Current Rates - October 2026
| Term | Representative APR | Monthly cost (£50k asset) | Deposit required | Decision speed |
|---|---|---|---|---|
| 1 year | 4.5% | ~£4,350/mo | 0–20% | Hours (digital) |
| 2 years | 4.5–8.5% | ~£2,280/mo | 0–20% | Hours (digital) |
| 3 years | 4.5–12.5 | ~£1,240/mo | 0–20% | Hours (digital) |
| 5 years | 4.5–12.5 | ~£1,050/mo | 0–30% | Hours (digital) |
| 7 years | Up to 12.5 | ~£820/mo | 10–30% | Hours (digital) |
Representative examples only. Actual rates depend on credit profile, asset age, deposit and loan-to-value. Minimum facility £5,000.
How Novuna Business Finance Compares to the Market
Novuna Business 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, Novuna Business Finance's underwriting flexibility means it regularly funds deals that mainstream lenders decline outright.
When you approach Novuna Business 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
- Fast digital decisions - many approved within hours of submission
- Competitive rates for clean-credit businesses on new and nearly-new vans
- Streamlined online application process reduces paperwork burden
- Strong lender for businesses in growth phase with solid trading history
Limitations
- Less flexible on adverse credit - automated scoring can result in quick declines for impaired profiles
- Prefers newer vehicles; older vans (7+ years) may be declined or attract higher rates
- Maximum term of 5 years shorter than some competitors