Lombard Marine Business Finance - Rate Table (October 2026)
| Term | Rate from (APR) | Max LTV | Min Loan | Notes |
|---|---|---|---|---|
| Up to 5 years | 5.5% | 75% | £50,000 | Best available rate band |
| 5–10 years | 6.0% | 75% | £50,000 | Mid-term pricing |
| 10–7 years | 6.5% | 70% | £50,000 | Longer-term pricing |
| Rate ceiling | 9.0% | 65% | £50,000 | Higher-risk / adverse credit |
Lombard (NatWest Group) offers the keenest rates for established marine businesses with strong financials. Rates are indicative and subject to lender credit assessment, vessel survey and final underwriting. October 2026.
About Lombard Marine Business Finance
Lombard, the asset finance division of NatWest Group, offers marine business finance at the most competitive rates available through our panel - from 5.5% APR. Lombard's scale (they are one of the UK's largest asset finance providers) gives them a cost-of-funds advantage over smaller specialist lenders, and for well-qualified marine businesses this translates to meaningful rate savings over a 5–7 year term.
Lombard's marine business finance covers asset finance for boat yards, chandleries, charter companies and marine engineering businesses. Maximum LTV is 75% with terms to 7 years and a minimum advance of £50,000. Their credit appetite is focused on established businesses - typically 3+ years of trading with clean accounts and a clear asset proposition. For businesses that qualify, Lombard is almost always the cheapest option in the market.
The NatWest/RBS relationship is relevant here: Lombard prefers borrowers who bank with NatWest or RBS, and existing NatWest business customers will typically find the process more straightforward and may access preferential pricing. However, the banking relationship is a preference rather than an absolute requirement for all product types. Doulton Bridging Finance will advise on whether the NatWest relationship is material to your specific case.
Strengths
- Lowest starting rate (5.5% APR) in the marine business panel
- NatWest Group institutional backing
- Suitable for established businesses with strong financials
- 7-year maximum term
- Broad range of marine business assets considered
Limitations to note
- £50,000 minimum advance
- 75% maximum LTV
- NatWest/RBS banking relationship preferred
- 3+ years trading history typically required
- Less flexible than specialist lenders on complex cases