleet budgeting.
Source:https://fleximize.com/
One Stop Business Finance
Published loan range£100,000 to £3,000,000
Rate typeinterest 1.6% to 3% monthly
Overview: Facilities from £100,000 to £3 million make One Stop Business Finance a practical choice for haulage firms buying premium or multiple HGVs. Its secured lending model draws on property or substantial business assets. Rates from 1.6% monthly are competitive for larger, well-secured deals.
Best next step: Match with One Stop for larger HGV facilities
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Handles multi-vehicle fleet funding
- Competitive rates for secured deals
- Flexible drawdown and repayment
Need to know
- Minimum facility starts at £100,000
- Property security typically required
- Funding takes around five days
Expert take
A higher-value secured lender suited to established fleet operators. Transport businesses buying several HGVs or premium units find the scale and rate structure work well, provided property security is available.
Source:https://www.osbf.co.uk/
Nationwide Finance
Published loan range£10,000 to £500,000
Rate typeinterest 4.5% to 11% monthly
Overview: Nationwide Finance blends asset finance with invoice funding, a combination that can serve haulage firms waiting on customer payments while needing to finance a vehicle. Rates from 4.5% monthly reflect a lender comfortable with mixed-credit transport businesses. Asset eligibility checks apply.
Best next step: Check Nationwide's combined asset and invoice funding
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Asset and invoice finance under one roof
- Considers mixed-credit applicants
- Decisions often within 24 hours
Need to know
- Monthly rates higher than bank alternatives
- Vehicle age and type assessed
- Invoice book quality influences terms
Expert take
A dual-product funder that understands haulage cash-flow cycles. Operators who invoice clients on 30-to-90-day terms can pair vehicle funding with receivables finance, keeping the fleet moving without draining working capital.
Novuna
Published loan range£10,000 to £5,000,000
Rate typeinterest 4.5% to 12.5% monthly
Overview: Funding decisions within 24 hours help haulage operators act fast when the right HGV comes up. Novuna backs that speed with deep asset finance experience and facilities up to £5 million. Transport businesses with moderate to strong credit profiles tend to get the smoothest approvals.
Best next step: Compare Novuna's HGV finance terms through Funding Agent
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Rapid 24-hour funding decisions
- Covers vehicles up to £5 million
- Longstanding asset finance track record
Need to know
- Credit profile affects rate offered
- Vehicle valuation may be required
- Deposit contribution commonly expected
Expert take
A high-volume asset funder built for speed and scale. Haulage firms needing quick decisions on vehicle purchases get a smooth process here, with funding covering everything from a single rigid to a fleet of artics.
HSBC Bank
Published loan range£1,000 to £300,000
Rate typeinterest 8.6% to 11.3% annually
Overview: HSBC's asset finance carries annual interest from 8.6%, which can translate to lower total cost than monthly-rate lenders for a well-qualified haulage business. Bank underwriting means a thorough credit assessment, so established operators with clean records fare best when funding an HGV.
Best next step: Explore HSBC asset finance for HGV purchase
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual interest from 8.6%
- High-street bank stability
- Funding available within 48 hours
Need to know
- Strict bank underwriting applies
- Strong trading history expected
- Limited to £300,000 maximum
Expert take
A high-street bank with conservative credit standards. Long-established haulage firms with clean accounts get the sharpest annual rates, and the thorough underwriting means terms are tailored rather than templated.
Source:https://www.business.hsbc.uk/en-gb/finance-and-borrowing
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays can fund everything from a single rigid truck to a 50-vehicle fleet, with asset finance capacity reaching £25 million. For a haulage business that wants a banking relationship alongside vehicle funding, this offers room to grow. Annual rates from 8.5% suit operators with strong financials.
Best next step: See Barclays HGV asset finance options
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Massive funding capacity up to £25 million
- Annual interest from 8.5%
- Full banking relationship available
Need to know
- Bank-grade credit assessment required
- Longer underwriting than specialists
- May require existing banking relationship
Expert take
A scale player for transport businesses thinking beyond one vehicle. Fleet operators and growing haulage firms benefit from the combination of deep lending capacity and a full banking relationship under one roof.
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NatWest Bank
Published loan range£500 to £10,000,000
Rate typeinterest 4.5% to 10.5% annually
Overview: NatWest brings genuine transport sector expertise to HGV asset finance, which means fewer hurdles around vehicle age and valuation. Annual rates from 4.5% reward operators with strong financials. The process is thorough, but decisions are informed rather than box-ticking.
Best next step: Check NatWest HGV finance rates and terms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Among the lowest annual rates available
- Funds vehicles up to £10 million
- Established transport sector experience
Need to know
- Two-plus years' accounts typically needed
- Full bank underwriting process
- Clean credit history expected
Expert take
A relationship bank with genuinely competitive asset finance pricing. Profitable haulage firms with several years of trading history unlock the headline rates here, and the transport sector knowledge means fewer awkward questions about vehicle valuations.
