Novuna Business Finance (formerly Hitachi Capital) has positioned itself as a leading green finance provider, with specific appetite for electric vehicles including commercial vans. Their digital-first underwriting process can deliver quick decisions on EV van finance, and they have made sustainability lending a strategic priority - which translates to competitive rates on qualifying electric vehicles.
Novuna Electric Van Finance - Rate Guide
| Finance Type | Typical APR Range | Term | Notes |
|---|---|---|---|
| New EV van - HP | 4.5–9% | 2–5 years | Digital decision, quick turnaround |
| New EV van - Finance Lease | 4.5–10% | 2–5 years | Residual set by Novuna |
| Used EV van (under 3 years) | 6–11% | 2–4 years | Battery health check may apply |
| Green Finance (eligible vehicles) | 4.5–8% | 2–5 years | Enhanced rate for qualifying EVs |
Indicative rates. October 2026.
Novuna's Green Finance Proposition
Novuna has invested significantly in green finance infrastructure. For businesses that can demonstrate environmental credentials - fleet electrification plans, sustainability reporting, ESG commitments - Novuna may offer enhanced rates under their green finance offering. This is worth exploring if your business has a formal sustainability strategy or ESG reporting obligations.
Strengths
- Digital-first underwriting - fast decisions on qualifying applications
- Green finance rates for sustainability-focused businesses
- Strong appetite for new EV vans from major manufacturers
- Competitive headline rates from 4.5%
- Finance Lease residual values set competitively on EV vans
Limitations
- Preference for new vehicles over used EVs
- Older or less-known EV brands may face higher scrutiny
- Green finance rates require qualifying sustainability criteria
- Adverse credit not a strength