Shawbrook Bank has built a reputation as a specialist lender willing to take a view on non-standard asset configurations. For refrigerated vehicles this is particularly valuable: multi-temperature units, bespoke cold store bodies, and non-standard body-on-chassis builds that puzzle mainstream lenders are areas where Shawbrook's underwriters have experience and appetite.
Shawbrook Refrigerated Vehicle Finance - Rate Guide
| Asset Type | Typical APR Range | Term | Notes |
|---|---|---|---|
| Refrigerated van / LCV | 5–10% | 2–5 years | New and used |
| Refrigerated rigid HGV | 5.5–11% | 2–7 years | Body-on-chassis accepted |
| Multi-temperature / dual-zone | 6–12% | 2–7 years | Non-standard configs |
| Reefer semi-trailer | 6–13% | 3–7 years | Standalone accepted |
Indicative rates only. October 2026.
Shawbrook's Approach to Body-on-Chassis Finance
A common challenge in refrigerated vehicle finance is how lenders treat the cab-and-body split. Where a standard rigid HGV might be valued in a well-established secondary market, a bespoke insulated body mounted on a relatively uncommon chassis creates valuation uncertainty. Shawbrook's specialist underwriting team takes a whole-vehicle view, considering both the chassis value and the refrigerated body as components of a single asset.
Strengths
- Specialist appetite for non-standard body configurations
- Body-on-chassis treated as single combined asset
- Multi-temperature / dual-zone units considered
- Willing to finance bespoke cold store builds
- Rates from 5% for prime credits on newer assets
Limitations
- Minimum facility typically £10,000
- Highly bespoke configurations may need additional valuation
- Turnaround can be slower on complex cases