Finance surface drilling rigs and blast-hole drills for quarrying, aggregate extraction and surface mining on hire purchase. These are highly specialist assets - assessed by lenders who understand quarry production, not just residual auction value.
New and used rigs funded with service records and drill string inventory
High-value facilities from £500,000 arranged through credit committee
Drill string and ancillary equipment included in the same facility
Soft credit search before commitment
What we finance
Small surface drilling rigs (bit diameter to 89mm)
Medium surface drilling rigs (89mm-152mm)
Large blast-hole drilling rigs (152mm+)
Down-the-hole (DTH) drilling rigs
Top-hammer surface drilling rigs
Drill string and bit inventory (included in facility)
Compressors and drilling support equipment
Indicative rates, November 2026
Rates indicative, subject to status, asset type and lender criteria. Doulton Money Limited FCA No. 814533. Not all asset finance products are regulated. Rates correct November 2026.
Equipment / asset
Finance type
Rate
Term
Small surface drilling rig (to 89mm)
Hire purchase
From 6.2% APR
3-5 years
Medium surface drilling rig (89-152mm)
Hire purchase
From 6.3% APR
4-7 years
Large blast-hole drilling rig (152mm+)
Hire purchase
From 6.5% APR
4-7 years
DTH drilling rig
Hire purchase
From 6.2% APR
3-5 years
Worked example: Medium surface drilling rig
Illustrative figures. Payments assume the rate shown, repaid in equal monthly instalments over the full term with no deposit, balloon or fees. Your own terms depend on status, the asset and lender criteria.
Asset value
£650,000
Finance type
Hire purchase
Term
5 years
Rate
6.4% APR
Monthly payment
£12,688
Total repayable
£761,280
Total interest
£111,280
Note
Credit committee. 2 years accounts + drilling programme required.
For assets over £500,000: 2 years of audited or management accounts, description of the quarry operation and drilling programme, rig specification (make, model, bit size range) and insurance confirmation.
Can drill string inventory be included in the facility?
Yes - drill string, bits and ancillary drilling equipment can be included in the same hire purchase facility as the rig, funded as a combined value.
Can I finance a used surface drilling rig?
Yes - rigs to 10 years old with full service records and a current compressor inspection are funded on hire purchase by specialist lenders. The key factor beyond accounts is the rig's current utilisation and scheduled drilling programme.
How long does credit take?
Surface drilling rigs typically require credit committee. Allow 7-14 working days from receipt of accounts and rig details.
