Top 10 Lenders to Secure £900,000 HGV Finance in 2026
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Top £900,000 HGV Finance Lenders Compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Haulage firms funding multiple HGVs or mixed fleets | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Transport operators seeking annual-rate HGV finance | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established logistics businesses expanding HGV fleets | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Construction and transport firms upgrading vehicle fleets | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Mixed fleet operators needing flexible asset finance | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Larger haulage firms wanting a bank-backed option | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-sized transport businesses financing HGV purchases | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Included for comparison across wider asset finance | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Construction hauliers needing flexible asset funding | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Well-established fleet operators with strong turnover | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets businesses spread the cost of heavy goods vehicles over time, using the vehicles themselves as security for the funding. For transport, haulage, and construction firms, this structure works well because HGVs hold strong resale value and generate revenue directly. A £900,000 facility can fund a single high-spec truck, several tractor units, or a mixed fleet of rigids and trailers, all while preserving cash flow for day-to-day operations.
Comparing HGV finance lenders takes more than checking the lowest headline rate. Repayment terms, balloon payment options, and asset age restrictions all shape the true cost and flexibility of a deal. A lender comfortable with commercial vehicles will also understand sector seasonality and may offer structured payments around contract cycles. At £900,000, the lender's maximum facility size and appetite for single-asset versus multi-vehicle deals become especially relevant.
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.
Reward Funding
Published loan range£100,000 to £5,000,000
Rate typeinterest 0.99% to 3% monthly
Overview: Reward Funding structures HGV finance with monthly rates from 0.99%, a cost-conscious route for fleet investment. Construction and haulage firms preserve working capital by borrowing against the vehicles. Facilities reach £5 million, suiting mixed-fleet upgrades. The final rate reflects asset age and credit profile, and a deposit is normally required.
Best next step: Compare Reward Funding HGV finance rates today
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Competitive monthly rates from 0.99%
- Facilities up to £5 million available
- Vehicle-secured lending preserves cash flow
Need to know
- Deposit typically required on HGV deals
- Rate varies with asset age and condition
- Legal and valuation costs may apply
Expert take
A secured asset lender that works regularly with construction and haulage operators. The vehicle-backed structure keeps the process simpler than term lending and preserves other credit lines for the business.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: With a 24-hour decision window, Liberty Leasing helps construction firms secure HGVs quickly for contract starts. It funds against the asset itself, covering facilities from £10,000 to £2 million, with annual rates between 11% and 16%. The structure suits operators adding a single truck or a small batch. A deposit and vehicle valuation are standard requirements.
Best next step: Check Liberty Leasing HGV finance eligibility quickly
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Decisions within 24 hours typical
- Funds new and used HGVs
- Asset-backed, no property security needed
Need to know
- Annual rates range 11% to 16%
- Deposit and valuation required
- Upper facility limit is £2 million
Expert take
A no-frills asset funder that prioritises turnaround speed. For construction businesses needing HGVs at the £900,000 mark, the 24-hour decision window and asset-backed model remove much of the waiting that slows down fleet expansion.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard delivers institutional-grade asset finance to construction and transport firms, with HGV facilities reaching £5 million. Backed by a major banking group, it suits larger fleet deals. Monthly rates range 4% to 11.5%, decisions come within 24 hours, and multi-vehicle transactions are handled smoothly. Expect a thorough credit assessment and a deposit per asset.
Best next step: Explore Lombard HGV finance for fleet purchases
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- HGV facilities up to £5 million
- Part of a major banking group
- Multi-vehicle deals handled efficiently
Need to know
- Monthly rates from 4% to 11.5%
- Thorough credit assessment expected
- Deposit required on each asset
Expert take
A bank-backed asset finance house with the balance sheet to support sizeable construction fleet transactions. The institutional backing and £5 million ceiling give mid-market transport operators a credible long-term funding partner beyond a single HGV purchase.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Blending HGV asset finance with invoice funding, Time Finance gives construction hauliers a way to buy vehicles and release working capital at the same time. Facilities reach £5 million, with annual rates from 5.5%. The dual approach suits firms needing trucks now and cash to bridge payment gaps. Decisions come within 24 hours, though invoice limits can shift with usage.
