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Grow your business the smart way

Asset Finance

Get the equipment your business needs to grow even if you don't have the cashflow to buy outright. They say time is money and with Asset Finance you can spread the cost of your purchase so you don't have to wait.

How asset finance can help your business

Asset finance is a quick and easy way to stagger the payments on the assets your business needs to grow. It’s a way to buy things like plant and machinery, yellow goods, commercial vehicles and trailers, and cars and vans.

You can use the asset immediately, and spread the cost over its useful lifecycle. Typically, it’s faster than most other forms of borrowing.

Fuel your business

Spread the cost of the things you need to grow your business – we finance everything from plant and machinery to cars and vans, trailers and yellow goods. 

Peace of mind on repayments

No hidden fees or charges – just fixed monthly payments. We even take account of your seasonal cash flow fluctuations to right-size your repayments.

Release capital

Do you own valuable assets and want to unlock the money tied up in them? We can offer refinancing, too.

What you need to know

We’re up front with our customers about everything. We’ve created this handy summary of our Asset Finance key features so you can see the important information from the get-go.

DepositDocumentation feeInterest rateMaximum term
10% £250 or 0.5% of the amount borrowed,
which ever is greater
Fixed in advance 7 years

Deposit

Initially, you’ll just pay the agreed deposit – typically 10% of the asset value. It works a lot like getting a mortgage for a house.


Interest rate

We’ll set the interest rate in advance, depending on the type of asset and the market conditions. The rate doesn’t change during the term – you know exactly how much you’ll repay.


Monthly repayments

You pay fixed monthly repayments over the course of the loan. This can be up to 7 years depending on the asset. If you have seasonal cash flow fluctuations we can often arrange for you to make larger payments when you’re likely to have more ready cash available.


Our refinancing option

If you already own plant and machinery outright, we may be able to help you unlock the capital tied up in it.

We use a “sale and lease back” structure – you sell us the asset, which gives you a chunk of money to invest in your business. Then you lease the asset back from us so you can continue using it. You might be able to raise up to 75% of the asset value.


Get all the details to read at your leisure

Download our PDF to read when you like - it contains all the ins and outs of our Asset Finance.

Asset Finance Details (PDF) (778KB)

Terms and Conditions for Metro Bank SME Customers (PDF)(143KB)

Talk to us about asset finance

Get a quote

Give us a call

Contact our dedicated Asset and Invoice Finance Teams

OfficeTelephone numberFaxAddress
Guildford 01483 531100 01483 565488

35-37 North Street, Guildford, Surrey, GU1 4TE

Basildon 01277 237177 01277 204056

2/6 East Walk, Eastgate Centre, Basildon, Essex, SS14 1HH

Sheffield 0114 256 0033 0114 244 5472

Hallamshire House, Meadowcourt, 5 Hayland Street, Sheffield, S9 1BY

Additionally, please contact Richard Saulet, Director of Metro Bank Asset and Invoice Finance.

Telephone numberEmail
01483 531100

Richard.Saulet@metrobank.plc.uk

FAQs

Got a question about banking at the Post Office? Find your answers here.
For any additional questions you can contact commercial.support@metrobank.plc.uk 

  • What assets can I fund?

    You can fund physical business assets like machinery and cars. As rule of thumb, assets must be DIMS: Durable; Identifiable; Moveable; Saleable. We can also fund some ‘soft’ assets like telecoms equipment and computers. 

    If you want to buy pre-owned assets, we’ll usually have them independently valued before we agree to offer you financing.

  • What sectors do you support?

    We can provide asset finance for many businesses including those operating in: 

    Agriculture

    Bus and coach transport

    Corporate transport

    Construction

    Manufacturing

    Engineering

    Healthcare

    Classic and prestige cars 

    If your industry isn't listed here, we still may be able to help you. Get in touch with us to see how. 

  • How much does it cost?

    Your fixed monthly payments cover the money you’re borrowing and 2 other costs:

    1. A documentation fee – usually £250 or 0.5% of the contract value, whichever is greater

    2. Interest charged at a fixed rate, agreed in advance. The rate we offer will depend on market conditions and the type of asset you’re buying

  • How long can I get the finance over?

    That depends on the asset and its useful lifespan. The maximum length of time is 7 years. Whether we provide finance depends on credit checks and approval.

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