Promarine Finance - Indicative Rate Table (October 2026)
| Finance Type | Indicative Rate | Min Loan | Max Loan | Max LTV | Max Term | Key Feature |
|---|---|---|---|---|---|---|
| HP (new/near-new commercial) | 8–10.5% | £25,000 | £1,000,000 | 80% | 7 yr | 80% LTV for well-coded vessels - highest in specialist tier |
| HP (used commercial) | 9.5–14% | £25,000 | £750,000 | 75% | 7 yr | Older vessels and non-standard situations considered |
| Marine Refinance | 9–13% | £25,000 | £500,000 | 70% | 5 yr | Equity release from existing commercial vessel |
Rates are indicative for October 2026 and subject to underwriting, vessel survey and credit assessment.
About Promarine Finance Fishing Vessel Finance
Promarine Finance is a dedicated marine lending specialist with a focused book of commercial fishing vessel transactions alongside their broader leisure marine portfolio. Their commercial fishing proposition is built on genuine marine expertise, willingness to lend at 80% LTV - which is unusually generous for a non-bank specialist - and a personal service model where decision-makers are accessible throughout the application process.
Operating from £25,000 to £1,000,000, Promarine covers a wide range of fishing vessel transactions. Their 80% LTV on qualifying new and near-new vessels is the highest in the specialist (non-bank) lender tier, which means borrowers can maximise their leverage without needing to approach a clearing bank. The 7-year maximum term is standard for the specialist market.
In October 2026, Promarine is a strong option for fishing vessel purchases where the borrower wants specialist marine expertise, 80% LTV, and a responsive personal service - but either cannot or does not want to engage with the clearing bank process. Their rates at 8–14% reflect their position as a non-bank lender, but the LTV and service combination differentiates them from competitors at similar price points.
Strengths
- 80% LTV for qualifying vessels - the highest available in the non-bank specialist tier
- £1,000,000 maximum - accessible for larger inshore and some offshore fishing vessels
- Genuine marine expertise across both leisure and commercial vessel types
- Personal, accessible service - direct contact with decision-makers throughout the process
Limitations / Things to Know
- Rates of 8–14% are higher than mainstream banks and comparable specialist lenders like Close Brothers
- 7-year maximum term means higher monthly repayments than 10-12 year options at the clearing banks
- Promarine is a smaller operation - capacity for very large single transactions (£1m+) may be limited
Is Promarine Finance Right for My Fishing Vessel?
Promarine Finance suits fishing vessel purchases where 80% LTV is important, the transaction is in the £25k–£750k range, and the borrower values personal service and marine sector expertise. They are a useful alternative to Close Brothers or Arkle where those lenders are at capacity, and a good fit for borrowers who find the clearing bank process too bureaucratic but want to maximise their LTV.
Compare All Lenders
See how Promarine Finance compares in our full lender comparison, or return to the hub.