Best next step: See how Time Finance blends HGV and invoice funding
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combines asset and invoice finance
- Annual rates start from 5.5%
- Facilities available up to £5 million
Need to know
- Invoice limits can be reviewed later
- Suitability depends on debtor quality
- Deposit may be required on assets
Expert take
A hybrid funder coupling asset finance with invoice discounting, unusual in the HGV space. Construction businesses with debtor-heavy books can fund vehicles and release working capital through one relationship rather than splitting across two lenders.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral Leasing stands out for its four-hour funding turnaround, a practical edge for construction firms facing urgent HGV needs. Equipment leasing spreads cost over time while keeping the asset on the balance sheet. Annual rates range 5.5% to 13.5%, and facilities start from £1,000, scaling to fleet level. A personal guarantee and trading history evidence are likely requested.
Best next step: Check Admiral Leasing HGV rates and speed
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding possible within four hours
- Annual rates from 5.5%
- Leasing preserves capital for other uses
Need to know
- Personal guarantee likely required
- Trading history evidence expected
- Facility terms scale with asset value
Expert take
A rapid-turnaround equipment lessor that suits time-sensitive construction vehicle procurement. The four-hour funding promise and low entry threshold make it a flexible option for operators who need HGVs on short notice.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: For construction operators who value institutional backing, Barclays brings high-street credibility to HGV finance, with facilities from £1,000 to £25 million. Annual rates range 8.5% to 14.9%, and operators can bundle vehicle funding with existing business banking. Underwriting is thorough and can take longer than specialist lenders. Expect affordability checks and a personal guarantee.
Best next step: Compare Barclays HGV asset finance options
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities available to £25 million
- Bundle vehicle finance with banking
- Strong institutional backing
Need to know
- Bank underwriting can be slower
- Personal guarantee often required
- Affordability evidence expected
Expert take
A mainstream bank with the balance sheet to handle large construction fleet transactions comfortably. The £25 million ceiling and integrated business banking relationship work for established operators who value long-term institutional backing over speed.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Acorn Business Finance spans asset finance, term loans, and acquisition funding, giving construction operators flexibility when structuring HGV facilities. The range runs £15,000 to £5 million, with annual rates between 8% and 15%. Specialist and premium finance capabilities suit complex fleet transactions. Expect security requirements and a detailed affordability review for larger amounts.
Best next step: Explore Acorn Business Finance HGV funding
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Multiple finance products available
- Facilities up to £5 million
- Specialist and premium finance options
Need to know
- Security typically required
- Detailed affordability checks apply
- Annual rates between 8% and 15%
Expert take
A multi-product finance house that goes beyond plain asset finance. Construction firms needing HGVs plus other equipment or acquisition funding may consolidate borrowing under one roof.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: From a £500 starting point, Propel Finance opens HGV asset funding with annual rates spanning 5% to 20%. The wide band means pricing adjusts to credit strength, helpful for construction firms with varying profiles. Funding takes two to five days, manageable for planned fleet purchases. The asset-backed model keeps things simple. Lower rates depend on strong credit and newer vehicles.
Best next step: Check Propel Finance HGV funding rates
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding available from £500
- Wide rate band suits varied credits
- Simple asset-backed structure
Need to know
- Funding takes two to five days
- Best rates need strong credit
- Newer vehicles attract lower pricing
Expert take
An asset funder with a deliberately broad pricing model that accommodates both prime and near-prime construction credits. The low entry point and simple asset-backed structure make it accessible for operators planning fleet additions in advance.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore Asset Finance supports construction fleet purchases up to £10 million, giving operators headroom to expand without a fresh facility each time. Annual rates sit between 5% and 15%, with decisions typically around 48 hours. Its SME focus means it understands mid-market construction and transport firms. Expect asset eligibility checks and a deposit. Stronger credits unlock lower rates.
Best next step: Compare Aldermore Asset Finance HGV rates
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities available up to £10 million
- Annual rates from 5% to 15%
- SME-focused underwriting approach
Need to know
- Around 48 hours for decisions
- Asset eligibility checks required
- Deposit expected on HGV deals
Expert take
An SME-focused asset funder with a £10 million ceiling covering sizeable construction fleet programmes. The 48-hour turnaround and mid-market understanding suit operators who want a lender that speaks their language.
