Top 10 Lenders for £900,000 Van Finance in the UK – 2026
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Top 10 Lenders for £900,000 Van Finance
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Fleet buyers needing competitive rates on multi-vehicle van deals | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Businesses wanting fast decisions on high-value van fleets | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established logistics firms funding large commercial vehicle fleets | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Mid-market transport businesses upgrading van portfolios at scale | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Operators comparing lease structures across mixed commercial fleets | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Firms wanting bank-backed van finance with high lending headroom | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Transport operators needing tailored asset finance for van fleets | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Included for broader market context on £900k van finance | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Businesses needing flexible terms on high-value commercial vehicle finance | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Large fleet operators needing bespoke high-value van finance | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance is a funding arrangement where a lender purchases vans or commercial vehicles on behalf of a business, which then repays the cost in fixed instalments over an agreed term. For fleet operators and logistics firms, this structure avoids large upfront cash outlay and keeps capital free for day-to-day operations. At £900,000, van finance typically supports multi-vehicle acquisitions, fleet renewal programmes, or investment in specialist commercial vehicles.
Comparing van finance lenders at this level goes well beyond the quoted interest rate. The choice between hire purchase and finance lease affects asset ownership, VAT treatment, and balance sheet reporting. Funding speed matters when vehicles are needed for upcoming contracts or seasonal demand. Lender appetite for fleet deals also varies, with some specialists offering residual value structures that reduce monthly payments on high-value portfolios.
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: Monthly rates from 0.99% to 3% keep repayments manageable on a van fleet purchase of this scale. Reward Funding's revolving credit is tied to specific assets, so each vehicle must qualify individually. The drawdown structure works well when vans are being acquired in batches. Deposits or valuations may apply.
Best next step: Competitive monthly rates for larger fleet acquisitions
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rates start from 0.99%
- Facilities cover £100,000 to £5,000,000
- Flexible drawdown for staged fleet purchases
Need to know
- Requires suitable asset security
- Legal or valuation costs may apply
- Individual vehicle eligibility checks needed
Expert take
A secured asset lender built for repeat and larger-scale facilities. For a van fleet of this scale, the drawdown structure works well when vehicles are being acquired in batches. The rate band rewards stronger propositions.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Lends from £10,000 to £2,000,000, with a straightforward asset-backed model suited to commercial van fleets. Annual rates from 11% to 16% reflect that structure. Funding decisions can come through in as little as 24 hours. The catch: asset eligibility checks and potential deposits apply to each vehicle on the schedule.
Best next step: Fast asset-backed decisions for mid-range van fleets
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Decisions possible within 24 hours
- Lends from £10,000 to £2,000,000
- Straightforward asset-backed funding model
Need to know
- Deposits may be required per vehicle
- Asset eligibility checks apply
- Annual rates from 11% to 16%
Expert take
A direct asset funder with a streamlined process that suits mid-range fleet acquisitions. For a van fleet purchase, the 24-hour decision window helps when vendor deadlines are tight and you need certainty quickly.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Facilities reach up to £5,000,000, with monthly rates between 4% and 11.5% and funding possible within 24 hours. The vans secure the lending directly. The trade-off: each vehicle must pass Lombard's asset criteria, and deposits may be required.
Best next step: High-limit asset finance from an established specialist
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities extend to £5,000,000
- Funding can arrive within 24 hours
- Established asset finance specialist
Need to know
- Monthly rates from 4% to 11.5%
- Asset criteria must be met
- Deposits may be required
Expert take
A long-standing asset finance name backed by NatWest Group. For a van fleet, Lombard's scale and vehicle experience mean the underwriting team understands commercial fleet propositions without needing to be educated on the asset class.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Invoice finance and asset finance under one roof means businesses funding a van fleet can also free up working capital from unpaid invoices. Annual rates range from 5.5% to 13.5%, with facilities reaching £5,000,000. The flexible drawdown suits fleets acquired in stages. The limitation: invoice finance suitability depends on debtor quality and concentration.
