Marine Equipment Finance Rate Comparison - October 2026
| Lender | From APR | To APR | Max Term | Max LTV | Min Loan | Strength |
|---|---|---|---|---|---|---|
| Lombard | 6.9% | 12.5% | 5 yrs | 75% | £10,000 | Best rates (business) |
| Close Brothers | 7.2% | 13.5% | 7 yrs | 80% | £5,000 | Marine specialist |
| Black Horse | 7.5% | 13.9% | 7 yrs | 80% | £5,000 | Best-known marine lender |
| Aldermore | 8.2% | 14.5% | 5 yrs | 70% | £10,000 | Self-employed |
| Shawbrook | 8.5% | 15.2% | 5 yrs | 70% | £10,000 | Near-prime |
| Funding Circle | 8.9% | 16.5% | 5 yrs | 70% | £5,000 | Refit + labour |
| Rankin Finance | 10.5% | 18.9% | 7 yrs | 80% | £3,000 | Adverse credit |
Rates indicative for October 2026. Subject to lender criteria and individual circumstances.
Which Equipment Finance Lender Is Right for You?
The right lender for your marine equipment purchase depends on four key factors: your credit profile, the size of the purchase, whether you're buying as a business or individual, and whether you need to include labour and installation costs.
Best rates, business applicant: Lombard from 6.9% APR. Requires 2+ years trading, clean credit, and a minimum £10,000 purchase.
Best rates, marine specialism: Close Brothers from 7.2% APR. Understands marine equipment values, active in the sector.
Best for small purchases: Rankin Finance from £3,000, or Black Horse / Close Brothers / Funding Circle from £5,000.
Best for adverse credit: Rankin Finance or Aldermore - both will consider applicants with CCJs, defaults or non-standard income.
Best for full refit projects: Funding Circle, which can include labour and installation in the loan.
Best for self-employed: Aldermore or Funding Circle - both are experienced with non-standard income verification.
Lender rate pages
Each lender's full criteria, rates and our verdict for this vessel type, October 2026.
- Aldermore Marine Equipment Finance Rates
- Black Horse Marine Equipment Finance Rates
- Close Brothers Marine Equipment Finance Rates
- Funding Circle Marine Equipment Finance Rates
- Lombard Marine Equipment Finance Rates
- Rankin Finance Marine Equipment Finance Rates
- Shawbrook Bank Marine Equipment Finance Rates