The JCB 3CX is the most financed backhoe loader in the UK - and rates for loaders of all types vary significantly by lender, machine value, and business profile. This guide covers the full rate landscape for wheel loaders, backhoe loaders, and skid steer loaders from all major UK lenders and captive finance arms.
All-Lender Loader Finance Rate Table - October 2026
| Lender | Rate Range | Min. Finance | Best For |
|---|---|---|---|
| Close Brothers | 4.5–12% | £10,000 | New & used, all loader types, HP & finance lease |
| Siemens Financial Services | 4.0–10% | £50,000 | Large wheel loaders (L120H, Cat 950), fleet |
| Novuna Business Finance | 4.5–12.5% | £5,000 | JCB 3CX, backhoe loaders, fast digital decisions |
| Aldermore Bank | 5.5–14% | £5,000 | Adverse credit, sole traders, skid steers |
| Haydock Finance | 6.0–16% | £5,000 | Sole traders, construction specialists |
| Time Finance | 6.0–18% | £5,000 | Start-ups, adverse credit, limited trading history |
| 1pm Finance | 7.0–19% | £1,000 | Low-value skid steers, micro-business |
| JCB Finance (3CX/4CX new) | 0% promo / 4.9–9.9% | New from dealer | New JCB from authorised dealer, promotional deals |
| Cat Financial (Cat 428/924/930) | 3.9–9.9% | New from dealer | New Cat equipment, promotional rates |
| Volvo CE Financial Services | 4.0–9.0% | New from dealer | New Volvo L60H–L120H, operating lease |
| Komatsu Financial | 4.5–10% | New from dealer | New Komatsu WA200–WA380 from UK dealer |
Why the JCB 3CX Dominates UK Backhoe Finance
The JCB 3CX backhoe loader is the most searched and most financed single piece of plant equipment in the UK. Its 40-year production run, enormous second-hand market, and strong residual values mean that virtually every UK asset finance lender has a policy for it. Lenders understand its value at every age - a 5-year-old 3CX with 4,000 hours commands a predictable market price, which reduces lender risk and often translates into lower rates.
A new JCB 3CX (approx £60,000–£75,000) or 4CX (approx £85,000–£120,000) can be financed through JCB Finance or any panel lender. A used 3CX (approx £20,000–£55,000 depending on age and spec) is well placed with Close Brothers, Novuna, Haydock, or Aldermore. A skid steer or compact track loader at lower values (£15,000–£50,000) suits Aldermore, Haydock, or Time Finance at the lower end.
Loader Finance by Size Category
| Category | Typical Value Range | Recommended Lenders | Finance Type |
|---|---|---|---|
| Skid steer / compact track loader (Bobcat, Cat 262, JCB 135) | £15,000–£60,000 | Aldermore, Haydock, Time Finance | HP |
| Backhoe loader - used (JCB 3CX, Cat 428) | £20,000–£55,000 | Close Brothers, Novuna, Haydock | HP |
| Backhoe loader - new (JCB 3CX, Cat 428) | £55,000–£75,000 | JCB Finance / Cat Financial + broker panel | HP or Finance Lease |
| Mid wheel loader (Volvo L60H, Cat 924, Komatsu WA200) | £90,000–£165,000 | Close Brothers, Novuna, captives | HP or Finance Lease |
| Large wheel loader (Volvo L120H, Cat 950, Komatsu WA380) | £215,000–£290,000 | Siemens Financial Services, Close Brothers | HP, Finance Lease, or Op Lease |
Top-Ranked Lenders for Loader Finance
- 1Close Brothers Asset Finance4.5–12% · New & used · All loader types · HP and Finance Lease · min £10,000
- 2JCB Finance (new 3CX/4CX only)0% promo / 4.9–9.9% standard · New JCB from authorised dealer · Fast dealer arrangement
- 3Siemens Financial Services4.0–10% · Large wheel loaders £50k+ · Fleet facilities · Quarrying and infrastructure
- 4Novuna Business Finance4.5–12.5% · Backhoe loaders · Fast digital decisions · New & used min £5,000
- 5Aldermore Bank5.5–14% · Adverse credit · Sole traders · Skid steers · Used equipment · min £5,000
- 6Haydock Finance6–16% · Construction specialists · Sole traders · Northern England bias · min £5,000
- 7Time Finance6–18% · Start-ups · No accounts · Adverse credit · Used plant · min £5,000
Qualification Factors That Affect Your Rate
The rate you receive for loader finance depends on several factors beyond the headline figures above. Lenders assess your application holistically. The main drivers are:
Credit profile: Clean limited company credit with 3+ years trading and filed accounts achieves rates at the bottom of each lender's range. CCJs, mortgage arrears, or county court history pushes you toward specialist lenders like Aldermore, Time Finance, or Haydock.
Machine age and value: Newer, higher-value machines (a 2024 Volvo L120H at £250,000) attract lower percentage rates than older, lower-value ones (a 2015 JCB 3CX at £28,000). At the lowest values, 1pm Finance can finance from £1,000.
Finance type: HP - where you own the asset at the end - is the most common. Finance Lease (no balloon ownership) suits plant hire companies. Operating Lease (off-balance-sheet, residual value risk with lender) suits fleet replacement cycles.
Deposit: A larger deposit reduces lender exposure and often reduces your rate. 10–30% deposit is typical for loader finance. Low-deposit (0–10%) is possible but usually commands a higher rate.
More loader finance guides
Lender and manufacturer finance compared
Each lender's rates, criteria and when it fits, plus manufacturer finance against an independent broker, October 2026.
- Aldermore Skid Steer & Compact Loader Finance Rates
- Cat Financial vs Independent Broker for Wheel Loaders
- Close Brothers Wheel Loader Finance Rates
- JCB Finance vs Independent Broker for Backhoe Loaders
- Komatsu Financial vs Independent Broker for Wheel Loaders
- Novuna Backhoe Loader Finance Rates
- Siemens Financial Services Wheel Loader Finance Rates
- Volvo CE Financial Services vs Independent Broker for Wheel Loaders