Best next step: Combine fleet funding with working capital in one facility
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combines asset and invoice finance
- Facilities up to £5,000,000
- Flexible staged drawdown available
Need to know
- Invoice debtor quality affects eligibility
- Annual rates from 5.5% to 13.5%
- Deposits may be needed per vehicle
Expert take
A dual-product lender that suits businesses wanting asset and invoice facilities from one provider. For a van fleet, pairing the asset finance with invoice discounting can ease the cash-flow impact of a large capital outlay.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Funding decisions can come through in as little as 4 hours, among the fastest turnaround times for van finance. Lends from £1,000 upwards, with annual rates from 5.5% to 13.5%. The equipment leasing model maps naturally onto commercial vehicle fleets. The trade-off: strong trading history, affordability evidence or a personal guarantee may be required.
Best next step: Rapid decisions when vendor deadlines are tight
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decisions in as little as 4 hours
- Equipment leasing suits vehicle fleets
- Annual rates from 5.5%
Need to know
- Strong trading history may be needed
- Personal guarantee may be required
- Affordability evidence expected
Expert take
A fast-moving leasing specialist that prioritises turnaround speed. For a van fleet, the 4-hour decision window is valuable when you are negotiating with a vendor and need to lock in a purchase price quickly.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: A high-street bank with asset finance lending from £1,000 to £25,000,000, making it a credible counterparty for a commercial van fleet. Annual rates from 8.5% to 14.9% reflect mainstream bank pricing. Existing Barclays business customers may find the process smoother. The caveat: bank underwriting can be slower and stricter than alternative lenders.
Best next step: Bank-backed fleet finance with relationship pricing potential
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Lends from £1,000 to £25,000,000
- Mainstream bank with broad recognition
- Smoother for existing customers
Need to know
- Underwriting can be slower than alternatives
- Strong trading history expected
- Personal guarantee may be required
Expert take
A high-street bank that brings institutional stability to large asset finance deals. For a van fleet, Barclays suits established businesses that value banking-relationship pricing and are prepared for a more thorough underwriting process.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Annual rates from 8% to 15% for asset finance between £15,000 and £5,000,000, positioning Acorn competitively for a van fleet acquisition. The lender covers revolving credit and term loans alongside asset finance. Decisions typically land within 24 hours. The trade-off: expect affordability evidence, trading history checks, and possibly a personal guarantee.
Best next step: Competitive annual rates with multi-product flexibility
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates start from 8%
- Facilities cover £15,000 to £5,000,000
- Broad product range beyond asset finance
Need to know
- Trading history will be assessed
- Personal guarantee may be needed
- Affordability evidence expected
Expert take
A multi-product finance house that can structure deals beyond plain asset finance. For a van fleet of this scale, Acorn's ability to blend revolving credit with asset-backed lending may suit businesses that need working capital alongside vehicle funding.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Propel lends from just £500, making it accessible for businesses that may want to test the waters before committing to a full van fleet. Annual rates span 5% to 20%, so pricing varies significantly with risk. Funding typically takes 2 to 5 days. The trade-off: asset eligibility checks and deposits apply, and the wide rate band means offers need careful comparison.
Best next step: Low-barrier entry for testing fleet finance options
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Lends from as little as £500
- Annual rates start from 5%
- Asset-backed model preserves cash flow
Need to know
- Funding takes 2 to 5 days
- Rates can reach 20% annually
- Deposits and asset checks apply
Expert take
A broad-access asset funder that serves everything from single assets to larger facilities. For a van fleet, Propel's low minimum entry point signals a lender comfortable assessing each deal on its own merits rather than applying rigid thresholds.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Lending spans £1,000 to £10,000,000, with annual rates from 5% to 15%. A 48-hour funding window positions Aldermore as a mid-market option for larger fleet deals. The lender is well established in UK SME asset finance. The trade-off: funding is not the fastest, and standard asset security requirements apply.
