Current Rates - October 2026
| Term | Representative APR | Monthly cost (£50k asset) | Deposit required | Decision speed |
|---|---|---|---|---|
| 1 year | 7% | ~£4,350/mo | 0–20% | Same day |
| 2 years | 7–13.0% | ~£2,280/mo | 0–20% | Same day |
| 3 years | 7–19 | ~£1,590/mo | 0–20% | Same day |
| 5 years | 7–19 | ~£1,050/mo | 0–30% | Same day |
| 7 years | Up to 19 | ~£820/mo | 10–30% | Same day |
Representative examples only. Actual rates depend on credit profile, asset age, deposit and loan-to-value. Minimum facility £1,000.
How 1pm Finance Compares to the Market
1pm Finance sits in the specialist/challenger segment of the UK commercial vehicle finance market. For businesses with straightforward credit profiles and newer assets, high-street lenders such as Lombard or Novuna may offer marginally lower headline rates. However, 1pm Finance's underwriting flexibility means it regularly funds deals that mainstream lenders decline outright.
When you approach 1pm Finance through a broker like Doulton Bridging Finance, we present your case with supporting context - reducing the likelihood of an automated decline and often securing better terms than a direct application.
Strengths
- Minimum facility of just £1,000 - ideal for low-value van purchases
- Same-day decisions suit time-sensitive purchases
- Micro-businesses and first-time buyers actively considered
- Accepts vans with limited or no credit history requirement
Limitations
- Higher APR range (7–19%) - more expensive than mainstream lenders
- Maximum facility lower than most lenders - less suitable for high-value assets
- Less competitive for established businesses with clean credit