Black Horse Marine Equipment Finance - Indicative Rates October 2026
| Scenario | APR Range | Max Term | Max LTV | Min Loan |
|---|---|---|---|---|
| Engine / electronics - strong credit | 7.5%–9.5% | 7 years | 80% | £5,000 |
| Sails / rigging / deck hardware | 9.5%–11.5% | 7 years | 75% | £5,000 |
| Mixed refit / complex credit | 11.5%–13.9% | 5 years | 70% | £5,000 |
Rates indicative for October 2026. Subject to lender criteria and individual circumstances.
Black Horse Marine Equipment Finance - What You Need to Know
Black Horse Marine is the specialist marine lending arm of Lloyds Banking Group and one of the best-known names in UK marine finance. While traditionally associated with yacht and powerboat HP, Black Horse also provides equipment finance for engines, electronics, navigation systems, outboard motors, sails and broader refit packages.
Rates from Black Horse for marine equipment finance start at 7.5% APR, with terms up to 7 years and financing up to 80% of the equipment value. The 7-year term is helpful for larger equipment purchases - spreading the cost of a major engine replacement over 84 months keeps monthly payments manageable.
Black Horse's strength in this market is breadth of appetite. They will finance most types of marine equipment - from a single outboard motor to a full navigation electronics package - and their underwriting process for equipment finance is generally faster than for vessel HP. Decisions can often be turned around within 48–72 hours for straightforward applications.
The 80% LTV ceiling means you'll need to fund 20% of equipment costs yourself. For larger purchases, this deposit requirement can be significant - a £40,000 engine repower requires £8,000 of equity contribution. But for buyers with this equity, Black Horse's pricing and 7-year term make them one of the more attractive options in the equipment finance market.
Black Horse operates through approved marine dealers and brokers. Doulton Bridging Finance can submit Black Horse equipment finance applications on your behalf and negotiate terms where your profile warrants it.
Strengths
- Well-known, established marine lender
- Finances broad range of marine equipment
- 7-year term - longer than most
- 80% LTV - high for equipment finance
- Min £5,000 - accessible for smaller purchases
Limitations
- Requires approved dealer or broker submission
- 80% LTV means 20% deposit required
- Rates at higher end for complex credit