Rankin Finance Marine Fleet Finance - Rate Table (October 2026)
| Term | Rate from (APR) | Max LTV | Min Loan | Notes |
|---|---|---|---|---|
| Up to 5 years | 8.5% | 80% | £10,000 | Best available rate band |
| 5–10 years | 9.0% | 80% | £10,000 | Mid-term pricing |
| 10–10 years | 9.5% | 75% | £10,000 | Longer-term pricing |
| Rate ceiling | 14.5% | 70% | £10,000 | Higher-risk / adverse credit |
Rankin Finance provides marine fleet finance for charter companies and commercial boat operators. Rates are indicative and subject to lender credit assessment, vessel survey and final underwriting. October 2026.
About Rankin Finance Marine Fleet Finance
Rankin Finance's marine fleet finance product is designed for businesses that operate multiple vessels - charter companies, boat hire operators, water taxi businesses, safety vessel operators and similar commercial marine operators. Rather than requiring a separate application for each vessel, Rankin can structure a fleet facility that covers multiple vessels under a single agreement, simplifying administration and often improving overall pricing compared to individual vessel loans.
Fleet finance from Rankin operates on hire purchase or finance lease structures, with the lender holding security over the fleet as a whole. Terms extend to 10 years for fleet facilities, maximum LTV is 80% of the fleet's combined value, and the minimum advance of £10,000 means this product is accessible for small operators with just two or three vessels as well as larger charter businesses with a significant fleet. Rates range from 8.5% to 14.5% APR, reflecting the additional complexity and risk associated with commercial marine fleet operations versus individual recreational vessel finance.
A key feature of Rankin's fleet product is their willingness to consider commercial and charter use explicitly - a use category that causes many lenders to decline outright or require specialist commercial insurance that is hard to source. Rankin understands the economics of charter operation, seasonal utilisation patterns and the maintenance cycles of working fleets. For a UK charter company looking to expand its fleet or refinance existing vessels, Rankin should be included in any comparison exercise.
Strengths
- Dedicated marine fleet finance product
- Single facility for multiple vessels
- 80% LTV available
- £10,000 minimum accessible to small operators
- Accepts commercial and charter use
- 10-year maximum term
Limitations to note
- Higher rate range (8.5%–14.5%) reflecting commercial fleet risk
- Commercial vessels require specialist insurance
- Older vessels in fleet may attract lower LTV
- Not the cheapest option for individual vessel finance
- Charter income must be demonstrated with evidence