Best next step: Mid-market fleet funding with a well-known SME lender
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities reach £10,000,000
- Annual rates start from 5%
- Well-established SME asset funder
Need to know
- Funding takes around 48 hours
- Asset security required
- Rates can reach 15% annually
Expert take
A mainstream SME asset finance name with deep market presence. For a van fleet, Aldermore's £10m upper limit and mid-range pricing make it a sensible benchmark when comparing fleet finance proposals against market norms.
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: Bespoke monthly rates from 3.5% to 10% and facilities from £25,000 to £100,000,000 signal a lender that tailors terms to each deal. Close Brothers has particular strength in transport, manufacturing, and construction — sectors where van fleets are core assets. Funding can land within 24 hours. The trade-off: the lender targets established mid-market businesses with turnover above £500,000.
Best next step: Bespoke fleet terms from a transport-sector specialist
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke pricing from 3.5% monthly
- Facilities up to £100,000,000
- Strong transport and fleet sector experience
Need to know
- Typically requires £500k+ turnover
- Targets established mid-market businesses
- Bespoke terms mean variable pricing
Expert take
A mid-market specialist with deep transport sector credentials. For a van fleet, Close Brothers brings genuine fleet-underwriting experience — they understand residual values, maintenance cycles, and utilisation rates in ways generalist lenders may not.
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Asset retention and ownership structures for £900,000 van finance
When financing £900,000 in commercial vans, your ownership structure affects your balance sheet, tax position, and end-of-term flexibility. Under a Commercial Hire Purchase (HP) agreement, you own the vehicles after the final payment. A Finance Lease keeps the asset with the funder, and you typically sell the van to a third party at term end, retaining a share of the sale proceeds.
Lender loan-to-value (LTV) limits also shape your upfront commitment. Aldermore Asset Finance and Propel Finance both publish LTVs of up to 100%, covering the full asset cost. Close Brothers offers up to 90% LTV, while Reward Funding caps at 85%. A higher LTV reduces your initial outlay but may increase monthly costs across the term.
VAT treatment on £900,000 van finance agreements
VAT treatment differs sharply between HP and lease agreements, and getting it wrong can affect your cash flow. With HP, you reclaim the full VAT on the van purchase price upfront through your next VAT return, because you are treated as the owner from day one. This can be a significant cash flow advantage on a £900,000 fleet purchase.
With a Finance Lease, you cannot reclaim the VAT on the van purchase price in one go. Instead, you reclaim VAT on each monthly rental payment as it falls due. This spreads your VAT recovery across the agreement term. For businesses with seasonal income, this staggered reclaim can smooth cash flow, though it delays full recovery compared to HP. Always confirm VAT treatment with your accountant before signing.
Mileage restrictions and usage terms for £900k van fleet finance
Mileage restrictions are a critical term in any van finance agreement, especially across a fleet worth £900,000. Most funders set an annual mileage cap, and exceeding it triggers excess mileage charges calculated per mile. These charges can add up quickly across multiple vehicles, so it is important to set a realistic cap at the outset.
Agreement length also plays a role. Aldermore Asset Finance and Close Brothers both offer terms up to 7 years, giving you more room to spread mileage across a longer period. Shorter terms of 3 to 5 years are common with lenders like Liberty Leasing. Fair wear and tear guidelines apply alongside mileage limits, and returning vans with damage beyond normal use will incur additional costs regardless of mileage.
Maintenance packages and the total cost of £900,000 van finance
Maintenance packages bundle servicing, tyres, and repairs into your monthly finance payment, turning variable fleet costs into a fixed line item. On a £900,000 van fleet, this predictability helps with budgeting. Most lenders offer maintenance as an optional add-on to both HP and lease agreements, though it is more common with Finance Lease structures.
Rates vary across lenders, and the headline rate may or may not include maintenance. Annual rates on this list range from 5% to 20% depending on the lender, with Aldermore publishing 5% to 15% annually and Propel Finance showing 5% to 20% annually. Always ask whether a quoted rate includes maintenance or is for the finance element only. The cheapest headline rate without maintenance can end up costing more overall once servicing contracts are added separately.
