Aldermore Bank is a specialist lender with genuine appetite for minibus applications that fall outside the mainstream - older vehicles, adapted and accessible minibuses, adverse credit, and new businesses. They are a key panel lender for DBF when Close Brothers or Novuna are unsuitable.
Aldermore Minibus Finance Rates - October 2026
| Finance Type | Indicative APR | Term | Min Deposit |
|---|---|---|---|
| HP - new or nearly new minibus | 5.5–9% | 24–60 months | 10% |
| HP - used minibus (5–10 yrs) | 7.5–12% | 24–48 months | 15% |
| HP - older minibus (10–15 yrs) | 10–14% | 12–36 months | 20% |
| Wheelchair-accessible minibus | 6–12% | 12–60 months | 15% |
| Adverse credit (satisfied CCJs) | 10–14% | 12–48 months | 20–30% |
Advantages
- Adverse credit and start-ups considered
- Older minibuses up to 15 years funded
- Accessible and adapted vehicles accepted
- Charities and community operators eligible
Limitations
- Higher rates than mainstream lenders for clean credit
- Larger deposits for older/adverse combinations
- Undischarged bankruptcies typically declined