Paragon Bank is a specialist lender with a particular focus on mid-market fleet operators financing multiple minibuses. Their portfolio pricing approach and appetite for van conversions make them a useful addition to DBF's minibus panel alongside mainstream lenders.
Paragon Bank Minibus Finance Rates - October 2026
| Finance Type | Indicative APR | Term | Min Deposit |
|---|---|---|---|
| HP - new minibus | 5.5–8.5% | 24–60 months | 10% |
| HP - used minibus (up to 7 yrs) | 7–12% | 24–48 months | 10–15% |
| HP - van conversion minibus | 6–11% | 24–48 months | 10–15% |
| HP - fleet portfolio (3+ units) | 5.5–9% | 24–60 months | 10% |
| Finance Lease | 5.5–10% | 24–60 months | N/A |
Paragon Bank's Ideal Borrower
- Mid-market operators with 2+ years trading
- Fleet operators running 3+ minibuses
- Private hire companies, care home groups, school transport contractors
- Clean or near-clean credit profile
Advantages
- Competitive fleet portfolio pricing
- Van conversions considered
- Mid-market operator focus
- Both HP and Finance Lease available
Limitations
- Less accessible for start-ups or adverse credit
- Higher rates than Novuna or Close Brothers for single vehicles
- Individual vehicle deals may not get best portfolio pricing