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 | 7–13.5% | ~£2,280/mo | 0–20% | Same day |
| 3 years | 7–20 | ~£1,640/mo | 0–20% | Same day |
| 5 years | 7–20 | ~£1,050/mo | 0–30% | Same day |
| 7 years | Up to 20 | ~£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 Reward Funding Compares to the Market
Reward Funding 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, Reward Funding's underwriting flexibility means it regularly funds deals that mainstream lenders decline outright.
When you approach Reward Funding 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
- Extremely flexible underwriting - one of the most accessible lenders in the market
- First-vehicle and start-up applications actively considered
- Adverse credit including CCJs, defaults and IVAs assessed individually
- Very low minimum loan size (£1,000) suitable for older or low-value vans
Limitations
- Cost of borrowing is high - 7–20% APR is among the most expensive in the market
- Best suited to loan sizes under £25k; above this, more competitive options exist
- Not suitable as a long-term financing strategy for growing fleets