Current Rates - October 2026
| Term | Representative APR | Monthly cost (£50k asset) | Deposit required | Decision speed |
|---|---|---|---|---|
| 1 year | 5.5% | ~£4,350/mo | 0–20% | 24–48h |
| 2 years | 5.5–9.8% | ~£2,280/mo | 0–20% | 24–48h |
| 3 years | 5.5–14 | ~£1,240/mo | 0–20% | 24–48h |
| 5 years | 5.5–14 | ~£1,050/mo | 0–30% | 24–48h |
| 7 years | Up to 14 | ~£820/mo | 10–30% | 24–48h |
Representative examples only. Actual rates depend on credit profile, asset age, deposit and loan-to-value. Minimum facility £5,000.
How Aldermore Compares to the Market
Aldermore 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, Aldermore's underwriting flexibility means it regularly funds deals that mainstream lenders decline outright.
When you approach Aldermore 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
- Flexible underwriting for adverse credit - CCJs, defaults and missed payments considered
- Older vans (8+ years) accepted where many prime lenders decline
- New and early-stage businesses considered with appropriate deposit
- Finance available across all major van types including welfare, refrigerated and Luton box
Limitations
- Rates at the higher end for clean credit profiles - prime lenders often undercut Aldermore
- Minimum documentation requirements are slightly more demanding than some specialist lenders
- Decisions can take 48h for complex cases, slower than digital-first competitors