Allica Bank has announced a 0.35% rate reduction on asset finance for hard assets, marking its most competitive offer in three years. The limited-time rate applies to loans between £150,000 and £2.5 million, with applications open until 31st October 2025.
The move comes amid a strong year for Allica’s leasing proposition, which has seen the launch of a long-term sub-hire product, allowing equipment leasing for up to 36 months, and expanded refinance options to support asset purchases, management buyouts, and working capital needs.
Brandon Hall, Head of Sales, Asset Finance, said the offer reflects Allica’s commitment to supporting brokers and their SME clients. “Established businesses are the backbone of the UK economy,” he noted, adding that the rate cut gives them “another highly competitive product to help them invest with confidence.”
With over £850 million lent in asset finance to date, Allica continues to position itself as a key player in the UK leasing market. Hall described the rate as “exactly what the market needs right now to keep deals moving,” as brokers and funders navigate a high-cost environment and shifting investment priorities.
The offer is expected to drive activity across sectors reliant on hard assets, from construction and manufacturing to logistics and agriculture, where leasing remains a critical tool for capital deployment and operational flexibility.