Source:https://www.aldermore.co.uk/business/business-finance/asset-finance/
Close Brothers
Published loan range£25,000 to £100,000,000
Rate typebespoke 3.5% to 10% monthly
Overview: Among the lowest headline pricing in this group, Close Brothers writes bespoke asset finance with monthly rates starting from 3.5%. Facilities stretch from £25,000 to £100 million, targeting the mid-market where many construction fleet operators transact. Deep experience in transport and construction underpins its approach. Decisions come within 24 hours. Bespoke pricing rewards stronger credits and newer assets.
Best next step: Explore Close Brothers bespoke HGV finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rates from 3.5% bespoke
- Facilities available up to £100 million
- Deep transport sector experience
Need to know
- Bespoke pricing means rates vary
- Newer assets attract better terms
- £25,000 minimum facility size
Expert take
A mid-market asset finance house with genuine transport and construction heritage. Bespoke pricing rewards well-run operators, and the scale supports long-term fleet growth beyond an initial HGV purchase.
Asset Finance Calculator
How HGV finance repayments work for construction businesses at £900,000
Repayments on a £900,000 HGV finance facility depend on the rate type and term you agree with the lender. Rates fall into two broad camps. Reward Funding and Lombard publish monthly rates, from 0.99% to 3% per month and 4% to 11.5% per month respectively.
Annual rate lenders include Aldermore Asset Finance at 5% to 15% per year, Barclays at 8.5% to 14.9% per year and Time Finance at 5.5% to 13.5% per year. The structure you choose matters. Shorter terms mean higher monthly payments but lower total interest cost. For a £900,000 facility, a three-year term at 8% annually works out to roughly £28,200 per month before any residual value is factored in. Always ask lenders to quote both the monthly and total repayable figure so you can compare like for like.
Deposits, VAT and asset age restrictions on £900,000 HGV finance
Lenders typically ask for a deposit of 10% to 20% on HGV finance, though this varies by provider and asset type. Reward Funding publishes a maximum loan-to-value of 85%, meaning you would need a £135,000 deposit on a £900,000 deal. Propel Finance and Aldermore Asset Finance both offer up to 100% LTV, which could remove the upfront deposit requirement altogether.
VAT treatment depends on whether you choose hire purchase or lease. On HP, VAT is usually payable upfront on the full asset value and can be reclaimed if you are VAT registered. On a lease, VAT is spread across each monthly payment. Asset age matters too. Most funders prefer HGVs under seven years old at the end of the term. Construction firms running older fleet should expect shorter repayment windows or higher rates.
Hire purchase versus lease: what construction firms should compare on £900,000 HGV finance
At £900,000, the choice between hire purchase and lease has significant balance sheet implications. HP gives you eventual ownership after the final instalment. Leasing keeps the asset off your balance sheet and can suit construction firms that prefer to upgrade fleet every three to five years.
Several lenders on this panel offer both structures. Aldermore Asset Finance funds from £1,000 to £10,000,000 with terms of one to seven years. Close Brothers goes up to £100,000,000 across terms of one to seven years and publishes a bespoke rate from 3.5% to 10% per month. Liberty Leasing offers terms of one to five years and publishes annual rates of 11% to 16%. Construction businesses should weigh the total cost against tax treatment. HP allows capital allowance claims. Leasing payments are typically fully deductible as an operating expense. Speak to your accountant before choosing.
What construction businesses need to qualify for £900,000 HGV finance
Lenders look at trading history, turnover and asset quality when assessing a £900,000 HGV finance application. Close Brothers asks for a minimum one year of trading and £500,000 in annual turnover. Lombard requires at least one year trading and £25,000 turnover. Aldermore Asset Finance sets the bar at six months trading with no minimum turnover.
Personal guarantees are standard across most providers on this list. Reward Funding, Liberty Leasing, Time Finance, Aldermore and Close Brothers all require them. A personal guarantee means you are personally liable if the business defaults. Construction firms with strong balance sheets and owned premises may negotiate a limited guarantee. Lenders also review the specific HGVs being funded. Newer assets with clear resale value strengthen your application. Specialist vehicles or older fleet may attract stricter terms or lower LTVs.
