InterBay Asset Finance: products, terms and eligibility

InterBay Asset Finance is a UK provider of asset finance. The legal entity named on its site is InterBay Asset Finance Limited, company number 05929676. It is based in Chatham, Kent. Companies House shows the company was incorporated 2006. It is part of OSB Group PLC (OneSavings Bank Group).

InterBay Asset Finance is part of OSB Group, a FTSE 250 specialist lender, according to its site. OSB Group funds its lending through the Kent Reliance and Charter Savings Bank retail savings brands. Its registered office is The Observatory, Brunel Way, Dock Road, Chatham, Kent. The site says its team has more than 150 years of combined asset finance experience. It lists accreditations with the British Business Bank, the Finance & Leasing Association and the National Association of Commercial Finance Brokers.

In its own words on scale:

• Says the combined OSB Group loan book is over £19bn (figure on its site in October 2026).

Everything on this page comes from what InterBay Asset Finance publishes itself. We show the date we last checked it, and we do not rate or rank lenders.

InterBay Asset Finance publishes 3 products for UK businesses. The table above gives the amounts and terms as it states them.

• Hire purchase: Seasonal, escalating or balloon profiles available; own the asset at the end on paying a small fee.
• Finance lease: Use without owning; at end sell, extend or return the asset.
• Refinance: Raise capital against owned assets, consolidate or restructure existing finance; seasonal, escalating or balloon profiles available.

Hire purchase

A hire purchase agreement spreads the cost of an asset over an agreed term. Standard terms are 2 to 5 years, with up to 7 years for long-life assets. InterBay says it can offer agreements with little or no deposit and can structure VAT deferral, seasonal, escalating and balloon profiles. The business usually owns the asset at the end of the term after paying a small final fee and can claim capital allowances in the majority of cases, says InterBay.

Finance lease

A finance lease lets a business use an asset without owning it. InterBay says VAT can typically be reclaimed on monthly payments and that payments are often deductible against pre-tax profit. Several options are offered at the end of the lease.

Refinance

Refinance raises capital against assets the business already owns. InterBay says it can be used to raise working capital, consolidate existing finance arrangements or fund acquisitions.

InterBay Asset Finance says its finance is used for:

• Buying equipment and vehicles over a fixed term
• Using assets without owning them
• Releasing capital from owned assets
• Consolidating existing asset finance
• Funding seasonal or deferred payment profiles

Sectors and business types it says it funds:

• Agriculture
• Bus and coach
• Construction
• Engineering
• Forestry
• Manufacturing
• Materials handling
• Packaging

InterBay Asset Finance publishes these criteria. Meeting them does not mean an application will be accepted: every lender makes its own decision.

• UK-registered SMEs, limited companies, partnerships and sole traders.
• Large corporate entities and LLPs, if UK-registered.
• Minimum deal size of £25,000.
• Assets from overseas suppliers considered, but must be in the UK before funds are released.
• Sterling only.

InterBay Asset Finance describes its process like this:

1. Applications come through brokers on InterBay’s panel.
2. Brokers can speak to a Regional Sales Manager, who is credit-trained.
3. Large or complex deals can be discussed directly with an underwriter.
4. Funds can be released against clear scanned copies of documents.

Information it says it asks for:

• Original documentation is not required unless specifically requested; clear scanned copies are accepted.

Every application is subject to status and the lender’s own criteria at the time.

Asset finance spreads the cost of equipment, vehicles or machinery, with the asset itself as the main security. Under hire purchase you own the asset once the final payment is made; under a lease you pay to use it and hand it back, extend or replace it at the end.

Lenders look at the asset’s age, condition and resale value as well as the business, and many fund used as well as new equipment. Sector pages such as transport and logistics finance and construction finance show how it is used in practice.

Points InterBay Asset Finance publishes that are worth knowing:

• Lends through brokers; apply to join its broker panel via a Regional Sales Manager.
• States it can offer agreements with little or no deposit.
• Hire purchase can include VAT deferral of up to four months.
• Products are stated as not regulated by the FCA or PRA.
• Industries listed include agriculture, construction, engineering, manufacturing, transport and waste and recycling.

Security and guarantees

The pages read do not describe personal guarantees or charges. Hire purchase and lease are secured on the asset being financed in the usual way, but InterBay’s pages do not spell this out.

InterBay Asset Finance’s site states: “The products and/or services featured above are not regulated by the Financial Conduct Authority and the Prudential Regulation Authority. InterBay Asset Finance Limited is a company registered in England and Wales (company number 05929676). InterBay Asset Finance is a full member of the Finance & Leasing Association and the National Association of Commercial Finance Brokers (NACFB).”

Protections differ by borrower type and loan size. Most lending to limited companies is not regulated consumer credit, so read the agreement and ask the lender what applies to you.

Other providers of asset finance with profiles here include Kingsley Asset Finance, Liberty Finance and Lloyds Bank. Each profile uses that lender’s own published terms.

The full list, grouped by product type, is in our directory of UK business lenders.

Capzy is a credit broker, not a lender, and gets paid by the lender. One application lets your business compare options across lenders, so you can weigh this kind of facility against the alternatives. You can check your funding options with a soft search that does not affect your credit score. A full application to a lender may involve a hard search, and any offer is subject to status and lender criteria.