Source:https://www.natwest.com/business/loans-and-finance.html
Virgin Money
Published loan range£30,000 to £10,000,000
Rate typeinterest 4.5% to 10.5% annually
Overview: Virgin Money wraps HGV asset finance within a broader lending toolkit, useful for haulage businesses that need working capital or invoice finance alongside vehicle funding. Annual rates from 4.5% are competitive, and facilities up to £10 million accommodate single purchases through to fleet expansion.
Best next step: Explore Virgin Money HGV and business funding
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Competitive annual rates from 4.5%
- Combined funding solutions available
- Facilities reach £10 million
Need to know
- Bank underwriting standards apply
- Strong financials expected
- May need existing relationship
Expert take
A flexible high-street lender that can bundle vehicle finance with wider business funding. Haulage operators wanting one banking partner for asset finance, working capital and day-to-day banking find the combined model practical.
Source:https://uk.virginmoney.com/business/business-borrowing/
Asset Finance Calculator
How asset finance works for £100,000 HGV purchases
HGV finance is a form of asset finance where the vehicle you buy acts as security for the lending. A lender pays the dealer or seller directly, and your haulage business repays the borrowed amount plus interest over an agreed term.
Most HGV finance agreements fall into two structures. Hire purchase means you own the vehicle after making all repayments. A finance lease keeps ownership with the lender, and you pay a fixed monthly rental for use of the vehicle.
Because the HGV itself secures the facility, lenders focus on the vehicle's value, age, and condition rather than just your trading history. This makes asset finance accessible to newer transport firms and owner-operators who may not qualify for unsecured business loans.
The £100,000 level is common for a single late-model tractor unit or a combination of rigid vehicles and trailers. Lenders on this page offer facilities from £10,000 up to £25,000,000, so a £100,000 request sits comfortably within most lending limits.
What haulage businesses need to qualify for £100,000 HGV finance
Eligibility varies, but most asset finance lenders for HGVs look at trading history, turnover, and the vehicle itself. Lombard asks for a minimum of one year's trading and £25,000 in annual turnover. Nationwide Finance accepts businesses from three months old with £50,000 turnover. One Stop Business Finance has no minimum trading history or turnover requirement, which may suit newly established haulage firms.
Personal guarantees are common across HGV finance. Liberty Leasing, Fleximize, One Stop Business Finance, and Nationwide Finance all require a director's guarantee. Among the high street banks, HSBC and NatWest also require personal guarantees for their asset finance facilities.
Homeownership is less relevant for HGV asset finance. Lombard, Liberty Leasing, and One Stop Business Finance do not require it. Fleximize and Nationwide Finance do ask for homeownership as part of their assessment.
Lenders assess the HGV's age and expected residual value. Newer vehicles with strong resale values generally attract better rates, as the vehicle itself is the primary security.
Deposits, LTV, and repayment terms for £100,000 HGV finance
Most HGV finance lenders expect a deposit, usually expressed as the loan-to-value (LTV) ratio. One Stop Business Finance publishes a maximum LTV of 75%, meaning a £25,000 deposit on a £100,000 vehicle. Other lenders assess deposits case by case based on the vehicle and your business profile.
Repayment terms span a wide range. Shorter terms reduce total interest cost but demand stronger monthly cash flow. Longer terms ease monthly payments but increase the overall interest paid. Haulage businesses with seasonal income may benefit from lenders that accommodate structured payment profiles, though this varies by provider.
| Lender | Max LTV | Term range | Rate type |
|---|---|---|---|
| One Stop Business Finance | 75% | 3 to 18 months | 1.6% to 3% monthly |
| Liberty Leasing | Not published | 1 to 5 years | 11% to 16% annually |
| Novuna | Not published | 1 to 10 years | 4.5% to 12.5% monthly |
| Barclays | Not published | 1 to 25 years | 8.5% to 14.9% annually |
Lease vs hire purchase: choosing the right HGV finance deal
Transport operators financing a £100,000 HGV must choose between hire purchase (HP) and leasing. Each structure affects cash flow, tax treatment, and vehicle ownership differently.
With hire purchase, your business owns the HGV after the final repayment. You can claim capital allowances on the asset, and the vehicle appears on your balance sheet. HP suits haulage firms planning to keep vehicles long term or those wanting eventual ownership of their fleet.
A finance lease keeps ownership with the lender. You pay fixed rentals and typically return the vehicle or agree a secondary rental period at the end. Lease payments are usually fully tax-deductible as operating expenses. This suits operators who upgrade their fleet every few years and prefer lower upfront commitments.
Some lenders also offer refinance against existing HGVs, releasing equity from vehicles you already own. This can fund deposits on additional fleet purchases or ease working capital pressure during quieter periods. Your choice between HP and lease should reflect your fleet replacement cycle, tax position, and whether equity build-up matters to your long-term plans.
